Mixed Bag For The Boardwalk: Online Up, Land-Based Down At NJ Casinos

Atlantic City land-based casinos posted another negative month in June from the previous year. The eight remaining Atlantic City casinos posted a win of $204.9 million in June, down 9.5 percent from 2014.

Internet gaming generated $11.7 million in poker rake and casino win in June. That was up 22.8 percent from the previous year. Internet casino win was $9.8 million, up 31.9 percent from the previous year.

Borgata maintained its stranglehold

As usual, Borgata was the top Atlantic City casino in June. Borgata revenue came in at $56.7 million, which accounted for 28 percent of the entire Atlantic City gaming market. Borgata was up 17.8 percent over 2014.

The biggest winner in June on a percentage basis was Golden Nugget, up 19.6 percent. Resorts posted a 19.2 percent gain. Harrah’s, the only other Atlantic City casino to improve upon the previous year, was up 7.3 percent.

Trump Taj Mahal continued its slump. The one-time Atlantic City flagship was down 23.5 percent from the previous year.

The decline may be attributed to the bad press surrounding the property’s bankruptcy. Caesars, Bally’s, and Tropicana posted single-digit losses.

New Jersey online gambling June results

Five Atlantic City casinos operate online casinos under their licenses. The four that operated in 2014 were all up over the previous year.

Borgata and its partner Party Poker were the biggest winners in New Jersey last month. The two sites won $3.5 million. Most of that action came from the Borgata skins.

Poker raked $950,000. That was down 12 percent from the previous year. Casino games won 8 percent more in June compared to the previous year for a total of $2.6 million.

Caesars Interactive is the only other New Jersey site that still offers poker. Caesars poker raked $885,000 in June, down 6 percent from the previous year. Casinos under the Caesars Interactive umbrella – including 888, Caesars, and Harrah’s – won $1.75 million in June, up 6 percent over the previous year.

Golden Nugget held steady with NJ online casino

The largest Internet gaming winner in June on a percentage basis was Golden Nugget.

It posted a win of $2.5 million in June, up 255 percent from last year. This massive gain can be attributed to an improvement in business, as well as the inclusion of Betfair under the Golden Nugget license. Betfair operated under the Trump Plaza license in 2014, until that property closed for good.

Tropicana continued its success in the New Jersey regulated casino market. The company licenses online casinos under its brand and Virgin. The pair won $2.56 million in June, up 48.3 percent.

Resorts did not operate an online casino in 2014. It won $400,600 in June.

Image Sean Pavone / Shutterstock.com

About the Author

John Mehaffey

A veteran writer covering the US online poker, online gambling, and land-based casino industries, John Mehaffey lives in Las Vegas, where he is a valued source on things happening around town. He is also the author of the popular Online Poker Payment Processing Report.