Atlantic City is still home to some of the most popular casinos in the United States. That includes Borgata Atlantic City, which first opened its doors to the public in 2003. New reports have confirmed that this property is now under new leadership.
It’s not uncommon to see Atlantic City casinos welcome new executives. Now is a great time to talk about who is taking control over one of this city’s most popular gambling venues.
Let’s get into it.
Travis Lunn is Named the New President of Borgata Atlantic City
Atlantic City is home to a huge number of popular casinos. This small New Jersey city has been one of the top gambling hubs in the country for decades. It has continued to expand over the years and experienced several record-breaking revenue figures throughout 2021.
Every so often, the casinos here decide it’s time for a shake-up. Back in 2019, Ocean Casino Resort hired Terry Glebocki as their new CEO. It seems to have paid off, as this property continues to generate larger revenue figures.
It now seems that Borgata Atlantic City is looking for some new ideas, too. Reports have confirmed that Travis Lunn has just been hired as the new President of this casino. A longtime casino executive, Lunn will be stepping in for former Borgata president Melonie Johnson, who took a position inside MGM National Harbor. Lunn released a statement to the media expressing his excitement with this new role.
“It’s an honor to be joining this incredibly talented team,” Lunn said. “Borgata is a world-class resort destination with a brand recognized nationwide for its spectacular accommodations, culinary program and entertainment offerings. I can’t wait to jump in and connect with all of the employees, guests and local community members.”
Borgata tends to be one of the best-performing casinos in Atlantic City. It will be interesting to see if Travis Lunn can help this venue to generate more revenue moving forward. Stay tuned for updates!
Predicting New Jersey’s Gaming Revenue Figures in 2022
2021 was a special year for the entire US gambling industry. Most states with gaming industries saw impressive revenue surges throughout the year. That includes New Jersey, home to many popular casinos and sportsbooks.
Many analysts are now looking ahead at how this state’s gaming industry might fare in 2022. There is a debate raging over whether or not things will fare better than in 2021. There is certainly reason to believe that the casino industry here will succeed this year.
Tourism rates into Atlantic City increased throughout 2021. Millions flocked to this city to take part in the entertainment and gaming options. Assuming no more casino shutdowns are ordered, it seems likely that casino revenue will increase even further in 2022.
Sports betting revenue may actually decline throughout 2022. New York is set to launch its first online sportsbooks this weekend. That is likely to result in revenue drops in New Jersey, as New Yorkers will no longer need to make the trip into NJ to access regulated online sportsbooks.
Borgata Atlantic City is certainly hoping it experiences revenue increases this year. Reports on the revenue earned here in January are likely to surface soon.
Major Casino Companies Focus on Expansion
It’s been a very interesting few years for the US casino industry. 2020 proved to be one of the worst years in history for various casino companies around the country. Things turned around in 2021 and most casino operators experienced major revenue surges.
It now seems that casino companies are focused on expansion in 2022. Some of the top ones have been involved in major sales and purchases in recent months. That includes MGM Resorts International, which is selling The Mirage to Hard Rock International for $1.1 billion.
Several of the country’s top casino companies are still operating massive properties in Macau. Asia’s largest gambling destination has struggled tremendously in recent years. Health and travel restrictions set by Mainland China have continued to hurt the casinos operating here.
Some of the smaller casino hubs in the country are set to welcome new casinos soon. Illinois, for example, is welcoming six new casinos over the next few years. Places like Pennsylvania and Colorado are set to welcome new gaming venues, too.
Borgata Atlantic City now has a new president. Will Travis Lunn help this property to succeed in 2022? Let us know what you think in the comments section below.