Atlantic City’s Ocean Casino is Making a Serious Comeback

Atlantic City is now considered one of the premier destinations in the United States. For years, Ocean Casino has been considered one of the worst gambling venues in the city. Recently, however, this hotel-casino has been posting some impressive revenue figures.

View Over Atlantic City

Owners of this venue are insisting that they’re not going anywhere. Today, we’re going to take a quick look into Ocean Casino’s recent revenue surge. Let’s get into it!

Atlantic City Continues to Bring in Major Revenue

About a year ago, Atlantic City was struggling to bring in any visitors. The recession had taken a major toll on this city and many of the top casinos here were forced to close down. Some felt that the city’s gambling industry was permanently destroyed.

Fortunately, this was not the case. Over the past decade, this city has slowly recovered. There are now many casinos here, most of which are bringing in massive revenue figures every single month. Some attribute this recovery to the city’s legalization of sports betting.

New Jersey was instrumental in getting PASPA struck down. It was the first state aside from Nevada to make sports betting legal. This form of gambling has become extremely popular here and attracts many visitors from states such as New York and Massachusetts.

For almost all of 2019, gambling revenue has increased in this city. Some of these casinos have managed to stand out from the rest of the pack. The Borgata Hotel & Casino, in particular, brings in millions more than any other gambling venue every single month.

Ocean Casino is consistently one of the lowest-earnings gambling venues in Atlantic City. Recently, it’s begun to make a comeback.

Ocean Casino Beings to Generate More Revenue

As we just mentioned, Ocean Casino is one of Atlantic City’s poorest-performing gambling venues. Almost every single month, this hotel-casino makes less than all others in the city. Over the past three months, however, it’s experienced a surge in gambling revenue. Owners are claiming that it’s a trend that will continue.

This establishment has seen double-digit revenue increases in July, August, and September. It appears that October’s revenue increased massively as well. Some are beginning to wonder if this venue will become one of Atlantic City’s next major casino resorts.

Mike Donovan, senior vice president and chief marketing officer of Ocean Casino, commented on these revenue figures to the media this week.

“If you look at our numbers, they speak for themselves,” he said. “We’re going to keep doing what we’re doing and build on the success that we’ve had this year. Ocean is going to be here for a long time.”

It’s amazing news for owners of this casino. There’s a lot to be excited about.

This year, Atlantic City and Las Vegas have been competing over sports betting revenue. How’s this battle playing out?

Atlantic City Now Considered Sports Betting Capital of the US

Sports betting has been legal in New Jersey for more than a year. Today, every casino in this state offers sports betting odds. These casinos also operate online casinos which help to generate a huge amount of money every single month.

This summer, New Jersey surpassed Las Vegas’ sports betting revenue. It was a historic moment, leading many to wonder what the future of the US gambling industry would look like.

Some of the top gambling analysts in the country now believe Atlantic City to be the US sports betting capital. That’s tough to argue against, as revenue here continues to increase almost every single month. Even Ocean Casino is generating serious money from its sports gambling operations.

Hope is that sports betting helps to keep Ocean Casino’s operations up and running. It’s a fantastic casino and one that’s working hard to compete with the city’s big dogs.

Stay tuned for more Atlantic City gambling news over the next few weeks!

A New Atlantic City Loyalty Program is Being Unveiled

Atlantic City is growing to become one of the hottest gambling hubs in the country. A huge number of casinos are now operating here and gambling revenue continues to rise. This week, Ocean Casino Resort announced a brand new Atlantic City loyalty program to its players.

Ocean Casino Resort Atlantic City

It’s exciting news for fans of this hotel-casino. Today, we’re going to look at the details of this new program. We’ll also look at some of the other loyalty programs in Atlantic City available right now. Let’s get into it!

Gambling Revenue Continues to Increase in Atlantic City

Just a decade ago, Atlantic City was struggling to stay afloat. The recession had taken a massive toll on this city and forced many casinos, some of which had operated here for decades, to permanently close their doors. Things have taken a turn in recent years.

Today, Atlantic City is one of the most popular gambling destinations in the country. Several high-end casino resorts have opened here. In 2018, New Jersey legalized sports betting and every casino in AC now operates a land-based and online sportsbook. Some are investing millions to renovate and expand these sports betting areas.

The legalization of sports betting seems to have breathed new life into this city. New Jersey now earns millions of dollars every single month from its sports gambling operations.

For almost all of 2019, gambling revenue has increased in Atlantic City. In August, Atlantic City casinos brought in $286,480,341 in total revenue. Things are definitely looking great for gambling venues in this state.

Now, Ocean Casino Resorts is offering a brand new Atlantic City loyalty program. Hope is that it helps bring in more gamblers to the casino floor. Let’s look at what’s now being offered.

Ocean Casino Resorts’ New Atlantic City Loyalty Program

Casino loyalty programs are ways for casinos to reward players for their players for gambling. The more that an individual wagers, the better the rewards they can earn. Some casinos offer incredible perks to members of their loyalty programs including free tickets to shows and comped rooms.

There are several loyalty programs available in Atlantic City right now. Ocean Casino Resorts has just announced the details of its new program. The program will replace the current Ocean Rewards Club. On October 1st, the new Ocean WOW Rewards Club will officially become available.

Much like the previous rewards program, this one is multi-tiered. The more that members wager, the more points they accumulate and the higher they move up the tiers. Ocean Casino Resorts has revealed a Chairman tier for those who accumulate more than 300,000 points in a single year.

The previous tier brackets remain as follows: Blue (0 to 2,999 points), Gold (3,000 to 14,999 points), Platinum (15,000 to 74,999 points) and Black (75,000 to 299,999 points).

Some of the new benefits to this program include suite upgrades, a free cabana, and invitations to exclusive Chairman events. It’s exciting news for gamblers in Atlantic City!

This isn’t the only Atlantic City loyalty program available right now. Let’s look at some of the others.

Other AC Loyalty Programs Available Right Now

Just about every single casino in New Jersey offers its members a loyalty program. One that many love right now is the Star Cards Rewards program offers by Resorts Casino-Hotel. It’s a five-tiered program that offers a range of amazing perks.

Some of the rewards offered by this program include free room upgrades, priority front-desk check-in, free valet parking, and a complimentary birthday dinner!

Tropicana Hotel-Casino in Atlantic City (now owned by Eldorado Resorts) also offers a fantastic rewards program, called the TROP Advantage Players Club. The tier bracket for this hotel-casino can be seen below.

  • Green (0 Tier Points)
  • Copper (4,000 Tier Points)
  • Gold (20,000 Tier Points)
  • Platinum (100,000 Tier Points)
  • Black (450,000 Tier Points)

Members of this program can receive free slot play bonuses, free gifts, special discounts on food, and complimentary show tickets.

Atlantic City is home to many of the best casinos in the US. If you’re in this city, spend some time finding the Atlantic City loyalty program that’s right for you!

Stay tuned for more exciting Atlantic City casino news over the next few months!

New Sportsbooks in Atlantic City Casinos Revealed

Atlantic City is quickly becoming one of the hottest gambling hubs in the United States. With sports betting legal and regulated here, this city has never been more popular. Recently, several new sportsbooks in Atlantic City casinos were officially unveiled to the public.Sky View Of Atlantic City

It’s exciting news for sports betting fans on the East Coast. Let’s take a look at what new sportsbooks have come here. We’ll also look at some of the current betting odds on the NFL available right now.

Sports Betting in Atlantic City Continues to Grow

New Jersey was instrumental in having PASPA struck down last year. Before this, only Nevada was legally allowed to offer sports betting odds. Now, 13 states have legalized sports betting and 6 more have approved sports gambling bills. Atlantic City, New Jersey’s gambling hub, is benefiting massively from this industry.

For almost all of 2019, gambling revenue in Atlantic City has increased. Casino and sportsbook earnings continue to rise here. This is true for the month of August, in which the state’s sports betting platforms saw a massive surge in earnings.

According to new reports, New Jersey’s total revenue last month was $352.8 million. This represents a 16.1% revenue increase from the same month in 2018. Sports gambling brought in $25.2 million last month.

Online sports betting in New Jersey is proving to be the preferred method of wagering. New Jersey online sportsbooks use geo-targeting technology. They allow sports bets to be placed from anywhere within the state borders. Around 85% of all sports bets placed in New Jersey are now made online.

Resorts Casino & Hotel in AC is bringing in the most money right now. It brought in $6,697,318 last month. Interestingly, the Meadowlands Racetrack, located outside of Atlantic City, was the biggest earner at $9,269,586.

New Sportsbooks in Atlantic City Are Revealed

The start of the 2019/2020 NFL season was expected to bring in a surge of sports wagers. To prepare for this wave, several new sportsbooks in Atlantic City casinos were revealed. These multi-million dollar sportsbooks were opened to help bring in more bettors the state’s land-based casinos.

Caesars Entertainment and MGM Resorts International have both opened new high-end sportsbooks at their Atlantic City casinos. Caesars revealed its new Bally’s sportsbook on September 8th. This betting venue, called “The Book,” is a 15,230 square foot betting area featuring a massive 98-foot-wide by 18-foot-tall screen that features all major sporting events. It’s similar in size to the sportsbook inside the Caesars Hotel & Casino in Las Vegas.

MGM Resorts also opened its brand new 8,000 square foot sportsbook at Borgata. The “Money Bar & Book” features a 35-foot circular bar, 18 screens, and a VIP lounge. It’s one of the sleekest new sportsbooks in Atlantic City casinos today.

Scott Butera, president of interactive gaming at MGM Resorts International, commented on the company’s decision to center the new sportsbook’s atmosphere around entertainment instead of betting.

“Millennials want sports and sports betting to be part of the experience and not necessarily the whole experience,” he said. 

If you’re in Atlantic City, make sure to check these new gaming venues out!

NFL Odds Available Online Right Now

Want to bet on the NFL but aren’t located in New Jersey? Don’t sweat it! As we mentioned earlier, a number of other states have regulated their sports betting markets. There is also a wide range of amazing online sports betting sites available in every state around the country.

One of the best internet sportsbooks available throughout the country right now is Bovada. This site is known for offering safe payment options and a range of amazing odds. There are some fantastic NFL odds available through this site right now.

Members of Bovada can currently bet on the upcoming Thursday Night Football game between the Tennessee Titans and Jacksonville Jaguars. The Titans enter this game as the slight favorites with current odds of -120. Jacksonville enters the game with even odds.

There are a complete set of odds for every single game taking place this season. Head over to Bovada today to see some of the lines available right now!

There are several new sportsbooks in Atlantic City casinos. This city is already surpassing Las Vegas as the sports betting capital of the US. Perhaps in time, Atlantic City will surpass Las Vegas in casino revenue, as well.

Make sure to stay tuned for more Atlantic City gambling news over the next few weeks!

Hard Rock Atlantic City Voted Best Casino in AC

Atlantic City is now home to many of the most popular casino-resorts in the United States. Recently, Casino Player Magazine held a vote on which casino in this city was the best. Interestingly, Hard Rock Atlantic City took the top spot.

Hard Rock Cafe Logo

The Hard Rock Hotel & Casino in Atlantic City has been open for a little more than a year. It’s a tremendous accomplishment to earn the city’s top casino award. Let’s look at the results of this recent poll, and what other casino-resorts were close to winning.

Atlantic City Continues to See Revenue Increases

Just a few years ago, Atlantic City was struggling to bring in any money. The recession took a serious toll on this city, forcing many of the casinos here to permanently close their doors. In recent years, however, things have begun to turn around.

An improved economy and New Jersey’s decision to legalize sports betting has breathed new life into Atlantic City. Several major casinos have opened here in recent years. For almost all of 2019, gambling revenue in Atlantic City has increased.

Today, both online casino gambling and sports betting are fully legal and regulated here. All of the city’s land-based casinos operate internet and mobile betting platforms. Recently, the New Jersey Division of Gaming Enforcement announced that Atlantic City’s July revenue increased by 8% compared to the same time period last year.

Things are definitely going well in this city. Competition is extremely high, with each casino-resort working to out-do the others. Just recently, a popular casino magazine held a public vote to see which casino in Atlantic City is the best.

The results of this vote have now been made public.

Hard Rock Atlantic City Wins “Best Resort in Atlantic City” Award

As we mentioned earlier, the Hard Rock Atlantic City has only been open for a little more than a year. Previously, this casino-resort was called the Trump Taj Mahal. In the 90s, this was one of the most popular gambling establishments in the country. It also hosted a number of major combat sporting events, drawing in thousands of visitors from around the world.

In 2016, after significant financial difficulties, this casino announced it was officially closing its doors. Less than a year later, Hard Rock International announced that it was acquiring the casino. It re-opened as the Hard Rock Hotel & Casino Atlantic City in 2018 and proved to be extremely successful right away.

For most of 2019, the AC Hard Rock has been one of the biggest revenue earners in Atlantic City. The Borgata, however, has continued to bring in the most revenue for almost all of this year. The Hard Rock may not have made as much money as the Borgata, yet it’s just been voted the best casino-resort in Atlantic City.

Voters officially named Hard Rock Atlantic City the best overall gambling venue in the city. This casino-hotel also took first place for the best suites, spa, players club, and more. It’s a tremendous accomplishment for this casino and Hard Rock International as a brand.

Casino Competition Grows Around New Jersey

There’s no doubt that Atlantic City is the gambling hub of the US east coast. The huge number of nearby casinos and entertainment options has made Atlantic City one of the most popular gambling destinations in the country. Recently, several states near New Jersey have begun to expand their gambling industries.

Lawmakers in New York, who have been largely anti-gambling over the years, are finally beginning to recognize the huge earning potential from the gaming industry. In July of this year, sports betting was made legal here. A recently-approved bill also allows for more casinos to open in the state.

Massachusetts is also experiencing an increase in gambling revenue right now. Not long ago, Wynn Resorts opened the Encore Boston Harbor. It’s now one of the most lucrative casinos on the east coast.

It’s unclear exactly how this increase in nearby competition will affect Atlantic City’s gambling revenue. For now, it doesn’t seem to be having much of an impact. Gambling establishments here continue to bring in major earnings. In time, Atlantic City may compete with Las Vegas as the top gambling city in the US.

Make sure to stay tuned for more gambling news on Atlantic City over the next few months!

Borgata in Atlantic City Takes Phil Ivey’s WSOP Winnings

Phil Ivey is considered to be one of the best professional poker players in the world. Unfortunately, he’s in hot water with the Borgata in Atlantic City. This popular casino recently took all of Ivey’s winnings from the recent World Series of Poker event in Las Vegas.

Phil Ivey During World Series Of Poker Tournament

It’s disappointing news for the poker star. Let’s look at why the Borgata is taking his money.

Phil Ivey Caught Cheating at Major Casino

Phil Ivey is an American poker player from Riverside, California. He’s been competing in poker since the 1990s and has gained a status as one of the most talented players today. Ivey has already won 10 World Series of Poker bracelets during his career and was inducted into the Poker Hall of Fame in 2017.

Not everything is going well for Ivey, though. Despite a reported $26.3 million from professional poker, he’s been engaging in what’s known as baccarat “edge sorting” at one of the top casinos in the US. The Borgata alleges that in 2012, Ivey has used the banned strategy, which involves recognizing a slight flaw in the pattern of casino’s playing card, to win nearly $10 million.

This obviously didn’t sell well with officials at the Borgata. They sued Ivey, who claimed that what he did isn’t against the law, and instead proves that casinos have a flaw in this operating system. As you might expect, the courts sided with Borgata.

Interestingly, it’s not the first time that Ivey was caught using this strategy, in 2017, he lost £7.7 in a London casino for “edge sorting,” as well.

Phil Ivey is now forced to pay all of the money back to the Borgata in Atlantic City. The courts are also demanding that Ivey pay an additional $504,000 from the money that his accomplice made at the casino. Some of that money is already being paid back.

Borgata in Atlantic City Receives Ivey’s 2019 WSOP Winnings

With such a decorated poker career, there’s reason to believe that Phil Ivey has millions in the bank. According to Ivey, however, he has no money in his bank account. Borgata has been able to find one US bank account tied to Ivey, yet there’s no money in it.

It’s assumed that most of his money is located in bank accounts based outside the United States. Ivey is one of the heads of Virtue Poker, an online poker platform that uses blockchain technology to protect player’s winnings. It’s also possible that Ivey uses Bitcoin to hide his cash.

That isn’t stopping Borgata from getting their money back. The famous Atlantic City casino has officially seized the money that Ivey made during his run in the 50th World Series of Poker Event. Ivey managed to take 8th place during the event, taking in $124,410 for his efforts.

MGM Resorts quickly notified WSOP officials that the money was being taken away. They transferred the cash to the US Marshals Service, and later back to the Borgata in Atlantic City. Now he just needs to pay the additional $9,800,000 and all will be forgiven.

Online Poker Options Available in the US

It’s disappointing to see Phil Ivey in such hot water. Don’t be like him! More people are choosing to skip the trip to their local casino and instead are making their bets over the internet. Today, there are a huge number of amazing US casino websites that offer poker gaming options.

One of the most popular internet poker sites today is Bovada Casino. This website has grown extremely popular in the country thanks to its wide range of different games and safe payment options. Here, you can find all major forms of poker including Texas Hold’em, Omaha, and 3-card.

Bovada allows its deposits to be made using all major debit cards. Fees for these deposits are extremely low. This site only allows players to withdraw their winnings using Bitcoin. Fortunately for those new to Bitcoin, they offer an entire page that explains how to use cryptocurrencies to collect your winnings!

Borgata in Atlantic City is going to keep demanding that Ivey pay back the money he won. Whether or not the casino will actually receive this money is questionable. Make sure to stay tuned for updates on the situation over the next few months!

Atlantic City’s Gaming Revenue Dips in 2019’s Second Quarter

For more than a year, Atlantic City has experienced a huge surge in its casino gambling industry. The legalization of sports betting has brought new life to this city. Unfortunately, new reports indicate that Atlantic City’s gaming revenue dropped in this year’s second quarter.

Ariel View Of Atlantic City

It’s surprising, as earnings from the gambling industry have increased here for most of the year. Now is the perfect time to look at how this city’s gambling industry grew so much, and how much revenue fell in the second quarter of 2019. Let’s get started!

Atlantic City Becomes One of the Top Gambling Hubs in the US

Decades ago, Atlantic City was thought of as one of the hottest gambling destinations in the world. Many top casinos operated here, bringing the state of New Jersey thousands of dollars in additional revenue every year. Over time, this city began to decline.

Under the Indian Gaming Regulatory Act of 1988, Native American Tribes can legally operate casinos on sovereign land. Starting in the 90s, tribes began opening casinos around the country, including New York, Pennsylvania, and Delaware. This led to fewer people visiting the casinos in Atlantic City.

With tourism down, casinos in Atlantic City began to decline. When the Great Recession hit in 2007, Atlantic City was already struggling to stay afloat. The recession crippled the gambling industry, leading many casinos here to permanently close their doors.

Fortunately, things began to change in recent years. The economy has improved, and several major casino companies have opened gaming venues in Atlantic City. The state’s legalization of sports betting also helped to drive in gamblers from other states.

Today, Atlantic City is thought of as one of the hottest gambling hubs in the US. For months, many casinos in this city have managed to bring in huge amounts of money. Interestingly, Atlantic City’s gaming revenue has dropped over the past three months.

Atlantic City’s Gaming Revenue is Now Dropping

As we just mentioned, this city has experienced a huge surge in gambling revenue. Things seem to have taken a slight turn in the year’s second quarter. According to the Press of Atlantic City, casino revenue in this city is beginning to drop.

Between the months of April to June, state-wide gambling revenue here dropped by 6.8% compared to the same time period last year. Casinos here brought in $159.3 million during the year’s second quarter, $11.5 million less than 2018’s second quarter.

Borgata was the only casino in this city to see its revenue increase last quarter. Gambling earnings here rose by 4.7% compared to the same period in 2018.

James Plousis, Chairman of the New Jersey Casino Control Commission, maintains that net revenue is still increasing this year, despite the gaming revenue drop. Speaking to the media, Plousis maintains that the future of Atlantic City’s gaming industry is still strong.

“Results from individual casinos show the market was still adjusting to the new level of competition through the second quarter,” he said. “Next quarter will provide an opportunity to compare year-over-year results in Atlantic City’s nine-casino market.”

Casino Competition Gets Fiercer in the US

Some gaming analysts feel that the increase in casino competition is leading to Atlantic City’s gaming revenue decrease. Many states are beginning to embrace the gambling industry, including Pennsylvania.

Lawmakers in Pennsylvania recently approved ten new satellite casinos to open up. Penn National Gaming recently gained approval to open a new gambling establishment in York County. Hope is that these mini-casinos can help to bring the state more revenue.

Illinois is also working to revamp its gambling industry. Governor JB Pritzker recently approved a new bill that allows five new casinos to open here. A casino is set to be built in Chicago for the first time in history.

Atlantic City is in no danger of failing. This city remains one of the hottest gambling markets in the United States. It’s very likely that Atlantic City’s gaming revenue will increase once again during the year’s third quarter.

Make sure to stay tuned for more updates to this AC’s gambling industry over the next few months!

Atlantic City’s July Revenue is Up Nearly 8%

It’s been a year since two new casinos opened up in Atlantic City. Gambling earnings continue to soar here. This week, the New Jersey Division of Gaming Enforcement revealed that Atlantic City’s July revenue rose by almost 8%.

Hundred Dollar Bills

It’s fantastic news for casinos in this city. Today, we’re looking at how gambling revenue rose last month. We’ll also talk about which casinos earned the most money. Let’s get started!

Reports Show that Atlantic City’s July Revenue Surges

As we’ve already mentioned, gambling revenue in Atlantic City has steadily increased during each month of 2019. This small city has quickly become one of the top gambling hubs in the United States. Part of the reason for this is the legalization of sports betting.

In May of 2018, the US Supreme Court struck down PASPA, giving New Jersey the ability to make sports gambling legal. Lawmakers in the state quickly opened up the sports betting industry, giving new life to the casinos in Atlantic City. Today, each casino here offers sports betting odds for all major sporting events.

It’s clear that more people are choosing to gamble in Atlantic City. Gambling revenue has risen significantly in June. New reports indicate that casinos here earned $323 million, representing an increase of 7.8% from the same month in 2018.

As you might expect, some casinos here are earning more than others. Let’s look at which gambling venues here earned the most money in July.

Borgata Casino Brings in Most Revenue in July

The Borgata is the most popular hotel-casino in New Jersey. For most of 2019, this gambling venue has out-performed all others in Atlantic City. The reports from New Jersey’s Division of Gaming Enforcement show that the Borgata contributed the most to Atlantic City’s July revenue.

This casino managed to bring in $88 million in July. This includes revenue from both casino gambling and sports betting. It’s a massive 15% increase in earnings from July of 2018. Marcus Glover, President and CEO of the Borgata, gave a statement on the huge revenue earnings to the media.

“Playing lucky in table games, complemented by healthy July volumes, led to Borgata enjoying an all-time record in total gaming revenue,” he said.

The Ocean Casino Resort has struggled to generate revenue over the past two years. Fortunately, this gambling establishment managed to bring in $20.1 million in July, an 18% increase from the same month in July. Like the Borgata, Ocean Casino had its best-ever month in July.

Atlantic City Benefits From Regulated Online Gambling Market

New Jersey is one of the few states that regulated online gambling. For years, both online sports betting and casino gambling have been legal and regulated online. As a result, the state is earning millions in additional revenue.

In total, Atlantic City online gambling operators earned $5,907,523 last month. This money also helped to boost Atlantic City’s July revenue by 8%. Much like the land-based casinos, some of these gambling operators are earning more money than others.

The Golden Nugget casino managed to bring in the most money through its online gambling platform last month. It brought in $14,895,411 through its partnership with Betfair. After taxes, the online gambling site made $2,235,257.

There are many unregulated online gambling sites in New Jersey, as well. These websites do not pay taxes to the government and don’t contribute to the state’s gambling revenue earnings.

It’s great to see Atlantic City’s July revenue increase. This city is quickly becoming one of the most popular gambling destinations in the world. Make sure to stay tuned for more updates on Atlantic City casino earnings over the next several months!

Luxor Capital Group Ready to Run Ocean Casino Resort in AC

Ocean Casino Resort in Atlantic City has had a rough go for the past few years. This casino has struggled to generate revenue and is now handing over the keys. This week, the hedge-fund owners were granted official permission to begin operating this casino. Ocean Casino Resort in Atlantic City

It’s great news for Ocean Casino. Hope is that Luxor Capital Group can begin to turn things around for this gambling establishment. Let’s take a look at what’s happening here.

Atlantic City Revenue Continues to Surge in 2019

Just a decade ago, it looked as if Atlantic City was in danger of failing. The recession had severely impacted the city’s revenue, as almost nobody was choosing to gamble inside casinos. Over the past year, things have taken a major turn.

Revenue in this city has increased for the past 13 months. In June, casino revenue here rose by an incredible 20% compared to the same time the year prior. The Division of Gambling Enforcement reports that casinos here generated $278.14 million in June.

There are a number of reasons why this industry is surging. In May of 2018, New Jersey became the first state outside of Nevada to legalize sports betting. It helped to breathe new life into the state’s gambling industry, bringing in millions of people from around the East Coast to make sports wagers and play inside the casinos.

In June of 2018, two major casinos began operating here, as well. Ocean Casino Resort and Hard Rock Hotel & Casino Atlantic City opened their doors, expanding the city’s total number of casinos to nine. Unfortunately, Ocean Casino has had a hard time bringing in players.

Luxor Capital Group Takes Control of Ocean Casino Resort

As we mentioned earlier, this casino has struggled to generate revenue since opening its doors. It’s one of the lowest-earning casinos in Atlantic City, partly due to its location in the North Beach section of the city. In early June, Ocean Casino, along with two other casinos in North Beach decided to team up to promote this area as a way to increase the casino’s presence.

Things didn’t improve. Reports indicate that the casino has lost nearly $27 million over the past seven months. Now, the casino is being taken over by Luxor Capital Group. The New York-based investment firm has invested nearly $70 million into this casino, $50 million of which was used to pay down debt owed to J.P. Morgan, a secondary lender to the casino.

The NJ Casino Control Commission has officially granted Luxor Capital Group interim authorization to take over the casino’s operations. This authorization comes with several financial conditions overseen by the Division of Gaming Enforcement. Now, a more thorough review will take place before this firm is granted an official New Jersey casino license.

James Plousis, chairman of the Casino Control Commission, is happy to see Luxor take control over the casino.

“We are all acutely aware of this property’s past struggles — in fact, there were real questions as to whether this asset would ever be operational again,” he said. “Acknowledging that it was not its original intention, I, for one, am pleased that Luxor has taken an ‘all in’ approach to its investment in (Ocean). … By all accounts, it appears that (Ocean) is competitive and positioned to generate positive cash flow.” 

Online Casino Gambling Growing More Popular in Atlantic City

Most agree that Atlantic City is one of the hottest new gaming markets in the United States. Reports indicate that this city’s gambling revenue is currently growing faster than those in Las Vegas and Macau. This applies to online gambling, as well.

Online casinos in New Jersey have existed for years. Recently, the state chose to regulate and tax this industry. Today, all casinos in Atlantic City operate internet casino websites. They are geo-located, meaning anyone within the state’s borders can play these casino games online.

Internet gambling sports betting is also available here. Interestingly, the state’s land-based casinos still bring in the vast majority of revenue here. Many analysts feel this will change within the next several years.

We’ll need to wait and see what changes Luxor Capital Group makes to Ocean Casino Resort. Making this casino profitable is no easy task. Fortunately, Luxor has the funds and experience in the gaming industry to make things work.

There are a lot of major changes happening in Atlantic City. Make sure to stay tuned for updates on this situation as they come out!

Next PFL Season Taking Place at Atlantic City Casinos

The Professional Fighters League has grown to become one of the most popular MMA promotions in the world. Some of the top fighters in the world compete in tournament events for the chance to win $1 million dollars. The next PFL season is taking place inside Atlantic City Casinos, meaning anyone in this area can check out the fights!PFL Logo Design

It’s an exciting time for those in the Atlantic City area. Fortunately, those located in other parts of the country can still place wagers on these fights. Today, we’re looking at the fights taking place, and discussing which US gambling sites are offering odds on them. Let’s get into it!

Ocean Casino Resort Hosting the Next PFL Season

Atlantic City has hosted some of the biggest combat sports events in history. Legendary fighters like Mike Tyson, Floyd Mayweather, and Arturo Gatti have all competed here. More recently, the UFC has come into town featuring fighters like Donald Cerrone, Edson Barboza, and Kevin Lee.

Now, this historic gambling city is hosting the next PFL season. Three separate events are taking place inside the Ocean Casino Resort, one of the more popular casinos located in this city. Recently, this gaming establishment teamed up with a few others to promote the North Beach section of Atlantic City.

PFL 4, 5 and 6 will all take place inside this casino. These events will take place on July 11th, July 25th, and August 8th. Each of the PFL’s top fighters across multiple weight classes will be competing for their chance to make the tournament finals.

Ocean Casino is certainly popular, yet it hasn’t generated as much revenue as many of the other casinos in this city. Perhaps hosting the next PFL season will help! Let’s take a quick look at who’s competing.

Major Upcoming PFL Fights in Atlantic City

PFL 4 is taking place today. We’ll skip the fight breakdown for that event. On July 25th, the 5th event is scheduled to take place and features some of the top fighters in the promotion. Kicking off the main card is Gadzhi Rabadanov and Daniel Pineda.

Rabadanov is a product of Dagestan and training partner of UFC lightweight champion Khabib Nurmagomedov. He’s accumulated an 11-2 record in his professional career, including his first PFL win against veteran Steven Siler back in May. Pineda is a UFC vet with 25 wins against 13 losses. It’s an intriguing matchup between a promising up and comer and a longtime competitor.

In the co-main event, Lance Palmer is taking on Luis Rafael Laurentino. Palmer managed to win last year’s PFL season using his dominant wrestling and is the current favorite to do the same this season. Laurentino is no pushover, though. He has one of the best records in MMA right now at 34-1 with the majority of his wins coming via stoppage. It’s perhaps the most intriguing matchup in the entire tournament.

Finally, Chris Wade will fight Akhmet Aliev in the main event. Wade was a UFC standout and has the well-rounded game to give anyone trouble. Akhmet is another Russian star with 18 wins and just 4 losses. This entire event is stacked.

PFL Season Betting Odds for 2019

There are a huge number of amazing online casinos in New Jersey. In fact, most of the online casinos operating in this state are available throughout the entire country. Many of these internet casino sites operate sportsbooks as well and provide betting odds on the next PFL season.

One of the best is Bovada Casino. This site is well-known for offering a huge number of great MMA odds in 2019. Unfortunately, Bovada has not yet released lines for PFL 5. They did, however, provide some amazing odds for the PFL event taking place tonight.

Tonight’s event is headlined by Chris Curtis and Magomed Magomedkerimov. Curtis is listed as the underdog with odds of +330. Magomedkerimov comes in as the heavy favorite with current odds to win at -400.

There are a number of other odds available here. Kayla Harrison competes in the co-main event and is the biggest favorite on the entire card. Her odds sit at -1500, while her opponent, Morgan Frier, enters with odds of just +950.

The next PFL season is taking place in Atlantic City. There are some incredible fights scheduled to take place. If you can head to this city and bet on the fights, great! If not, feel free to check out some of the gambling sites here and place your bets from anywhere in the country!

Online Gambling at Golden Nugget Surging in 2019

New Jersey is one of the few states that regulates its online gambling market. All of the casinos spread around Atlantic City provide internet gambling options, yet some are proving to be more successful than others. Golden Nugget Casino is close to setting a new record with its online gambling operations.Slot Machines Inside Casino

Based on this year’s trend, the Golden Nugget could become the first casino where online gambling is more profitable than land-based gambling. It’s an interesting development that could have a huge impact on the US casino industry moving forward. Let’s look at why this is.

Casino Revenue in Atlantic City Continues to Increase

For more than a year now, gambling revenue in Atlantic City has increased. Every single month, casino earnings here exceed what they were a year prior. There are many that feel this New Jersey city could become the next major US gambling destination.

Some casinos in this city are proving to be more successful than others. The Borgata Casino continues to out-perform the rest. In May alone, Borgata earned $55,236,068. The second highest-earner is the Hard Rock, which brought in $28,626,602.

Historically speaking, Golden Nugget Casino is one of the lower-earners in Atlantic City. In May, this casino earned just $17,137,676. Interestingly, Golden Nugget has the most popular online gambling platform in the state.

This casino has teamed up with Betfair and offers a wide range of online casino and internet sports betting options. Online gaming revenue has increased for the Golden Nugget and is now close to surpassing the land-based casino revenue.

Golden Nugget Internet Gambling Revenue Surging

As we’ve already mentioned, New Jersey is one of the few states to legalize and regulate online gambling. Casinos in the state use geolocation software that allows anyone in New Jersey’s borders to gamble online. The popularity of internet gambling has never been higher here.

This week, reports surfaced showing just how much the Golden Nugget’s online gambling revenue has increased. For the past year, internet gambling revenue has been on a steady incline here. Online gaming revenue is nearing the casino’s land-based revenue.

It may be the very first time that any casino’s online operations are more successful than land-based gambling. Steve Ruddock, a New Jersey-based gambling analysts, feels that it’s inevitable for online casinos to take over the gambling industry.

“It would surprise me if it happened during the busier summer months, but I wouldn’t be surprised to see online revenue surpass retail revenue as soon as October,” Ruddock said.

Why is Golden Nugget’s Internet Platform So Successful?

Unlike many casinos, Golden Nugget focuses all of its attention for internet gambling in New Jersey. They have teamed up with a number of major iGaming experts to provide their players with the best possible product.

In four of the past five months, the difference between online and land-based gaming revenue was less than $3.5 million. June’s revenue figures are not yet known. There is a chance, albeit a slight one, that internet gambling earnings will be more than the casino’s land slots and table games.

Golden Nugget simply offers a better online gambling platform than its competitors. Industry researcher Chris Grove explains how.

“To put more simply, they are bringing a better product that is executed more robustly than the majority of their competitors in the market,” He said. “So, that idea of operational excellence is one of the primary reasons why Golden Nugget is in the position that it’s in, in terms of generating as much revenue as it does from online gambling.”

It wouldn’t be a surprise to see online casinos in New Jersey improve over the next few years. More people are choosing to make their bets online, and internet gaming revenue continues to increase. Make sure to stay tuned for updates on this story as they come out!