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!

Bally’s and FanDuel Open Retail Sportsbook in Atlantic City

Ballys Atlantic City

A new retail FanDuel sportsbook opened at the Bally’s Atlantic City Hotel & Casino in New Jersey last Friday, just in time for the start of college basketball’s March Madness later this week. It is open from 10:00 a.m. – 12:00 a.m. with extended hours as needed to accommodate particular sporting events.

Said George Papanier, Bally’s Corporation President and Chief Executive Officer:

“The new FanDuel Sportsbook at Bally’s AC is the fifth retail sportsbook we have opened in the last couple years. We now operate sportsbooks in Rhode Island, Colorado, Delaware, Mississippi, and New Jersey – we are thrilled to be in this market and to give our guests an incredible sportsbook experience, right off the boardwalk and our gaming floor.”

First FanDuel Sportsbook in Atlantic City

The venue is FanDuel’s first in Atlantic City and its second-biggest in the state after the Meadowlands Racetrack. It is located by the Northern boardwalk casino entrance and features a 25-foot-wide state of the art LED video wall which is flanked by two 10-foot LED video walls on each side with 10 video displays.

It has five betting windows and 20 IGT PlaySports self-service sports betting kiosks that accept bets on major U.S. sports, including wagers on the four major North American pro sports leagues. FanDuel will offer its proprietary risk and trading technology to leverage IGT PlaySports’ platform.

The FanDuel sportsbook at Bally’s Atlantic City has a curated food and beverage menu with a modern pub-style fare. Guests can also enjoy a wide selection of craft and local beers along with specialty cocktails.

Bally’s Partnership with FanDuel

Bally’s partnership with FanDuel began last May with the launch of an online sportsbook in Colorado. Their alliance combines Bally’s nationwide experience in casino and gaming operations with FanDuel’s expertise in the sports betting industry.

This latest venture is the 16th retail sportsbook for FanDuel in the United States. Meanwhile, Bally’s has a total of 11 owned casinos across seven states. It also owns a racetrack and 13 authorized OTB licenses in Colorado. Overall, Bally’s has a total of 13,260 slot machines, and 459 table games.

During the first week of March, Bally’s became an official sports beting partner of the NBA, marking its second partnership with a major professional sports league. The deal was a strong follow-up to its recent strategic partnership with the NHL.

Atlantic City’s Tourism Rates Could Soon Begin to Surge

Atlantic City Casinos

Atlantic City, like all other major casino destinations, is continuing to work on bringing in more tourists. It hasn’t been easy lately, yet there are some signs that things are beginning to improve. New reports claim we could see a major surge in Atlantic City’s tourism rates soon.

That’s fantastic news for the casino companies here. Many of the other non-gaming businesses that rely on tourism have reason to be excited. Today, we’ll discuss what will help Atlantic City bring in more visitors.

Here’s what we know!

New Jersey’s Sports Betting Industry is Still Thriving

New Jersey was one of the first states to formally legalize sports betting after PASPA was struck down in mid-2018. This has proven to be a fantastic decision for the state. This industry is helping to bring New Jersey an extraordinary amount of revenue each month.

Amazingly, these revenue figures seem to be increasing. The state set new sports betting handle records throughout 2020. It now seems destined to do the same in 2021. January proved to be a very successful month for the casinos in Atlantic City that operate sportsbooks.

These sportsbooks managed to bring in a total of $86.2 million in revenue that month. In total, $958.7 million was placed on sports in January. That includes both land-based and online sports wagers. The latter is proving to generate far more revenue.

New Jersey is now closing in on a historic $1 billion sports betting handle. Most analysts now feel that this state is the sports betting capital of the US. It is drawing in a huge number of sports bettors from New York who only need to cross into the New Jersey border to make bets on their favorite teams and players.

New York is currently looking into the legalization of online sports betting. This would likely result in a slight drop in New Jersey’s monthly revenue figures. It will take a lot for any state to surpass New Jersey’s industry, though.

Sports betting is helping many companies in New Jersey cope with the drop in tourism. Fortunately, it seems that a surge of new visitors to this city could be just around the corner.

Here’s Why Atlantic City’s Tourism Rates Could Soon Increase

Atlantic City is a city that relies heavily on tourism. When the casinos shut down in March of 2020, many of the businesses here immediately began to suffer. Tourism rates have been slowly increasing here over the past few months.

Land-based revenue is still far behind what it should be, though. Casinos are doing what they can to change this trend. Until the city sees a major surge of tourism, however, the revenue earned from brick-and-mortar casinos will remain low.

There are many that now believe tourism rates in Atlantic City are about to surge. Recently, Stockton University’s Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism conducted a poll asking people if they planned to visit Atlantic City. The results are giving the companies in this city reason to celebrate.

More than 70% of those polled revealed they expected to make a trip to this city in 2021. Over 42% claim they have already made a trip here. As more restrictions are lifted, more people around the country are becoming interested in visiting this casino hub.

Jane Bokunewicz, one of the coordinators of this poll, offered some insight into what is leading to this tourism boost.

“The casinos and other dining and entertainment venues have done a good job implementing COVID-19 safety measures while also still providing the experiences visitors expect when they come to Atlantic City,” she said. “Even as restrictions are gradually lifted, and more people get a vaccine, the venues will still have to demonstrate that they are taking all necessary precautions to make visitors feel welcomed and safe.”

Will Atlantic City see 2019-level tourism rates soon? Probably not. If all goes according to plan, however, there will be a significant boost in tourism here over the next few months.

Las Vegas Casinos Prepare for Easing of Restrictions

Atlantic City isn’t the only major casino hubs with high expectations. Over in Las Vegas, casino companies are preparing for a new wave of tourism over the summer. If all goes according to plan, Governor Sisolak will once again announce a new easing back of the regulations here.

This is looking more likely every day. In mid-February, Sisolak began allowing casinos in Las Vegas to begin operating at 35% capacity. Restaurants can also now begin operating without requiring reservations.

Sisolak continues to ease back on restrictions. Much like Atlantic City, this is resulting in a major tourism boom. If infection rates continue to drop, many of the most popular entertainment options in Las Vegas will be given permission to resume, as well.

There are some exciting venues scheduled to open their doors in this city soon. That includes the Virgin Hotel-Casino. Virgin has invested a tremendous amount of money into this casino and hope its opening will help to boost tourism in las Vegas.

Resorts World Las Vegas will be opening its doors this summer. At $4.2 billion, it is the most expensive casino-resort even built in Las Vegas. There will be many interested in seeing this new venue open after years of construction.

Do you expect to see tourism rates in Atlantic City increasing soon? Let us know in the comments section below!

Bally’s Casino in Atlantic City is Briefly Shutting Down

Ballys Atlantic City

Atlantic City’s casino companies are working extremely hard to bring in tourists right now. Unfortunately, each of the casinos in the city has to go through maintenance work from time to time that forces shutdowns. New reports claim that Bally’s Casino in Atlantic City is being forced to close its doors next week for more than a day.

This popular casino-resort has some work that needs to be done. As a result, no guests will be allowed inside the casino floor. Now is a perfect time to talk about what is happening with this casino and the company that owns it.

Let’s get into it!

Atlantic City’s Revenue Declines Continue in 2021

The economic situation in Atlantic City has been sub-par for nearly a year. Back in March, all of the casinos in this city were ordered to shut down. That’s a tough blow for a city like this one that relies heavily on its tourism and gambling industry.

As the casinos shut down, tourism stopped flowing in and gaming revenue began to plummet. It wasn’t until July that any of these casinos were given permission to reopen. Once they did, tourism rates in the city only slowly began to increase.

Things have not improved in a major way. Heavy restrictions are still set on all of Atlantic City’s casinos. As a result, tourism numbers remain lower than what was seen in 2019. The economic situation here is still far from ideal.

Atlantic City’s gambling industry has some ways to cope with this situation, though. The casino companies here are able to legally offer online casino and sports betting options. This is helping to bring in some much-needed revenue at this time.

Online sports betting has proven to be extremely valuable for the city. In fact, New Jersey is now home to the largest sports betting industry in the United States. The state set several new sports betting handles throughout 2020 and will likely do the same this year.

Land-based casinos in Atlantic City are still hurting. News has just come out that one of the most popular gaming venues here will soon be closing down for a brief period of time.

Bally’s Casino in Atlantic City Confirms Upcoming Shutdown

Major casino resorts act as adult playgrounds. Much of their appeal comes from the fact that they remain open 24/7. Visitors to Atlantic City love having the option to play their favorite games at any time.

Obviously, these casinos try to never shut down. Even temporary closures can result in huge revenue losses. Sometimes, however, it’s required. That is exactly the case with Bally’s Casino in Atlantic City.

Reports have confirmed that this popular casino-resort will soon close its doors to the public for 30 hours for a technology update. This will begin at 8 pm ET on Tuesday and will end at 10 am on Wednesday.

The New Jersey Division of Gaming Enforcement confirmed this news. An official within the NJ Attorney General’s office spoke about this situation to the media.

“[The shutdown was approved] to perform data system upgrades. Based on information received from Bally’s, (it) will accommodate a complete IT overhaul to modernize all electronic gaming devices and systems,” the official said.

This will likely end up costing Bally’s a substantial amount of money. The owners of this venue would not make this decision if it wasn’t necessary, though. It seems Bally’s Casino AC will soon be getting some exciting new games and devices.

There is a lot going on with casino companies around the United States. Some of the ones in Las Vegas are excited to hear about a possible loosening of restrictions.

Governor Sisolak Prepares to Ease Restrictions

Atlantic City is without a doubt one of the country’s most popular gambling destinations. There are a huge number of world-class gambling venues operating here. The sports betting options here are also helping to bring in money each month.

There’s no doubt that Las Vegas remains the world’s biggest casino hub, though. This city is still home to some of the country’s biggest and most popular casino-resorts. Like Atlantic City, however, these casinos have been struggling for almost an entire year.

Things may soon improve. This week, Nevada Governor Steve Sisolak announced he will soon begin loosening restrictions toward gatherings. That could be a game-changer for the casinos struggling to bring in players right now.

Soon, the Governor is expected to begin allowing gatherings of up to 35% capacity. If all goes well, he will then allow 50% capacity. Night clubs will remain closed until at least May 1, he tells the media.

“While we are hopeful that trends will continue to decrease if all mitigation measures are followed, we must remain flexible – as we have done all along,” Sisolak said. “We will continue to monitor data trends throughout this timeline and work closely with counties and local health authorities to evaluate next steps should a significant increase begin to occur.”

Loosening these restrictions could help to bring a major surge of tourism into Las Vegas. Nothing has been made official yet. Expect to hear more about these regulations being lifted over the next few weeks.

Do you plan to visit Bally’s Casino in Atlantic City this year? Let us know in the comments section below!