Atlantic City’s New Year Celebrations Sound Incredible

2019 is just about to wrap up. Many on the East Coast are now trying to decide how to spend New Year’s Eve. From what we’re hearing, Atlantic City’s New Year celebrations are going to be incredible. Anyone in the area should check them out! Fireworks Show

Atlantic City is having a fantastic year. Gambling venues here have experienced revenue gains almost every single month. Today, we’re going to take a look at what’s happening in this city right now.

Gambling Revenue in Atlantic City Continues to Increase

Over the past year, we’ve reported on the rising revenue earnings in Atlantic City. For almost every month of the year, gambling venues here have experienced rising gambling earnings. Much of this is thanks to the legalization of sports betting.

In May of 2018, the US Supreme Court officially struck down PASPA. This gave every state the ability to legalize sports betting. Almost immediately afterward, officials in New Jersey announced that sports betting was being made legal here.

Both land-based and online sports betting are now legal here. It’s proved to be a highly profitable industry. A huge number of sports bets have already been placed here. At times, sports betting revenue in Atlantic City surpassed the revenue earned in Las Vegas.

Casino revenue has been surging here, as well. Some of the casinos are earning considerably more than others. The Borgata Hotel & Casino continuously earns the most money in Atlantic City.

The year is coming to an end and overall, it was a great one for gambling venues in the city. Atlantic City’s New Year celebrations sound amazing.

Here Are Some Of Atlantic City’s New Year Celebrations

It’s not surprising to see Atlantic City gearing up for a major New Year’s Eve. This city is known for putting on a good party. After such a successful year, it makes sense for casinos here to put on something special.

Atlantic City’s New Year celebrations are kicking off tomorrow! Several major casinos here are offering their customers some fantastic deals. The discounts being offered change from casino to casino.

Interestingly, many of the celebrations are catering primarily to loyal gamblers. Casinos in the city want to reward those who are considered “regulars” with a night to remember. This year, visitors here can expect fireworks, live music, catered food, and more.

The Hard Rock Hotel & Casino is putting on one of the most exciting events of the holiday. Here, guests can purchase the “Rock n’ Roller Package” for $2020. It’s expensive, yet it comes with an ocean-view suite, a custom Fender guitar, champagne and strawberries, a couples massage, and a private dinner with wine pairing.

It’s an extremely exciting time to visit. Atlantic City’s New Year celebrations are expected to be fantastic. If you’re in the area and want something to do, feel free to stop by for a visit!

Will 2020 Be As Successful for Atlantic City?

There is certainly reason to believe so. For almost all of 2019, the city has experienced a massive surge in gambling revenue. Based on the way things are heading, 2020 will be an even more successful month.

Even during the wintertime, gambling revenue is increasing here. In November, for example, casino revenue came to $223,943,722. That’s considerably more than casinos here made just a few years ago.

Of course, competition is increasing around the country. In nearby New York, lawmakers are working to open new forms of gambling. Sports betting is now legal in New York and more casinos are set to open here over the past few years.

In time, Atlantic City could grow to become the hottest gambling destination in the country. Many casinos are undergoing renovations here. A huge number of major US casino companies are investing money here, too.

Atlantic City’s New Year celebrations are expected to be fantastic. Stay tuned for more New Jersey casino news over the next few months!

Atlantic City Casino Revenue Increases Massively in Q3

Over the past year, Atlantic City has grown to become one of the most profitable gambling hubs in the country. New reports show that Atlantic City casino revenue increased massively in 2019’s third quarter. It’s fantastic news for the state and casino companies operating here.

Atlantic City Sign

Both sports betting and casino gambling continues to generate revenue here. Let’s take a look at exactly how much money the city’s gambling industry managed to generate over the past several months.

New Reports Show Atlantic City Casino Revenue is Increasing

You can’t cover the US casino industry without talking about Atlantic City. Decades ago, this was one of the most profitable gambling markets in the world. Unfortunately, the recession took a major toll on this city and it seemed on the brink of collapse.

Recently, however, things have improved dramatically. Revenue in this city has continued to increase for almost all of 2019. There are a few major reasons why this is.

The legalization of sports betting is certainly helping. New Jersey made sports gambling legal in May of 2018. Every casino in the state now operates a sportsbook. It’s helped to generate millions of dollars for the state government via taxes. New Jersey now has the most profitable sports betting market in the world.

New reports show that Atlantic City casino revenue increased massively during this year’s third quarter. Gross profit for the three months increased to $26.5 million, representing a 12.5% increase from the same time period in 2018. Atlantic City’s nine casinos generated $928.9 million in net revenue.

Things are looking very good here. Based on the way things are going, this will be the best year in the city’s history.

Which Casinos Generated the Most Money in Q3?

July, August, and September are all popular gambling months. It’s not a huge surprise to see so much money flowing into the casinos during this quarter. Some casinos managed to earn considerably more than others, though.

Borgata Casino generated the most money. It’s the most popular casino in the city and blew all of its competitors out of the water. In total, this gambling venue brought in $210,141,863. Hard Rock Atlantic City brought in the second-most money at $106,663,788.

These properties have reason to celebrate. James T. Plousis, Casino Control Commission Chairman in NJ, states that non-gambling amenities in the city proved successful last quarter, too.

“Positive trends also continued with important tourism indicators,” he said. “Non-gaming amenities continue to create a competitive advantage, and visitors like the diverse dining, entertainment and leisure activities that Atlantic City has to offer.”

Just about every casino had a solid few months. Things are obviously slowing down as winter approaches yet many are still generating more money than they did last year.

Sports Betting Revenue Surges in AC, As Well

There’s never been a better time to be a sports fan in Atlantic City. Sportsbooks in this city are continuing to improve. Both online and land-based sports gambling is legal here. For almost all of 2019, revenue from this industry has increased.

In October, sports betting helped to increase gambling revenue in this city to $266.23 million. Statewide, sports bettors here placed $487.9 million in legal sports wagers last month. 85% of these bets were placed online.

Altogether, more than $3.5 billion has been spent on sports bets in this state.

“New Jersey sportsbooks have surpassed Nevada’s in recent months, and it continues to show significant promise for the gaming industry,” said Steve Callender, president of the Casino Association of New Jersey and senior vice president of operations for the East Region of Tropicana Atlantic City’s parent company, Eldorado Resorts Inc.“We are optimistic as we approach the end of this year that we will finish 2019 out in a strong position.”

Atlantic City casino revenue and sports betting revenue continue to increase. This city has the potential to become the country’s true gambling center.

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

Massachusetts Casino Revenue Dips in September

Massachusetts is just beginning to embrace the casino industry. There are a few major gambling hubs here, all of which are fiercely competitive with each other. Unfortunately, new reports indicate that Massachusetts casino revenue fell in September. Massachusetts State Symbol

Today, we’ll be looking at the expansion of Massachusetts’ casino market. We will also talk about how much money these casinos managed to bring in last month. Let’s get into it!

More Casinos Begin to Open in Massachusetts

The US gambling industry has never been stronger. Many states around the country are beginning to liberalize their casino gambling laws and are experiencing massive revenue earnings as a result. Several major companies have begun looking at Massachusetts as a lucrative new casino market to break into.

Wynn Resorts is one such company. Back in June, Wynn opened the Encore Boston Harbor casino-resort in Everett, MA. The location was concerning for some; it was previously an unattractive industrial area.

Fortunately, Wynn Resorts’ new casino in Massachusetts has proven to be massively successful. It’s been generating major revenue for the company and state since opening its doors to the public. Encore Boston Harbor was also been outperforming the MGM Springfield gambling venue, which was once the most popular gaming hub in the state.

Many companies are now working to open gambling venues here. Over the next few years, two new venues could open their doors here including the Aquinnah Cliffs Casino and Project First Light Resort & Casino.

Some analysts believe that Massachusetts will become the next major casino destination in the US. Of course, even here gambling revenue can sometimes dip.

Massachusetts Casino Revenue Finally Drops

For a time, it looked like casinos in MA would continue to experience an increase in gambling revenue for the remainder of 2019. Multiple reports have now proven otherwise. Massachusetts casino revenue fell in September and companies are taking notice.

MGM Springfield experienced one of its worst months of the year. Overall gambling revenue fell by 5.1%. The gambling venue brought in $19.8 in September, a pretty significant decrease from the $20.9 million made in August.

Encore Boston Harbor experienced a dip in revenue, as well. According to the Massachusetts Gaming Commission, this casino-resort earned $48.9 million last month. $27 million came from slots and $21.8 million from table games. These revenue earnings also represent a pretty serious decrease from August, where the casino made $52 million.

There’s no real cause for concern, though. Many analysts have pointed out that September is always a less-profitable month than August. Many individuals experience the end of their summer vacations and head back to work.

It’s likely that Massachusetts casino revenue will bounce back this month. This state has never been earning more from its gambling industry and it’s only going to get better.

More Gambling Options Coming to MA

Many lawmakers in Massachusetts are interested in adding even more gambling options to the state. Since May of 2018, when PASPA was struck down, several politicians have called for sports betting to become legal and regulated here. State Representative Brad Hill gave his opinion on the matter to the media a few months ago.

“I want to get us up and running because there is another football season nearly upon us,” he said. “We’re missing a huge opportunity for revenue in this state. Massachusetts likes to gamble, we like our sports, and I should be able, as a citizen, to go bet on a football game. Why is this taking so long? We’re not reinventing the wheel here.”

Many are also calling for online casino gambling to become regulated here. Today, there are a huge number of great online casinos in MA available yet none are monitored by lawmakers in the state. Hope is that in time, this will change.

Massachusetts casino revenue has fallen yet the state still has one of the most lucrative gambling markets in the country. We’ll need to wait and see which new gambling options become available here in the future.

Stay tuned for more Massachusetts gambling news over the next few months!