Ocean Casino Resort AC Sues Live! Hotel & Casino for Copying Marketing Slogan

Ocean Casino Resort AC
Ocean Casino Resort filed a lawsuit at a federal court on Tuesday, accusing Live! Casino & Hotel Philadelphia of “infringement and unfair competition” for using a similar marketing slogan without its consent.

The Atlantic City hotel and casino argued that its “Go for the Win” marketing slogan is its “unique and distinct service product. In fact, Ocean filed an intent-to-use application for the slogan with the U.S. Patent and Trademark Office last May.

Seeking A Court Order

According to the lawsuit, Live! Casino and Hotel’s marketing campaign was done “with full knowledge and conscious disregard of the rights of Ocean, and are willful, intentional, and deliberate acts, made in bad faith with the intent to trade on the goodwill and of the service mark of Ocean.”

Lawyers representing Ocean said that the “unauthorized use” of its slogan will cause confusion, mistake, and deception that the two gambling properties are connected. Likewise, Ocean stated that its ability to offer services under its “Go for the Win” campaign has been disrupted.

As a result, Ocean Casino Resort is seeking a court order to prevent Live!Casino & Hotel from using the marketing slogan and instruct Live! Casino & Hotel to destroy all marketing collaterals associated with the advertising campaign.

Part of Efforts to Bring Back Customers

Ocean Resort Casino launched the “Go for the Win” marketing campaign last June as part of their efforts to bring back their customers amid the COVID-19 pandemic. Ocean reportedly spent $140,000 to develop the marketing campaign with its advertising agency.

The Atlantic City casino added that it spent more than $1.5 million to promote the campaign in the South Jersey and Philadelphia regions via advertisements on billboards and media platforms.

One month later, Live! Casino & Resort came up with its “Let’s Go for the Win” promo to generate more business for its brand news Southern Philadelphia gambling property. Live! Casino used its marketing slogan in ads on TV, social media, and websites. The company even placed it on a huge electronic billboard near Ocean Casino Resort in Atlantic City.

Ocean Casino-Resort is Suing a Pennsylvania Casino Over Advertising

Ocean Casino Lawsuit

Atlantic City is home to some of the biggest and most powerful casinos in the United States. That includes the Ocean Casino-Resort, one of the newest properties to open its doors in this city. New reports have just surfaced claiming that the owners of this property are now suing a major Pennsylvania-based casino.

Now is a great time to talk about why this lawsuit is being made. We’ll also talk about how the casino industries in New Jersey and Pennsylvania are faring right now.

Let’s get into it.

Ocean Casino-Resort Files Lawsuit Against Live! Casino & Hotel Philadelphia

The US casino industry has been steadily recovering since the mass shutdowns back in 2020. Over in Atlantic City, things have been faring very well. The East Coast’s top gambling hub has been seeing consistent revenue increases over the past few months.

Recently, the Ocean Casino-Resort has established itself as one of the most popular gambling venues in the city. This venue opened its doors back in 2012. It struggled to generate much interest at first, yet has been seeing steady revenue increases over the past eight months.

News broke this week that the owners of this venue have filed a lawsuit against the Live! Casino & Hotel Philadelphia. The Ocean Casino-Resort spent a massive amount of money developing the “Go for the Win” slogan in their marketing campaign. The Live! Casino & Hotel Philadelphia is now using its own slogan, “Let’s Go for the Win,” illegally, representatives from Ocean claim.

Officials at Ocean Casino-Resort want the Philadelphia casino to immediately cease using this slogan. They are also demanding money for the damages this rival marketing campaign has caused. Representatives of Live! Casino Philadelphia have yet to comment on this lawsuit.

Fortunately, the gaming industries in both New Jersey and Pennsylvania are performing very well right now. Here’s a look at how much revenue these properties have been bringing in lately.

Casino Revenue Continues to Surge in the Northeastern US

There is now a massive gambling hub developing in the Northeastern area of the United States. New Jersey and Pennsylvania have both developed major casino industries in recent years. Both are also seeing steady revenue increases throughout 2021.

The American Gaming Association recently released a report detailing New Jersey’s casino revenue over the year’s second quarter. Incredibly, this state has managed to bring in $13.6 billion in total gross gaming revenue over the months of April, May, and June. That represents the best quarter in history for the casinos here.

Pennsylvania has massively expanded its gaming industry over the past two decades. Last July, the casinos here reported $423 million in total gaming revenue. That is an impressive $35 million jump when compared to the month prior.

New Jersey and Pennsylvania are home to large sports betting industries, as well. Both land-based and online sports betting are legal and regulated here. This industry helps to bring the state a huge amount of tax revenue each month.

2021 is shaping up to be the best year in history for the casinos in the Northeastern United States. So how are the casinos faring over in the Western US?

Las Vegas Continues to Report Impressive Gaming Revenue Figures

Las Vegas is facing more gambling competition from other states now than ever before. Despite that fact, “Sin City” remains the most powerful gaming destination in the United States. It has recovered from the events that unfolded in 2020 and continues to set new revenue records in 2021.

That was the case this past July. It was this month that the casinos here managed to bring in $794 million in total gross gaming revenue. That surpassed the previous record set in February of 2013 at $696 million. Some analysts credit the opening of Resorts World Las Vegas for this spike in gaming revenue.

Most expect to see even larger revenue figures as the year goes on. Some believe August will end up surpassing the $794 million mark set the month prior. This is likely due to the continuously increasing tourism rates in Las Vegas.

The US casino industry is in a better position than ever before. That is incredible when considering how dire things were for this industry just one year ago. We’ll be sure to offer more revenue updates as the year goes on.

Are you surprised the Ocean Casino-Resort is suing Live! Casino & Resort? Will this lawsuit be successful? Let us know in the comments section below.

Workers Push to Ban Smoking Inside Atlantic City Casinos

Hard Rock Atlantic City

Atlantic City is home to one of the largest casino industries in the United States. Many world-class casinos are operating in the city, most of whom have seen large jumps in revenue over the past few months. New reports claim that workers are now pushing to ban smoking inside Atlantic City casinos.

Many US gambling hubs have been pushing for a similar rule to limit smoking inside casinos. These efforts have been mostly unsuccessful. Today, we’ll talk about what could lead to Atlantic City changing its rules on smoking.

Let’s get into it!

Many of the Casino-Resorts in Atlantic City are Undergoing Renovations

Atlantic City has been a popular gambling hub for decades. It has faced its ups and downs over the years. The economic crash of 2008 nearly resulted in the collapse of the city’s entire land-based casino industry.

In 2020, Atlantic City faced perhaps its biggest test to date. It was this year that all of the casinos in the city were ordered to shut down by Governor Murphy. It took months for any of the gambling venues in the city to begin operating again.

These venues began operating again over the summer, albeit with a huge number of restrictions set in place. Fortunately, most of the rules set in place last year have now been removed. As a result, the city has been seeing a steady increase of tourists flocking in.

Many of the biggest casinos here are now set to undergo major renovations. That includes the Ocean Casino-Resort, which recently announced it plans to begin a $15 million renovation that will update the rooms and casino floor. As some are aware, this property is now the third-most-successful casino in Atlantic City.

These renovations may help to further boost tourism rates in the city. It’s an exciting moment for the casino companies here and other businesses that rely on visitors. Hope is that the upward trend continues over the rest of 2021.

Some of the workers in this city are now pushing hard to make things safer. Here’s what we know about the latest push to prohibit smoking inside the city’s gambling venues.

Workers Group is Now Pushing to Ban Smoking Inside Atlantic City Casinos

The majority of casinos around the country allow their patrons to smoke. It’s a common allowance seen in even the most expensive casino-resorts in the country. Many of these properties invest in state-of-the-art filtrations systems to limit the damage caused by smoking.

There’s no doubt that the conditions are unhealthy for the workers inside these venues, though. Some workers groups in Las Vegas have been successful in getting smoking banned on the casino floor. Unfortunately, the casinos that established this rule almost all saw a massive drop in their visitation numbers.

Casinos want to avoid losing their much-needed players. Of course, the owners of these properties are also beginning to take a closer look at the danger it presents to their workers. Many casino companies are working to address this issue in the best way possible.

New reports claim that a group of workers is now pushing to ban smoking inside Atlantic City casinos. This takes place as the city is set to begin allowing smoking again starting on Sunday. Many are now pushing hard to get this activity permanently banned, at least in some of the city’s casino-resorts.

Governor Murphy seems open to this idea. The Casino Association of New Jersey, however, claims this would put the state’s gaming industry at a disadvantage with other nearby gaming destinations.

“Going completely nonsmoking would place Atlantic City casinos at a competitive disadvantage with other nearby casinos that allow smoking,” the group said. 

This is an interesting situation and one that many are likely to be torn on. We’ll be sure to continue offering updates on the situation here over the next few months!

Las Vegas Casinos Brace for Another Major Surge of Tourism

Most of the country’s land-based casino destinations are seeing impressive increases in revenue this year. That includes Las Vegas, which was the hardest economically hit city in the country in 2020. This city has rebounded and is now seeing steady growth in tourism as the months go on.

On June 24, Resorts World Las Vegas opened to the public. This is the most expensive resort ever built in the city and has been highly anticipated with gaming fans around the country. Opening day was a massive success, with at least 20,000 individuals attending its opening ceremony.

The Fourth of July weekend is just around the corner and most analysts expect another massive surge of tourism. That includes Scott Sibella, President of Resorts World LV. He claims this may end up being the best weekend in history for the city of Las Vegas.

Most casinos are getting ready to offer new entertainment options to their guests over the holiday weekend. Most have slightly increased their room rates over the weekend, as well. Hotel bookings are up and the city should experience a surge of revenue.

It may not be long before officials begin pushing to ban smoking inside casinos in Las Vegas. That won’t be easy when considering some of the power these venues hold in the city. Stay tuned for updates!

Do you think smoking inside Atlantic City casinos will eventually be prohibited? Let us know in the comments section below!

Atlantic City’s Q1 Revenue Figures are Finally Out!

Atlantic City Picture

New Jersey’s gambling industry continues its impressive comeback. Over the past few months, the casino and sports betting operators here have been steadily recovering. Atlantic City’s Q1 revenue figures are now out and many are impressed to see where the city stands.

The entire US gaming industry is bouncing back right now. Over in New Jersey, things seem to be improving faster than in other parts of the country. Now is a great time to break down the revenue numbers over in Atlantic City.

Let’s get into it!

Memorial Day Weekend Will Bring a Surge of Tourism to Casino Hubs

Just one year ago, the entire US casino was struggling immensely. Most states were still ordering their commercial casinos to remain closed. As a result, gambling revenue was almost non-existent around the country.

Things began to improve as the year went on. By the end of 2020, it became clear that the industry was bracing for a major comeback. That is proven true, with gaming revenue slowly increasing over each month of 2021.

As infection rates drop, more people around the US are choosing to travel. Memorial Day weekend is just around the corner and analysts expect to see a massive surge of travel. Many will choose to visit some of the country’s major casino hubs such as Las Vegas and Atlantic City.

The major casino companies based in these cities are preparing for a surge of tourism, too. Casinos in Las Vegas have increased their room rates in order to make the most revenue this weekend. There is also a range of new entertainment options coming to this city.

Atlantic City is also hoping for an influx of tourists from around the country. This city is known as the biggest gambling hub on the East Coast. There are a number of hugely popular casino-resorts here looking to bring in more players.

We’re now beginning to see how successful this year has been for the gaming industry in AC. Let’s check out the numbers!

Breaking Down Atlantic City’s Q1 Revenue Figures

It’s been great seeing the US land-based casino industry bounce back lately. The events that unfolded last year showed how vulnerable this industry really is. Casino revenue has been slowly increasing as the year goes on.

This week, the New Jersey Division of Gaming Enforcement released Atlantic City’s Q1 revenue figures. According to this government body, the city earned three times more in this year’s first quarter than the same time period of 2020. It’s extremely exciting news for the casino companies here.

Overall, casino gross profits here came out to $95 million in 2021’s Q1. Eight of the nine casinos in Atlantic City reported revenue increases over January, February, and March. James Plousis, chairman of the New Jersey Casino Control Commission, spoke about this new development to the media this week.

“The strength of internet gaming and the safe return of tourists to Atlantic City are a powerful combination,” he said. “Last week’s lifting of casino capacity restrictions bolsters confidence for a strong recovery this summer.”

The next few months will likely be even more successful for the gambling industry in Atlantic City. Summer tends to be the most successful season for major casino destinations. With the lifting of many restrictions, Atlantic City will likely set records from its tourism industry.

Atlantic City’s Q1 revenue figures are certainly exciting. We’ll be sure to continue offering updates on the gaming industry here as the year goes on!

Las Vegas Casinos Remove Most Major Restrictions

Atlantic City is certainly one of the biggest gaming industries in the country. Of course, Las Vegas is still the king of the casino hubs. This city is home to a massive number of world-class casino resorts, all of which are now working to bring in more players.

Some big changes have been taking place in this city over the past few weeks. First, many of these casinos were given permission to operate at 100% capacity again. This was a crucial step to get the industry fully recovered.

Next, Governor Sisolak announced that vaccinated individuals would no longer need to wear masks. As a result, most of the casinos in this city removed their mask mandates. It’s bringing back a sense of normality here.

More restrictions are being lifted as time goes on. A new variety of entertainment options are about to become available here. Many are also excited about the grand opening of Resorts World Las Vegas on June 24.

At $4.2 billion, Resorts World LV is the most expensive casino-resort ever built in the city. Reservations will not become available until June 25. Many expect this property to draw in a huge amount of tourists.

Are you surprised to see where Atlantic City’s Q1 revenue figures stand? How do you think the city will fare throughout the rest of 2021? Let us know in the comments section below!

New Jersey’s Casino Revenue Surged Over 2021’s Q1

Atlantic City Casinos

New Jersey is still the largest gambling hub in the Eastern United States. The casino industry here has been improving significantly over the past few years. Reports have now confirmed that New Jersey’s casino revenue surged over the year’s first quarter.

It’s fantastic news for the casino companies operating in the state. Analysts are now predicting that gaming revenue will continue increasing as the year goes on. Now is the perfect time to talk about what has led to this state’s gambling industry improving so quickly.

Let’s get into it!

Casino Companies Continue to Invest in Atlantic City

The US is home to a huge number of major gambling hubs. Some are known to be bigger and more successful than others. Atlantic City has been a popular gambling destination for years and is now home to many world-class casino-resorts.

Gambling revenue began to steadily decline here in March of 2020. For months, all of the casinos in this city were forced to shut down. Even with the state’s regulated online gambling industry, revenue figures remained extremely low.

Casinos here were given permission to reopen in June of last year. The companies operating casinos here have been working to bring in visitors ever since. Some are choosing to undergo major renovations as a way to attract more players.

That includes the Ocean Casino-Resort. The owners of this property recently announced they will soon pay $15 million for a major renovation. The casino floor and several outdoor amenities will be improved significantly over the next few months.

Caesars is also investing an astounding $400 million into its casinos by the time 2023 comes around. This massive gaming operator clearly feels that this city will recover in a big way over the next few years. This news ended up raising Caesars’ stock price.

2021 is already proving to be an extremely successful year for the gambling industry here. We’re now beginning to hear about how much money the casinos here have already brought in.

Here’s a Look at New Jersey’s Casino Revenue in 2021’s Q1

2020 proved to be the worst year for the country’s gambling industry in history. We’ve never seen casinos across the nation forced to shut down for months at a time. It was an unprecedented situation and had a serious impact on the industry that will be felt for years.

Things are beginning to bounce back in a big way. Casino companies are finally starting to report impressive revenue figures on a monthly basis. It’s an exciting time for the gambling operators in the city of Atlantic City.

Reports on New Jersey’s casino revenue are now being released. The casinos in this state managed to bring in an incredible $993.7 million over the first three months of the year. This marks the best quarter for the state’s gambling industry in history.

Bill Miller, President and CEO of the American Gaming Association, spoke about this new development to the media this week.

“Today’s report shows gaming’s comeback is ahead of schedule,” Miller said. “Throughout the COVID-19 pandemic, our industry has faced numerous challenges head-on while still reopening responsibly and providing a safe, exciting environment for customers. The gaming industry is generating these impressive results with one hand tied behind our back as capacity and amenity restrictions remain across the country.”

All of the casinos in this city have been reporting major increases in their visitation rates. Online gambling also seems to be surging throughout the state.

If all goes according to plan, the year’s second quarter will be even more successful for the state. Stay tuned for updates on the revenue situation here!

Tourism Rates are Beginning to Surge in Las Vegas

The city of Las Vegas was impacted more than any other city by the events that unfolded in 2020. The pandemic showed how vulnerable much of this city’s economy really is. The tourism industry was shut down for much of the year and is just finally beginning to recover.

It now appears that this summer will be one for the ages in Las Vegas. A huge number of people have been stuck at home for the past year. Many are looking forward to taking part in the festivities Las Vegas is beginning to offer.

Many are also looking forward to the opening of Resorts World Las Vegas. This gambling cost $4.2 billion to construct. That makes it the most expensive casino-resort ever built in the city. It’s officially slated to open its doors on June 24.

Tourism numbers are already increasing in this city. Hotel-casinos across Las Vegas are already reporting a massive surge of visitors. When nightclubs and more amenities begin opening around the city, tourism rates will continue to increase.

There are some big changes coming to Las Vegas over the next few months. Many of the biggest casino-resorts in this city are already operating at 100% capacity. We’ll be sure to report on the revenue figures here throughout the rest of the year.

Are you surprised to see where New Jersey’s casino revenue stands right now? Let us know in the comments section below!

Hard Rock Atlantic City Announces Plan to Invest $20M in Renovations

Casino Slot Machines, Hard Rock Atlantic City Logo
Hard Rock Atlantic City announced on Monday plans to spend at least $20M in capital improvements, the bulk of which will be allocated to suite renovations.

In a press release Hard Rock Atlantic City president Joe Lupo said:

“The commitment of these capital dollars from our ownership proves their devotion to enhancing our guest experience, along with the revitalization of Atlantic City and our property which opened after a $500 million renovation less than three years ago. Our growth over the past year during unprecedented circumstances speaks to guests’ trust in our property and enjoyment of their experiences, which we will continue to evolve and improve.”

Another $20M

Hard Rock International acquired the former Trump Taj Mahal from Carl Icahn for just $50M in 2017. The Seminole Tribe of Florida owned casino company then spent over $500M to transform the India-themed Atlantic City casino into a Rock n’ Roll themed gaming resort destination.

Three years later, Hard Rock International will be spending another $20M into its Atlantic City casino property. Aside from the renovation of suites, the company announced plans for the opening of a Starbucks outlet in May, new dining options, and new outdoor beachfront amenities.

Majority to Be Spent on Suite Renovations

However, majority of Hard Rock’s latest investment to its Atlantic City casino will go to the renovation of 66 Celebrity and 25 Roxy suites. Additionally, all standard rooms will be upgraded with flat-screen televisions and LED lighting.

Additional gaming units will be created in the Asian and High Limit areas after a high demand which saw seven consecutive months of gaming revenue growth. The Atlantic City casino will also expand its main casino floor by bringing in additional slot machines and table games.

Other Investments in Atlantic City

Aside from Hard Rock, other Atlantic City casinos are also spending big bucks to upgrade their facilities. The Ocean City Casino recently announced a $15M renovation plan while Caesars Entertainment is looking to add three new restaurants, a new spa, and a renovated lobby bar as part of its $400M pledge to New Jersey gambling regulators. Bally’s is also spending $90M on the Atlantic City casino it acquired from Caesars last year.

2020 was a difficult year for the nine Atlantic City casinos as it was for the entire gambling industry. The pandemic caused operating profits to plunge to as much as 80%. Online gambling and mobile sports betting were able to help them hold the fort. But with the outlook for 2021 optimistic, Atlantic City casino owners are preparing for better economic conditions ahead by investing in their respective properties.

Caesars Entertainment Unveils $400M Atlantic City Investment Plan

Atlantic City Casinos

When Caesars Entertainment merged with Eldorado resorts last year, the New Jersey Casino Control Commission or CCC put a big stipulation before signing off the merger. And that stipulation was for the company to invest a total of $400M in its Atlantic City casinos over a three-year period.

On Wednesday, Caesars Entertainment unveiled the details of that investment, which includes remodeled room towers, new restaurants and amenities, and more. The investment will kick off with a a $170M renovation that is expected to begin this summer.

Per Caesars President and Chief Operating Officer Anthony Carano in a press release:

“These exciting plans … will revitalize Caesars’ brand of hospitality, and will continue to position Harrah’s, Tropicana, and Caesars Atlantic City as leading resorts in the market. We remain bullish on Atlantic City, and this commitment will further position us for long-term growth and success.”

$170M Kick Off Renovation

The projects kick off with a $170M renovation of 600 guest rooms and suites at Caesars Atlantic City and Harrah’s Resort in Atlantic City.

According to the press release, the new room design at Caesars will feature a modern Roman aesthetic. The inspiration for the design was drawn from the local scenery in Atlantic City. These include beaches, the ocean, the boardwalk, and will feature hues of blue and cream accent colors that will be paired with contemporary furniture.

As for Harrah’s, its new design will display “rich elements that are fun, lively, and vibrant”. This theme will play off the resort’s sophisticated Marina District location. The refreshed rooms for Harrah’s Atrium Tower as well as Caesars’ Centurion and Ocean Towers will be open this summer.

Part of CCC’s Approval of Eldorado Merger

Caesars $400M investment in Atlantic City is part of the CCC’s approval of the merger between Caesars Entertainment and El Dorado. Apart from the required spending, Caesars was required to sell off one of its Atlantic City casinos to ease monopoly concerns. As a result, the company sold Bally’s to Twin River Worldwide Holdings in Rhode Island last year for only $25M.

Aside from Caesars and Harrah’s, the company also operates the Tropicana at the Boardwalk. Each of the three casinos are owned by VICI Properties, which is Caesars real estate investment trust or REIT. Caesars pays VICI annual rent to lease all operations inside the casino properties.

Here’s What We Know About the Ocean Casino Renovation!

Ocean Casino Resort AC

Atlantic City’s casinos are currently preparing for a major surge of visitors. Many of them are now looking at ways to take advantage of this new tourism boom. Today, we’ll discuss the news of the Ocean Casino renovation!

The Ocean Casino-Resort is one of the most popular gambling venues in Atlantic City. A lot has been going on with this property lately.

Here’s what you need to know!

Atlantic City’s Gaming Industry is Poised for a Major Comeback

Atlantic City’s casino industry was essentially shut down back in March of 2020. This proved to be a devastating decision for the city’s economy. The closure of all casinos here resulted in thousands of job losses and huge revenue declines.

The casino companies here have been eagerly waiting for things to bounce back. Fortunately, online gambling platforms here have helped to make up for some of the land-based losses. Overall, gaming revenue in Atlantic City dropped by 80% over the course of 2020.

This was never going to last forever. City officials have been working hard to boost tourism rates in the city over the past six months. Things have been slowly improving throughout 2021 and analysts expect this summer to be very successful for the casinos here.

There are some good indicators that this is already taking place. Over in Las Vegas, for example, tourism rates have been steadily increasing over the past few months. Casino companies here have been seeing big increases in their gaming revenue and hotel occupancy levels.

Several other small casino destinations have been seeing their gaming revenue figures increase, too. It’s an exciting time for the industry. The country’s biggest gambling hubs are expected to see pre-pandemic levels of tourism as the months go on.

We’re seeing many casino renovations take place around the country. One has just been announced to take place at one of Atlantic City’s most popular gambling venues!

A $15 Million Ocean Casino Renovation Has Been Confirmed

Atlantic City is home to some of the most popular gambling venues on the East Coast. For more than a year, the casinos in this New Jersey casino hub have been struggling. As we just mentioned, it appears that things are set to improve here in a big way.

The Ocean Casino-Resort in Atlantic City has been making some big changes lately. This venue recently began increasing its operating hours and deals. The Ilitch family sees potential with this casino and recently purchased a major stake in it.

Today, news broke that this casino-resort will soon go under a major renovation. The owners have pledged to invest $15 into renovations of this property. It’s a huge move and one that should help to attract more visitors.

The Ocean Casino renovation will help to upgrade the casino floor and outdoor amenities including the swimming pool, cabanas, and beach area. A brand-new high-limit gaming area will be added, as well as several new guest lounges. Terry Glebocki, Ocean Resort’s CEO, spoke about the plans to the media this week.

“As restrictions are lifted and we begin reopening additional areas of our business, I am thrilled at the opportunity to present our guests with an evolving gaming experience that’s unique to the market,” he said. 

2021 is shaping up to be a massive year for this property. Ocean Casino was the only gambling venue in Atlantic City to increase its gross operating profits last year. It seems likely that it will set new records this year. Stay tuned for more updates on this venue over the next few months!

NJ’s Sports Betting Handle Increased Again in March

New Jersey’s casinos have been struggling for more than a year. That doesn’t mean the entire gambling industry here is hurting, though. This state has quickly developed the largest sports betting market in the country.

Here, both land-based and online sports betting is legal and regulated. As a result, many sports fans in New York cross into the NJ border to make bets on their favorite teams. This has helped to boost revenue as the months go on.

This past February, New Jersey’s sports betting handle dropped for the first time in months. It was a surprise for many when considering the Super Bowl took place that month. Most felt that a handle increase would be seen in March.

That prediction turned out to be correct. Reports have confirmed that New Jersey saw $859.6 million in sports betting handle last month. The New Jersey Division of Gaming Enforcement reported $60.8 million in taxable sports betting revenue.

Many are waiting for the handle here to surpass $1 billion. It’s come close on several occasions. As tourism increases, the odds of this taking place go up. It seems likely that this summer will be hugely successful for the sports gambling industry here.

Are you excited to hear about the Ocean Casino renovation? Do you plan on visiting this property this year? Let us know in the comments section below!

Atlantic City’s Casino Revenue Fell by Over 80% Last Year

Atlantic City Casinos

The US casino industry is still in a precarious position. Fortunately, things appear to be improving in most parts of the country. We are continuing to hear more about how devastating the events of last year were for this industry, though. New reports have surfaced that shed light on how much Atlantic City’s casino revenue fell in 2020.

Today, we’ll discuss the revenue figures here. We’ll also talk about how Atlantic City is faring through 2021.

Let’s get into it!

Tourism Numbers are Increasing in Major Casino Hubs

A huge number of US industries have taken massive revenue hits over the past year. Essentially any business that relies on tourism has been suffering. The casino industry, in particular, saw massive revenue declines over the past year.

There have been many reports on these fluctuating revenue figures. Cities such as Las Vegas and Atlantic City were simply unprepared to see their tourism industries come to a screeching halt. To make things worse, no one knew when things would begin to recover.

It’s now clear that this industry is beginning to recover. There has been a major surge of tourism into Las Vegas over the past couple of months. Interestingly, the city is seeing a huge increase of visitors over the age of 50 lately.

Atlantic City is seeing its tourism industry bounce back in a major way, too. The casinos here have been adjusting their hours as a result of this new surge. The entertainment options are increasing and new travel deals are appearing.

It will likely take years for Atlantic City to completely recover. There is a lot happening in this city that will help to speed up this recovery. Several major companies are now choosing to invest in the casino industry here with hopes of seeing a major revenue surge over the next few months.

As the months go on, we’re starting to hear more about the effects that 2020 had on different casino hubs. Here’s a look at how much revenue Atlantic City lost last year.

Here’s How Much Atlantic City’s Casino Revenue Dropped in 2020

Between March and July, the casino industry in Atlantic City was completely shut down. Governor Phil Murphy did not allow any land-based gaming venues to open their doors. Doing so would have likely resulted in a spike in infections.

Officials in Atlantic City immediately began complaining about the regulations set in place. Tens of thousands of individuals were left without work due to the casino shutdowns. Many businesses were forced to shut their doors, too.

New reports have just surfaced that show Atlantic City’s casino revenue dropped by an astounding 80% over the course of 2020. Overall, the casinos here reported $117.5 million in gross operating profits last year. That is down considerably from the $594 million earned the year prior.

James Plousis, chair of the New Jersey Casino Control Commission, spoke about this situation to the media this week.

“Atlantic City and its casinos endured their most challenging year in history,” he said. “Yet, through responsible management, the casinos proved that in-person gaming could happen safely. As tourists return to the shore, they can have every confidence Atlantic City is safe for the summer.”

Plousis is correct in his assertion that Atlantic City is poised for a comeback. As we mentioned earlier, gaming revenue here is gradually increasing throughout the year. As vaccine distribution increases, tourism will surge and the economic situation here will improve. Stay tuned for updates!

2021 is Shaping Up to be Huge for the US Sports Betting Industry

The casino industry may take years to completely recover. Things are beginning to recover in a big way, yet no one can accurately say when this will be completely recovered. The sports betting industry, however, continues to surge.

The US Supreme Court struck down PASPA back in May of 2018. This decision gave every state in the country the ability to legalize sports betting. More than half the country has already chosen to do so.

It seems as if 2021 will be the most successful year for the sports gambling industry to date. All professional sports are up and running again and fans are beginning to be allowed back inside arenas. There are likely to be millions of Americans that choose to bet on sports for the first time this year.

February ended up being a poor month for this industry. Winning Super Bowl bets led to revenue declines for many states. March is expected to be a fantastic year for this industry and many expect states to set new records.

Atlantic City’s casino revenue is beginning to increase. The sports betting industry set in place here will help to make up for some of the losses. It is finally looking like the gambling industry is ready to recover.

Are you surprised to see how much casino revenue dropped in Atlantic City last year? Let us know in the comments section below!

Ilitch Family Purchases Stake in Ocean Casino Atlantic City

Ocean Casino Atlantic City

Atlantic City is slowly but surely recovering. Casino companies here are now working hard to bring in more players from around the country. According to new reports, the Ilitch family has agreed to purchase half of the Ocean Casino Atlantic City. 

This venue has been operating in Atlantic City for less than a decade. Its owners are hoping for a successful summer this year. Today, we’ll discuss what exactly is happening with this property. 

Let’s get into it!

New Jersey’s Casino Industry is Beginning to Bounce Back 

New Jersey has been home to a successful casino industry for decades. Back in 2008, however, this industry took a massive blow. The economic crisis hit Atlantic City hard and several popular gaming venues were forced to close their doors here. 

In recent years, this city has been experiencing a revival. The legalization of sports betting here in 2018 seemed to bring new life to the city. Tourism numbers continued to increase for years and gaming revenue was on a steady incline. 

In March of 2020, Governor Murphy ordered all of the casinos in New Jersey to close their doors. These gambling venues remained closed for months. It wasn’t until summer that the casino industry in New Jersey began to open back up again. 

Casino revenue in the state has remained low. Fortunately, New Jersey has a regulated online casino industry set in place. Even with this additional money, however, the casinos in the state have been hurting badly. 

Some analysts now believe that this summer will prove to be an extremely successful one for Atlantic City. As more vaccines are administered, travel is ramping up around the county. Many are making the trip to major gambling hubs such as Atlantic City for some relaxation. 

That is great news for the companies operating gaming venues here. We’re now hearing more about a major organization making the move into this city. 

Here’s What is Going on With the Ocean Casino Atlantic City 

Atlantic City is home to many of the biggest and best casino-resorts on the East Coast. Some of these properties have been around for decades. Others are fairly new. All of these properties are hoping for a successful summer. 

The Ocean Casino Atlantic City opened its doors to the public in 2018. Before that date, this venue was called the Revel Casino Hotel Atlantic City. The thought was that a major rebranding would help to bring more players to this venue. 

That hasn’t necessarily been the case. Ocean Casino Resort has been one of the worst-performing properties in the city. Some major changes were made in 2019 that seemed to be helping to improve things. 

This week, news broke that the Ilitch family had agreed to purchase half of the ownership of this venue. The Luxor Capital Group, which currently owns this venue, has agreed to sell the half this year. The company released a statement expressing excitement about this deal to the media this week. 

“We are extremely excited about the proposed investment by the Ilitch organization, which, if approved, will give Ocean access to growth capital and provide a strategic partner to Luxor,” the statement said. “We look forward to continuing to grow Ocean in partnership with the Ilitch organization for years to come.”

The Ilitch family owns several major sports teams, a pizza chain, and a major casino in Detroit. The organization now sees potential in the recovering New Jersey casino industry. We’ll be sure to offer more details on this sale over the next few weeks! 

Las Vegas Casinos are Seeing a Boom in Visitors

Atlantic City is far from the only major casino hub to face difficulties since 2020. The entire land-based casino industry shut down at that time. No city has been as economically challenged as the city of Las Vegas. 

Las Vegas is known for being home to some of the most expensive casino-resorts on the planet. That includes properties like The Bellagio, The Cosmopolitan, and The Wynn Las Vegas. All of these venues have seen massive revenue declines since March of 2020. 

Fortunately, there has been a major surge in tourism in this city. Reports are indicating that an older demographic is now making the journey into Las Vegas. Things are improving and this summer should be a successful one for the gaming industry here. 

As many are aware, some exciting new venues are coming to this city that should help to boost tourism, too. That includes the newly-opened Virgin Hotel-Casino. This property opened recently and has been a hit with both locals and tourists. 

Resorts World Las Vegas is finally opening its doors to the public this summer. It cost $4.2 billion to construct, making it the most expensive gaming venue ever built in the city. This property is expected to be one-of-a-kind. We’ll be sure to offer updates on this property once its opening date draws closer! 

Are you surprised to hear the Ilitch family purchased a stake in the Ocean Casino Atlantic City? Let us know in the comments section below!