One of the most successful casinos in Atlantic City is set to celebrate 40 years of operating. Caesars Atlantic City has survived through the years and deserves credit for its consistently high-quality casino gaming options. It’s a real accomplishment for one of the country’s biggest casino-resort companies.
This is the perfect time to look back at the history of this casino’s operations in Atlantic City. We’ll also talk about how this famous casino has performed in recent years. Let’s get into it!
History of Caesars Atlantic City
This casino opened up in Atlantic City all the way back in 1979. It launched inside a Howard Johnson property, which Caesars invested nearly $300 million to renovate. When Caesars opened, it was just the second casino in Atlantic City. At this time, it was called the Boardwalk Regency.
By 1985, this casino was named Caesars Boardwalk Regency and underwent a massive expansion. Company officials added an 1100-seat showroom. Over the years, this venue has featured some of the top artists in the world including Diana Ross, Lionel Richie, and Celine Dion.
Two years later, this casino finally changes its name to Caesars Atlantic City. Throughout the next few decades, the casino underwent numerous renovations, including adding the Roman-theme into the casino’s interior.
During the Great Recession, casino revenue in Atlantic City dropped dramatically. A number of major casinos here were forced to permanently shut their doors. Caesars persevered, and it one of the most successful gaming establishments in the city today.
Atlantic City’s Huge Revenue Increase
We have covered the rise in Atlantic City revenue for months. Just last week, we discussed the news of Atlantic City recording its 12th straight month of increased revenue. This does not necessarily apply to all casinos here, though.
There is a clear discrepancy in casino earnings here. For the most part, a few casinos are bringing in the majority of revenue to this city. The Borgata Casino continued to be the top earner here.
Caesars, to its credit, has performed great. In May, this casino was the second-highest revenue earner in Atlantic City. It acquired $22,941,207 in overall revenue last month.
Sports betting has helped to increase revenue here substantially. In May of 2018, the US Supreme Court struck down PASPA, allowing every state to set its own laws on sports gambling. New Jersey legalized this industry just weeks later. Today, more than $3 billion has been spent on sports wagers in this small city.
Caesars Celebrates Its 40th Anniversary
You have to give credit to Caesars for sticking with Atlantic City through thick and thin. It’s a great thing to see this city’s economy flourishing once again, and we can expect some major developments coming here in the near future.
Caesars Atlantic City recently earned the 2019 Tripadvisor Certificate of Excellence. During the majority of 2018, this casino was named the #1 hotel in Atlantic City by a number of outlets. Officials in the company are incredibly proud of what the casino has accomplished in this city.
“With three resorts in the market, Caesars has viewed Atlantic City as critical to our success over the past 40 years,” said Tom Rodio, CEO of Caesars Entertainment. “Having started out at Harrah’s Resort, and spending most of my career in the City, I have a special appreciation of this landmark 40th anniversary for Caesars, the gaming industry and Atlantic City.”
Caesars is announcing a set of entertainment, culinary, and nightlife events throughout the entire summer. A number of other casinos in Atlantic City owned by Caesars Entertainment are also planning to launch entertainment events over the next few years.
Make sure to stay tuned for updates to Atlantic City casino news. We’ll keep you updated on major events taking place this summer.