If you keep up with the gambling industry, then you know that Atlantic City casinos have been fighting an uphill battle for quite a while. They were struggling before the pandemic hit, and the shutdown certainly didn’t help them. Now they are facing even more threats to their survival, both from out-of-state competition and other New Jersey gambling. Atlantic City casinos are looking at challenges from the growth of casinos in New York State and the New Jersey Meadowlands. During the recent East Coast Gaming Congress hosted at the Hard Rock casino, industry veterans acknowledged the imminent threat posed by…

A glimmer of hope in a mostly dim economic outlook finds Atlantic City casinos have joined the gambling revenue party. Even as the threat of recession looms on the horizon, profits for the East Coast gambling mecca hit over $440 million for April, which is the highest since early 2019. The numbers were published by the New Jersey Division of Gaming Enforcement and show that despite the continued explosion of sports betting across America, it’s been the Atlantic City casinos that have generated to most profit. Gamblers have been returning to casinos in droves to make bets in person, even…

The New Jersey Division of Gaming Enforcement has published revenue figures for Atlantic City Casinos in the month of February. The numbers show that the nine operators in the market were able to take in over $210 million in profit, which is a significant gain from last year. Better weather and the waning of the pandemic have contributed, of course, with revenue this year reaching over $395 million to date. That represents a 28.5% growth from the same time in 2021, when the numbers reached barely over $305 million. A large portion of this revenue  was from foot traffic to…

For the first time since March of last year, Atlantic City casinos have been cleared to open at full capacity starting tomorrow, May 19th. The change comes just two months after they opened at 50% occupancy. However, New Jersey Governor Phil Murphy has chosen to keep the mask requirement in place indoors, and the six-foot social distancing rule will also remain in effect. “Now is the time to take major steps to reopen our economy and loosen both indoor and outdoor gathering and capacity restrictions,” he said. The Governor’s decision to open up the casinos comes as the summer tourism…

Nearly one month after Las Vegas welcomed guests back, Atlantic City casinos are set to open their doors in time for Independence Day weekend. There is one big catch, however: The properties must operate at 25% occupancy. New Jersey Gov. Phil Murphy said casino patrons must wear face masks and undergo some level of health screening. “If any visitor refuses to comply with these simple safeguards, you will be escorted out of the casino,” the governor said. “We are not going to tolerate any knuckleheads trying to ruin it for those who want to enjoy themselves responsibly and those who…

The New Jersey Senate has voted to provide interest-free loans to Atlantic City casinos that made their required payments in lieu of taxes during the Coronavirus pandemic. State casinos have been closed since March to slow the spread of COVID-19 in New Jersey. Governor Phil Murphy has said he hopes to allow them to reopen by July 4th. The legislation permanently expands the tax deductions casinos can take for promotional gaming credits and reduces the tax liability for one year on gross revenue if a casino suffered revenue losses on its brick-and-mortar operations during the pandemic. Casinos also would be…