Hard Rock Atlantic City is Giving Out Big Employee Bonuses

Hard Rock Atlantic City

Atlantic City’s casino industry has been through a lot lately. The same can be said for the thousands of individuals that work inside these venues. Fortunately, news is now breaking that Hard Rock Atlantic City plans to give out an incredible $1 million worth of bonuses to its employees.

It’s great news for the workers here. Atlantic City still has a long road to get back to normal, though. Today, we’ll discuss Hard Rock’s plans and look at how some of the other casinos in New Jersey are faring right now.

Let’s get into it!

New Jersey’s Casino Revenue is Down, Sports Betting Revenue is Up

Back in the 1980s, Atlantic City developed into one of the country’s premier gambling destinations. Major developers moved into the city and opened world-class casinos. Tourism numbers began to boom and revenue was increasing every month.

Things began to decline throughout the 90s and by the mid-2000s, this city was struggling immensely. Many of the casinos here were forced to permanently close their doors. There was a time when it seemed like Atlantic City would never recover.

Incredibly, things began to turn around in mid-2018 when the Supreme Court removed PASPA, giving New Jersey the ability to finally legalize sports betting. Many sportsbooks almost instantly began operating. This led to a surge of new tourism and valuable revenue for the casinos here.

Unfortunately, 2020 halted much of the progress the casinos have been making lately. For several months of the year, the casinos here were forced to completely shut down. When they finally did reopen, they were forced to operate at a limited capacity and with intense regulations set in place.

Casino revenue remains low here. Sports betting, however, has been on a steady rise in New Jersey. Online sports gambling has been surging particularly high lately. The state’s sports betting operations are expected to bring in a huge amount of revenue as Super Bowl LV approaches.

Hard Rock Atlantic City continues to struggle. Despite that fact, the casino plans to give its guests bonuses over the next few weeks.

Hard Rock Atlantic City Employees Are Set to Receive Bonuses

Casino workers have been under some serious stress lately. A huge number of them were laid off after the casino shutdowns in March. Many casinos are now reopened, yet continue to see low visitation rates.

The Hard Rock Hotel-Casino in Atlantic City opened its doors again over the summer. Since that time, Hard Rock has been working hard to bring in more players. It hasn’t been easy and no one seems to know when things will begin to return to normal.

This week, news broke that Hard Rock Atlantic City is set to give out $1 million worth of bonuses to its employees. More than 2,000 of the casino’s employees are set to receive one of these bonuses. It comes as a thank-you to the workers who have worked during these difficult times.

Hard Rock Chairman Jim Allen spoke about the company’s new plans to the media this week.

“We believe that this continued support of our employees, and our belief that this will continue to enhance our respect and appreciation that we’ve provided to them and that they have given back to us, will continue to grow customer service in the property, and more importantly, continue to separate us from the rest of the industry,” he said. “We know Atlantic City still has a great history behind it, and still has a better history in front of it.”

It has been confirmed that these bonuses will be reflected in the paychecks distributed this week. The specific amounts will vary depending on every worker’s position. It’s a fantastic move for Hard Rock and one that its employees can appreciate.

Officials within Hard Rock are optimistic that things will improve as the year goes on. Just about all of the other casino companies are hopeful of this, as well.

NJ Casinos Hope for a Tourism Boom by Summertime

2020 seemed to prove how vulnerable the US casino industry really is. If tourism stops, casinos are unable to bring in players. That is exactly what happened in places like Macau, Las Vegas, and Atlantic City.

Casinos are still doing everything they can to bring in more players. Boosting tourism isn’t as easy as it might sound at a time like this, though. Many major casinos are now hoping that with effective vaccine distribution, travel will begin to surge around the country.

No one seems to know what to expect. Some feel that vaccine distribution will end up allowing more to take trips. Some analysts believe most will want to travel within the US and to fun entertainment hubs such as Atlantic City.

There are some who are less optimistic, though. New variants of the virus spreading around the country cast doubt on vaccine efficacy. That could lead to additional surges around the country and more travel restrictions being set in place.

It’s a difficult time for the entire casino industry. Fortunately, there are some good things taking place with casinos in different parts of the country. Hard Rock Atlantic City is even working hard to give its employees bonuses right now.

When do you expect Atlantic City to return to normal? Let us know in the comments section below!

Entertainment Options in Atlantic City Are Still Being Offered

Atlantic City Boardwalk

Atlantic City is one of the country’s premier tourism destinations. Unfortunately, there’s been a significant drop in visitors throughout the year. Casino companies here are now doing everything they can to boost tourism numbers. We’re now seeing an increase in entertainment options in Atlantic City appearing.

This city, like many others like it, finds itself in a very difficult position. There doesn’t seem to be one clear answer on how to fix this situation. Now is a great time to look at what is happening here.

Let’s check it out!

New Jersey’s Sports Betting Industry Continues to Thrive

Many credit New Jersey for being one of the states responsible for getting the Supreme Court to strike down PASPA. Almost immediately after the court’s decision, New Jersey worked to get its sports betting operations up and running. There are now many different online and land-based sportsbooks operating in the state.

This has ended up being an extremely valuable industry during 2020. The land-based casinos over in Atlantic City are having a hard time bringing in players. Online sports betting options, however, have reached a new level of popularity this year.

All of these internet sportsbooks are bringing the state much-needed revenue. Throughout the year, these sportsbooks have set record-handle earnings. This was true once again during the month of November.

That month, all of New Jersey’s sportsbooks saw $931 million in bets placed. It’s a staggering number that shows how quickly this industry is growing. During October, this state saw $803 million in sports bets. Casino revenue, unfortunately, took a major dive last month.

It may be a while before the land-based sportsbooks here get back to a level they were in 2019. Casino companies in the state are now focusing almost primarily on offering more internet sports betting options. It will be interesting to see whether or not revenue from this industry continues to increase as 2021 begins.

Some experts predict that next year will be a great one for the casinos in New Jersey. We’re beginning to see more of these casinos here increase their entertainment options.

Casinos Begin Offering More Entertainment Options in Atlantic City

Tourism figures in Atlantic City have been bleak for much of 2020. There’s no real way to fix things, as intense travel restrictions remain in place throughout the country. It could be months before we begin seeing travel become more widespread.

Under normal circumstances, there are a huge number of fantastic shows and events taking place in Atlantic City. Many were forced to be canceled back in March and have yet to resume.

Fortunately, we’re seeing a slight increase in the number of entertainment options in Atlantic City lately. In recent months, Resorts Atlantic City has started offering a wide range of new electronic roulette games and fun “slots tournaments” that take place every weekend. Hard Rock Atlantic City has started offering live music performances again.

Every casino is taking its own approach to getting back to normal. All are trying to ensure their guests can have fun in the safest possible setting. Resorts AC CEO Mark Giannantonio is hopeful that 2021 proves to be a better year for the industry.

“By next summer, hopefully there already is a vaccine, and we’ll all feel a lot better than we did before,” Giannantonio said. “But this town has always been about evolution. And as crazy as this has all been, our casinos have proven once again that we are adaptable.” 

That might be the best way to describe casino companies this year. Adaptable. Without the ability to change with the times, these properties would already have gone under. Other casino destinations are taking their own approaches to get things back to normal.

Some US Casino Destinations See Major Revenue Drops

This has been the toughest year for casino companies in history. Some parts of the country have casino industries that are faring better than others. Those with regulated online gambling options, in particular, seem to be handling this situation the best.

Things have been far from ideal over in Las Vegas. The casinos in this city have seen major drops in their revenue and visitation rates over the past few months. As a result, many have recently closed their operations during the weekdays.

In November, the casinos in Las Vegas managed to bring in just $639.8 million. The ones located on the Las Vegas Strip saw just $349.8 million in revenue. It’s one of the worst months thus far in 2020.

Massachusetts is also home to a struggling casino industry. All of the casinos here reported extremely low earnings during the month of November. In fact, MGM Springfield had its worst month since opening to the public in 2018.

It’s a tough situation for casinos around the world. Hopefully, the distribution of vaccines helps to bring major casino destinations more visitors next year. Stay tuned for updates.

Do you plan to check out any of the entertainment options in Atlantic City next year? Let us know in the comments section below!

AC Casino Revenue Plummets in November

Atlantic City Casinos

Atlantic City is doing everything it can to attract new gamblers right now. It hasn’t been easy, particularly with the intense regulations set in place by New Jersey state officials. This week, reports on AC casino revenue for the month of November were released.

As many predicted, the casinos here saw a major dip in revenue. It’s an unfortunate trend that could continue for months. Today, we’ll talk about exactly how much money the casinos in Atlantic City managed to bring in last month.

Let’s get into it!

New Jersey Officials Warn Of Upcoming Shutdowns

The state of New Jersey was hit extremely hard early on in the pandemic. This was one of the first states to implement intense shutdown measures. As the summer continued, these regulations began to loosen and many businesses opened their doors again.

Infection rates have begun to skyrocket here in recent months. As a result, Governor Phil Murphy announced a new set of regulations throughout the state. It took a major toll on businesses, yet another mass shutdown like the one seen back in March was not ordered.

That could change soon. Cases have continued to climb and state officials are now warning that shutdowns could be just around the corner. Murphy has indicated that this could take place shortly after the holidays.

This will make things extremely difficult for the casinos in Atlantic City. As many are aware, these gambling venues have struggled to bring in players throughout 2020. Another major shutdown could prove to be devastating for this industry.

Unfortunately, this seems more likely than ever. Casino companies in the state are now gearing up to close their doors once again. Hope is that the state finds a way to compensate these casinos for their trouble.

Even without a full shutdown, this industry is hurting. We’re beginning to hear how much money the casinos in Atlantic City brought in during November.

November’s AC Casino Revenue Drops Once Again

Throughout 2020, Atlantic City’s casino industry has seen massive revenue drops. Things began to improve as summer progressed, yet seems to be falling apart throughout the fall months. Many felt that November would see a large drop in revenue.

These predictions ended up being correct. New reports claim that AC casino revenue for the month of November dropped by 10%. The nine casinos in this city managed to bring in $260.86 million last month, down considerably from the $288.6 million in November of 2019.

Jane Bokunewicz, a prominent gaming analyst at Stockton University, offered some insight into what led to this major revenue decline to the media.

“Land-based gaming had gained ground in September and October. But, the start of a ‘second wave’ of COVID-19, followed by N.J. Executive Order 194, which, effective Nov. 12, required indoor food and beverage options to close between 10 p.m. and 5 a.m., likely contributed to the decline in November,” she said. “A much-needed holiday bump from Thanksgiving weekend, usually a busy time for casinos, was limited this year by travel restrictions between states and stern warnings about family gatherings.”

It’s not all doom and gloom, though. To the surprise of some, New Jersey’s sports betting revenue saw another monthly handle record at $931.6 million. The state’s online sports betting industry has proven to be hugely lucrative throughout the year.

The online gambling platforms in Atlantic City have helped to bring in some much-needed revenue. Of course, things are still far from perfect here. Many now fear that December could end up being an even worse month than the previous three.

We’ll continue offering updates on AC casino revenue throughout the winter!

Harrah’s Atlantic City is Set to Reopen Poker Tables

As we already mentioned, all of the casinos in Atlantic City have been working hard to bring in players this year. It hasn’t been easy, though, as many casinos have been forced to halt offering their most popular games. That includes Harrah’s Atlantic City, which shut down its live poker games back in March.

New reports claim that Harrah’s Atlantic City is set to begin offering its poker gambling options soon! The World Series of Poker-branded room here will officially begin accepting guests again on December 26. This will make Harrah’s the second casino in Atlantic City to resume its live poker gaming options this year.

This room is expected to remain open every day from noon to 4 am. Some fear that the proposed casino shutdowns by Governor Murphy could throw a wrench in these plans, though.

Officials within Harrah’s are trying to make things as safe as possible. Poker tables will be limited to just eight players. Polycarbonate dividers will also be installed at the tables to separate players.

We’ve seen AC casino revenue plummet in recent months. Things could continue to get worse throughout early 2021. That isn’t stopping casino operators like Harrah’s from trying to bring in new players right now.

Are you surprised to see casino revenue drop again in Atlantic City? When do you expect things to turn around here? Let us know in the comments section below!

Atlantic City’s Third-Quarter Revenue Fell by 37%

Atlantic City Casinos

New Jersey’s casino industry is one of the biggest in the United States. Unfortunately, the events of 2020 have been extremely hard on the casino companies operating here. New reports have just come out that show Atlantic City’s third-quarter revenue fell by 37% this year.

It’s an astounding drop to see. Unfortunately, some believe that the year’s fourth-quarter earnings may drop even more. Today, we will take a look at which properties managed to bring in the most money.

Let’s get into it!

Governor Murphy Claims New Regulations Could Be Coming Soon

This has been a remarkably difficult year for state leaders around the country. Governors are being forced to implement measures that have a massive effect on the local economy. Trying to protect public safety while keeping the economy afloat is proving to be extremely difficult.

Unfortunately, Governor Phil Murphy has been warning that additional regulations could soon be on their way. New Jersey has been seeing a sharp increase in Covid-10 cases recently. This past Monday, an additional 4,790 cases were recorded in the state with 16 new deaths.

Murphy has already implemented several new regulations over the past few months. Many of these have targeted casinos. Earlier this month, he started ordering casino restaurants to stop offering indoor dining past a certain time.

Many now fear that the casinos in Atlantic City could be forced to completely shut down. Several different states have recently shut down their casinos. Unless New Jersey’s infection rate begins to drop, this could be coming here, as well.

More regulations will have a serious impact on the casino industry here. As many know, the casinos in this state have been hurting badly over the past nine months. No one knows how things will look in the future.

We’re now beginning to see how much money the casinos in New Jersey lost over the months of July, August, and September.

Here’s Where Atlantic City’s Third-Quarter Revenue Stands

Many analysts have been eagerly waiting to see how the casinos in New Jersey managed to fare during 2020’s third quarter. We’ve seen several other major casino destinations release their revenue reports recently. This week, New Jersey did the same!

Things are about as bleak as many predicted. The casinos in New Jersey saw a massive 37% drop in revenue during the year’s third quarter. Capacity limits and other intense regulations have contributed to this large drop in earnings.

Overall, the casinos in this state brought in just $150.5 million over the months of July, August, and September. The vast majority of casinos here saw a large drop in earnings. Only the Ocean Casino Resort, previously one of the worst-performing casinos in the state, saw a revenue increase.

Jane Bokunewicz, coordinator of a gambling and tourism institute at Stockton University and respected gaming analyst, spoke about this drop to the media this week.

“The data released today confirms what many have already suspected: The current public health crisis has both suppressed consumer demand for brick-and-mortar casino gaming and related amenities, and increased the costs of operating these services,” she said. “This is a devastating equation for casino operators and their employees.”

Hard Rock Atlantic City’s gross operating profit fell by 14.3%. Tropicana AC saw a massive 43.8% drop in revenue. It’s an extremely difficult time for all of the casinos operating in the state of New Jersey.

We’ll continue offering updates on any additional regulations placed here over the next few weeks!

Nevada Casinos Are Now Limited to Just 25% Capacity

Things aren’t much better over in Nevada. This state remains the biggest casino destination in the country. Unfortunately, casino revenue has been dropping considerably this year and is likely to drop even further over the next couple of months.

Over the weekend, Nevada Governor Steve Sisolak announced a new set of regulations on different businesses. Many of these regulations are directly targeting casinos. Under the new state rules, Nevada’s casinos can only operate at 25% capacity.

Sisolak understands the impact of these new regulations. He also understands that something needs to be done to lower infection rates in the state. It seems likely that these new rules will have an impact on tourism into the city.

The new rules put an end to all of the major entertainment shows in Las Vegas. Many of the major casino-resorts on the Las Vegas Strip were set to resume their big shows. These will now be put on hold for at least the next three weeks.

The US casino industry is being put to the test like never before. Hope is that new regulations help to lower infections around the US. Stay tuned for more news on the casino rules being set in place over the rest of the year!

Are you surprised to see where Atlantic City’s third-quarter revenue stands? When do you think things will begin to improve here? Let us know in the comments section below!

The Sale of Bally’s AC Has Officially Concluded!

Bally's Atlantic City

Back in April, news broke that Caesars Entertainment was selling Bally’s Atlantic City to Twin River Holdings. It was one of the largest acquisitions for Twin River as a company in its history. New reports claim that the sale of Bally’s AC has now officially concluded.

Twin River is now going by Bally’s name. This company has worked hard to expand around the United States over the past few years. Today, we’re going to talk about what this sale means for Atlantic City moving forward.

Let’s get into it!

Caesars Entertainment Has Undergone Some Major Changes Recently

The name Caesars is synonymous with flashy hotels and casinos. This company was founded back in 1990 and quickly took control over some of the biggest and best gambling venues in the country. Over the past decade, however, the company began seeing large revenue declines.

In 2019, news broke that Eldorado Resorts paid an astounding $17 billion to acquire Caesars Entertainment. It was the largest casino sale in history. As many expected, however, it took more than a year for this deal to go through.

In order to gain approval from state gambling commissions and the SEC, both of these companies needed to make some major changes. Much of that centered around casino sales. Commissions wanted to ensure that this merged company would not form a monopoly.

This merger has been completed and things seem to be running smoothly. Not long ago, the new Caesars purchased Willaim Hill for more than $3 billion. This was done in an effort to break into the fast-growing US sports betting industry.

Caesars has also sold many of its properties recently. To the surprise of analysts, the company allowed Twin River to take control of its Bally’s brand name. Twin River is now known as Bally’s Corporation and is focused on expansion, too.

We’re set to see some big changes with Bally’s casino in Atlantic City sometime in the near future.

The Sale of Bally’s AC Has Finally Concluded!

As we just mentioned, Caesars Entertainment has gone through several major casino sales over the last year and a half. The company announced it was selling Bally’s Atlantic City to Twin River Holdings back in April. This sale was instrumental in Caesars getting its merger approval from the New Jersey Gaming Commission.

A major casino sale like this cannot happen overnight, though. There were several hoops that both Caesars and Twin River (now known as Bally’s Corporation) needed to jump through. Fortunately, this sale has now officially concluded.

The acquisition price for this venue was $25 million. That’s a good deal when considering the venue is situated in one of the country’s biggest gambling destinations. Historically speaking, however, Bally’s Atlantic City is one of the worst-performing casinos in New Jersey.

Officials within Bally’s Corporation are confident they can turn things around. Earlier this month, the company pledged to invest more than $90 million towards renovations for this venue. The goal is to make this the best new gambling venue in the city.

George Papanier, President and Chief Executive Officer of Bally’s Corporation released a statement this week on the final sale of this venue.

“We strongly believe in the potential of the Atlantic City market and are confident that we can restore Bally’s to its former glory,” he said. “We are pleased to close on this transaction, which represents the latest addition in our ongoing portfolio diversification strategy, and look forward to implementing our capital improvement plans to completely renovate the property with first-in-class amenities and offerings. We have a proven track record of implementing strategic initiatives at acquired properties in order to drive growth and revenue improvements, and plan to bring the iconic property to a level not seen in years.”

This is one of the biggest moves for Bally’s Corporation in years. Atlantic City has been improving massively over the years. 2020 has halted much of the progress being made, yet many analysts expect things to recover next year.

New Jersey’s Online Gambling Revenue is Holding Strong

The country’s land-based casino industry has been hurting badly this year. For months, all casinos around the US were completely shut down. Many, including some of the ones in Las Vegas, have remained closed to this day.

New Jersey started allowing its casinos to open again in July. Like casinos in other states, these venues struggled to attract players. As time went on and regulations were lifted, more people began flocking to Atlantic City.

Land-based casino revenue remains low, even with the uptick in tourism. Fortunately, New Jersey has a regulated online sports betting and casino gambling industry. These online gaming platforms are bringing the state some much-needed revenue right now.

New Jersey is proving how valuable these online gambling options can be. In October, for example, the state broke its own all-time revenue record for sports betting and online casino gambling. Many other states are now looking more into the regulation of these gambling options.

Many expect additional regulations to begin hitting the casinos in New Jersey. Earlier this month, Governor Murphy began ordering casino restaurants to close at night. He has warned that if things do not recover, the casinos here may be forced to shut down again. With the sale of Bally’s AC now finalized, everyone hopes that things are better here by the time the venue’s renovation is complete.

Are you excited to see what Bally’s Corporation does to its new casino in Atlantic City? Do you think the casinos in New Jersey will need to shut down again? Let us know in the comments section below!

Atlantic City Casino Restaurants are Ordered to Shift Hours

Atlantic City Casinos

The US casino industry continues to get hit with tough regulations. Most recently, state officials in New Jersey have begun setting new rules towards the casinos in Atlantic City. Moving forward, Atlantic City casino restaurants will need to close their indoor operations by 10 pm every night.

It’s a tough blow for these venues. Fortunately, the state isn’t requiring a complete shutdown. Today, we’re going to talk about why these new rules are being set in place.

Let’s get into it!

Sports Betting Remains Hugely Profitable for New Jersey

Many credit New Jersey with helping to revolutionize the US sports betting industry. Almost immediately after PASPA was struck down back in 2018, this state officially legalized and regulated this industry. It’s already proving to be hugely profitable for the state.

We’ve been covering the growing sports betting revenue figures in New Jersey for months. To the surprise of many, these figures have increased throughout 2020. The sportsbooks here have seen their handle hit all-time records in both August and September.

It’s fantastic news for the state. New Jersey taxes sports betting revenue at 8.5% for land-based bets, and 13% for online sports wagers. As more revenue comes in, the state earns more money via taxes. This money goes to fund various public projects.

NFL betting is helping to fuel much of this revenue increase. We’re now in week 10 of the regular season. A huge amount of money is being placed on the regular-season games every single week.

Sports betting has helped to lessen the blow that casinos are feeling this year. As many already know, casino revenue has been much lower in 2020 than it was last year. No one can accurately say when land-based casinos will begin seeing their revenue figures reach pre-pandemic levels.

This week, a new regulation was announced that could have an effect on tourism rates in Atlantic City.

Gov. Murphy Orders Atlantic City Casino Restaurants to Change Hours

New Jersey was one of the worst-affected states from the pandemic early on. For months, nearly the entire state went into lockdown in an attempt to lower infection numbers. This proved to be devastating for Atlantic City and the thousands of individuals employed here.

Finally, in July, Governor Murphy gave the green light for the casinos in this city to begin operating again. As the weeks went on, more of the gambling properties began opening their doors. Today, all of New Jersey’s casinos are operational again.

Unfortunately, New Jersey has once again begun seeing a large spike in Covid-19 cases. As a result, the Governor has been forced to implement heavier restrictions. News has just broken that, beginning on Thursday, all Atlantic City casino restaurants will need to close their indoor operations by 10 pm.

This could affect tourism rates into the city. Many complain this measure does not make sense given the relatively low infection rates in Atlantic City. The Chamber of Commerce Southern New Jersey offered a statement on this new measure to the media this week.

“The CCSNJ respects Gov. Murphy’s decision to enact additional restrictions as the state again sees COVID-19 cases rise. However, the CCSNJ is disappointed that the governor has once again taken a statewide, one-size-fits-all approach, refusing to consider the vast disparities in health metrics throughout different geographical areas of the state,” the statement said. “The health and safety of New Jersey residents should always be the first priority, but there is no harm in assessing the data and making smart health and economic decisions that do not treat every area of the state similarly when the health data supports that approach.”

Casinos may be thankful that another shutdown wasn’t ordered. For now, these venues can continue operating at limited capacity. We’ll offer more updates on the situation here over the next few weeks.

Are More Regulations Coming to Las Vegas?

In some ways, Las Vegas has been the city hardest-hit by the pandemic. So much of the economy here relies on tourism. Even today, tourism numbers are down considerably from what they were in 2019.

The casino companies operating here are certainly feeling the effects. Many have been forced to lay off thousands of employees. Some, including Encore Las Vegas, have started changing their operating hours as a way to save money.

Many fear that new regulations will soon be announced here. Infection rates have been increasing in recent weeks. State leaders will need to weigh the pros and cons of implementing health protocols.

Doing so could prove devastating for the gambling and tourism industry in Las Vegas. We’ll need to wait and see what ends up taking place in this city. Hopefully, the casinos can remain open while keeping things as safe as possible for employees and patrons.

Beginning on Thursday, all Atlantic City casino restaurants will need to stop operating indoors at 10 pm. This measure will remain in place until further notice.

Are you surprised to see more regulations set in place in New Jersey? Do you think this new rule will affect tourism here? Let us know in the comments section below!

Atlantic City Casinos Tell Governor: We Need Conventions

View of Atlantic City
A group composed of local officials, casino executives, and labor unions have asked Gov. Phil Murphy to ease restrictions on indoor gatherings so that conventions, meetings, and trade shows can resume in Atlantic City and so restaurants can accommodate more customers.

According to the group, if the current restrictions will be retained, businesses will incur significant losses, more jobs could be lost, and the economy will take longer to recover.

Said Assemblymen Vince Mazzeo and John Armato in a letter to the Governor:

“Without the convention and meeting industry, the negative economic impact to both large and small businesses, including lost wages, will be devastating to the market and residents of Atlantic City and Atlantic County,”

Added Mark Gianntonio, President and CEO of Resorts Casino Hotel:

“The casino industry has developed the most stringent health and safety protocols with the guidance of top healthcare experts. We have successfully and safely welcomed back indoor dining, and now is the time to begin to safely welcome back the convention and meeting business.”

Time of the Year For Conventions

November is traditionally the the time of year when Atlantic City is busy hosting multi-day conventions, bringing in thousands of visitors who would stay in hotels, patronize local restaurants and shops, and even finding their way to Atlantic City casinos. But because of the COVID-19 pandemic, conventions are still prohibited right now.

On a normal year, the New Jersey State League of Municipalities’ and New Jersey Education Association would be in AC holding their conventions this month. However, they have resorted to holding virtual conventions due to the pandemic. Those are just the tip of the iceberg.

Lost Economic Activity

According to an estimate from Meet AC, the sales and marketing organization of AC’s resorts, more than $182M in economic activity has been lost up to last week from cancelled conventions and meetings this year. This figure does not even include the canceled events at the casinos and the $112M that Atlantic City casinos lost during their forced closure from March to June this year.

The resorts have struggled with the 25% restriction in their properties and the total absence of conventions. Casino gaming has not returned to pre-pandemic figures mainly due to the restriction of travel and fear of contracting the COVID-19 virus. Because of this, Atlantic City casinos have been forced to cut jobs to mitigate losses. Last month, Atlantic City’s casinos reported a net decrease of 17.5% in employment versus 2019 figures.

Lucky Gambler Hits Massive Jackpot at Hard Rock Atlantic City

Casino Slot Machines, Hard Rock Atlantic City Logo

New Jersey’s casino industry is gradually improving as the months go on. Many are now heading to the casinos in Atlantic City to test their luck at the slots and table games. Today, news broke of one lucky player hitting a massive jackpot at Hard Rock Atlantic City.

This is likely one of the biggest casino jackpots hit in New Jersey this year. Today, we’ll take a look at how it was won. We’ll also talk about how Atlantic City is faring so far this year.

Let’s get into it!

Online Casino Gambling Grows More Popular Around the US

The US casino industry remains in a difficult position. Most casinos in the country are now open, yet many are seeing massive revenue losses this year. Certain states are faring better than others, though.

It’s no surprise that most are focused on the success of Nevada. This state remains the biggest gambling destination in the world. Cities like Las Vegas are now working hard to attract new players, yet tourism rates and casino revenue remains far lower this year than it was in 2019.

Some states’ casino industries are doing great, though. Colorado reopened its casinos back in May. Some that time, revenue from the industry has increased with each passing month. Sports betting revenue is surging here, too.

All land-based casinos are hurting right now. Interestingly, the popularity of online casino gambling sites has been surfing this year. It seems that many people now prefer to make their wagers from home, rather than inside a crowded casino.

There are a huge number of great internet casino platforms now available throughout the country. Several states are now pushing to regulate this industry. A few already do and are earning a huge amount of revenue each month.

Land-based casinos are doing everything they can to bring in more players. This week, one of the most popular casino-resorts in Atlantic City announced a huge jackpot winner.

New Jersey Resident Wins Huge Jackpot at Hard Rock Atlantic City

For the past few years, Atlantic City has grown to become one of the biggest and best casino destinations in the United States. The legalization of sports betting here seems to have brought new life to the city. Tourism started booming here and many casinos underwent major renovations.

There are many popular gambling venues in this city. There’s no doubt that the Hard Rock Atlantic City is one of the biggest and best. It was originally opened as the Trump Taj Mahal, but was converted to the Hard Rock brand in 2018.

This venue has been open for months and is seeing a steady increase in players. One lucky gambler from South New Jersey has just hit a massive $1.3 million jackpot while playing Texas Hold’em inside this casino. This gambler, named James, spoke about the win to the media this week.

“It is surreal to have hit a $1.3 million jackpot, especially because playing cards is a little different than laying pipe,” James said. “We plan to take care of our family, put money away for our kids and my wife deserves a nice trip.” 

This jackpot was one of several earned at the Hard Rock Atlantic City this week. These types of jackpots are likely to entice new gamblers. Hope is that other casino-resorts in the city begin seeing a surge in new players soon, as well.

Unfortunately, some analysts predict that winter will prove to be extremely difficult for the casinos here.

What to Expect in Atlantic City Over the Next Few Months

For months, health experts around the country have been warning that this winter will be one of the toughest in recent memory. Most expect to see a massive surge in Covid-19 cases. That could result in many cities and states being forced to shut down again.

Another shutdown would be devastating to casino companies. Many seem to be barely hanging on as it is. Officials in Atlantic City believe things will be tough this winter, yet don’t expect the type of shutdown seen this summer.

Las Vegas would be hit hard from another casino shutdown, as well. Casinos here are still seeing major dips in revenue and it’s unclear when things will return to normal. Several casinos here are being forced to close permanently.

Even the major casino-resorts are being impacted. Earlier this week, Wynn Resorts announced that the Encore Las Vegas would now only open for four days a week. This rule will remain in place until tourism rates increase in the city.

Now might be the perfect time to visit these gambling destinations like Las Vegas and Atlantic City. No one knows how things will look in the future. One lucky gambler just earned a huge jackpot at Hard Rock Atlantic City and you might be next!

Do you plan on gambling in Atlantic City this fall? Which casino do you plan on visiting? Let us know in the comments section below!

New Jersey Registers All-Time High of $667M in Bets Taken for August 2020

New Jersey
New Jersey had its best betting month ever in August 2020. According to the latest revenue data released by the state’s Division of Gaming Enforcement on Monday, New Jersey’s sportsbooks took a total $667.9M in bets for the month of August 2020. That’s double the amount they received in August 2019 and it is also an all-time record for monthly bets taken by any state with a regulated betting market.

Said FanDuel spokesman Kevin Hennessy via ESPN:

“It was good to have sports back in August. The NBA and NHL bubbles and MLB’s strong return gave sports betting in New Jersey the needed boost to a record month.”

All-Time High

The previous all-time high for a state with legal sportsbetting  was $614.1 which was achieved by Nevada in November 2019., it was highest betting revenue since sportsbetting was was introduced in the Silver State in the 1950s. But New Jersey’s August 2020 figures topped that, even without the NFL, America’s favorite sport to bet on.

According to the report, the “other sports” category picked up the bulk of the August revenue with a total of $204.9M. Other sports are classified as sports other than baseball, football, basketball, and parlays. The NBA took in an estimated $166M bets while MLB accounted for around $150M in wagers. Parlay bettors were glad to see major sports return and the total handle for these events was $144.9M.

Record May Not Last Long

Despite the fact that the COVID-19 pandemic health restrictions limited New Jersey’s casinos to 25% capacity, betting action picked up. According to the report, 90% of the total amount wagered was placed in online platforms in the Garden State. New Jersey sportsbooks won a net amount of $39.5M on sporting events that took place in August 2020.

With the NFL and college football seasons beginning last week and the NBA, MLB, and NHL continuing with their seasons this month, New Jersey’s numbers are even expected to get better and August’s record figures may not last long. The Garden State’s sportsbooks have amassed $2.5B from January to August 2020, despite the pandemic. Last year, New Jersey’s sportsbooks saw a total of $2.53B placed bets over the same season.

The Garden State isn’t the only state to report all-time high numbers during the month of August. Indiana’s betting handle jumped by $100M from July to a total of $169M last month. Likewise, Iowa’s handle rose 120.1% to $53M. On the other hand, West Virginia reported that its sportsbetting handle tripled last month.

Atlantic City Casinos to Resume Food and Beverage Operations on September 4

View of Atlantic City Beach

Good news for Atlantic City casinos and gambling patrons.

On Tuesday, New Jersey Gov. Phil Murphy signed Executive Order No. 183 which states that food and beverage operations in the state’s casinos may resume operations but at a 25% capacity. The order, which takes effect on Friday, September 4th at 6 am, is expected to boost casino operations during the coming Labor Day weekend.

The move came after New Jersey continues to improve its COVID-19 figures. The state has seen a total of 3,989 COVID-19 positive cases with 245 deaths and 2,697 recoveries as of last Tuesday. However, according to the Atlantic County Division of Public Health, there were no COVID-19 related deaths for a six-day period ending last Tuesday.

Said Gov. Murphy:

“Given the progress we continue to see statewide, and with the proper precautions and limitations in place, I am proud that we can take this step today to allow our restaurants to once again welcome patrons back for indoor dining services.”

A Big Relief

The news came as a big relief to the Atlantic City casino industry which as been reeling since the coronavirus pandemic forced them to shut down for four months beginning March this year. They were allowed to reopen last July but at a limited capacity and without food, drinks, and smoke.

Atlantic City casinos are coming off a three-month period where they suffered an aggregate loss of $112M with the Golden Nugget as the only gambling operator to have a positive result. The negative figure was an 85% decline from their performance for the same quarter in 2019.

Booze and Smoke Now Allowed

Under the Executive Order, casinos will be allowed to serve drinks to its customers on their gaming floors. However, booze must be ordered through a server and guests are prohibited from leaving their seats while consuming their beverages. E.O. 183 also permits gamblers to resume smoking on the gaming floors although casinos are given the option to maintain their smoking bans.

Casinos have been smoke-free since their reopening and while smokers find this decision as a relief, those who advocate smoke-free gambling will most certainly be disappointed, especially since many of them thought that the temporary ban would eventually become permanent.

The legislation also allows the operation of “indoor performance-based entertainment centers” but subject to the 25% capacity limit, a cap of 150 non-staff guests in any single venue, plus health and safety protocols. However, it remains to be seen if the casinos will open their entertainment venues since the income from limited operations may not compensate the cost to produce the shows.