Atlantic City’s Casino Revenue Dropped by 85% in 2020’s Q2

Like all other major casino destinations, Atlantic City took a major hit over the months of April, May, and June. It was the only three months that casinos here were forced to shut down since the first one opened back in 1978. This week, reports were released that show exactly how much Atlantic City’s casino revenue fell during 2020’s second quarter.Sky View Of Atlantic City

Obviously, casinos in this city saw their earnings plummet. Things have improved since that time, however, and quarter three of this year is expected to be considerably better.

Let’s take a look at how this city’s casino industry fared over the past few months.

Casinos in New Jersey Continue Working to Draw Visitors

New Jersey was one of the first states to take a major hit due to the coronavirus now spreading around the world. Infection rates began to surge here and Governor Phil Murphy eventually ordered all casinos around the state to close down. It was unclear how long this shutdown would last for.

As time went on, Atlantic City started to suffer more and more. A huge number of people in this city rely on casinos for employment. Many local businesses also rely on the tourism that casinos generate to function.

After months of back and forth, state leaders agreed to allow casinos to reopen over the Fourth of July weekend. Several of the top casino-resorts here immediately opened their doors when allowed to. Others took their time to assure things would run as smoothly as possible.

The Borgata Hotel-Casino, Atlantic City’s biggest revenue-generator, opened its doors at the end of July. All casinos in this city are now focused on boosting rates of tourism. This has become much easier said than done.

Many residents of New Jersey and nearby states are unwilling to make the trip to a casino amid the pandemic. Things are still not completely safe inside these gaming venues, even with the safety measures set in place. As a result, revenue here remains considerably lower than it was in 2019.

Things are far better now than they were over April, May, and June, though.

Looking Back Atlantic City’s Casino Revenue During This Year’s Second Quarter

It’s now safe to say that the second quarter of 2020 was the worst in history for the US land-based casino industry. In some states, casinos were shut down for all three months. Some allowed their gaming venues to open at the end of the quarter.

New Jersey is in the latter category. It wasn’t until July that casinos were allowed to reopen, meaning land-based casino revenue was non-existent during this time. This week, the New Jersey Division of Gaming Enforcement released its quarterly revenue report.

During 2020’s second quarter, Atlantic City’s casino revenue fell by an astounding 85%. Casinos here brought in a net revenue of just $121 million during this time. That’s down from the $796.8 million brought in during the same time last year.

Casino Control Commission Chairman James Plousis claims it’s impossible to even compare this year’s earnings to 2019 due to the pandemic.

“It is also noteworthy that, during this period, the casinos undertook an amazing effort and expense to prepare a safe environment for the return of employees and guests,” Plousis said. “That critical investment enabled the casinos to begin welcoming back visitors with appropriate limits in July, and started Atlantic City on the road to recovery.”

He’s certainly right about the massive effort it took to get casinos here operational again. Even today, casinos in this city are working to improve safety measures for patrons and employees. Most of these casinos are also putting special attention on their online gambling operations, too.

Online Gambling Is More Popular Now Than Ever Before in New Jersey

The world’s gambling industry is changing day-by-day. Prior to March, land-based casino revenue was surging and exciting new casino-resorts were being built around the US. Nowadays, online casinos seem to be the most popular option for most gambling fans.

More people see how convenient and easy online casinos make gambling. As of now, New Jersey is one of the few states with a regulated internet casino industry. This regulation is paying off massively, helping casinos companies to stay afloat while bringing the state valuable revenue.

Not long ago, the American Gaming Association released a report showing how much online gaming revenue has grown in 2020. In regulated markets, revenue from these online gambling options has increased by 80%. This may continue to increase, despite many land-based casinos now open around the country.

Other states are taking notice. Several lawmakers have begun presenting bills to legalize and regulate their online casino and sports betting industries. Several prominent analysts expect a surge of new online gambling regulations to begin appearing around the country.

Fortunately, Atlantic City’s casino revenue is beginning to increase with casinos now reopened. That’s great news for residents and employees in the area. Make sure to stay tuned for updates on the casino earnings here over the next few months.

Do you plan on visiting Atlantic City anytime soon? Let us know in the comments section below!

Casino Revenue in Atlantic City Dropped by 23% in July

July marked the first month that casinos in Atlantic City reopened. Many had questions as to how much money these gambling venues would earn once they began accepting guests again. This week, reports on casino revenue in Atlantic City for the month of July finally surfaced.Revenue Drop Picture

It should come as no surprise that revenue here dropped. Today, we’re going to look at exactly how much money these properties managed to bring in. We’ll also talk about how revenue figures here may change as time goes on.

Let’s get into it!

New Jersey’s Casino Industry is Now Up and Running Again

There’s no doubt that New Jersey has the biggest casino industry on the East Coast. Atlantic City has recovered since the economic recession in 2008 and is now home to some of the country’s best casino-resorts. Back in March, however, all of the casinos here were forced to shut down.

This proved to be devastating to the local economy. A huge number of residents in this city rely on casinos in one way or another. The casino companies here also began to suffer and many feared they would be forced to permanently shut down.

That didn’t prove to be the case. Governor Phil Murphy eventually gave these casinos permission to reopen over the Fourth of July weekend. The Borgata Hotel-Casino began operating again in late July, making it the final gambling venue in the city to open back up.

Intense safety measures are set inside all of these properties. Masks are required on the casino floor. Eating, drinking, and smoking are all prohibited. It seemed likely that visitation would drop with so many safety new rules set in place.

Casino revenue has been dropping around the country. That was particularly true over March, April, and May, when most casinos were closed. This week, we learned how much money Atlantic City’s casinos managed to bring in during the month of July.

Here’s where things stand.

Reports on Casino Revenue in Atlantic City Are Out!

Many had questions about how much money casinos in Atlantic City would make in July. Some had concerns that tourism rates would remain extremely low. Everyone knew that the casinos here would experience a dip in revenue earnings.

According to the New Jersey Division of Gaming Enforcement, casino revenue in Atlantic City dropped by 23% when compared to the same month in 2019. The casinos here managed to bring in just under $248.7 million last month. It’s a significant decline from the $323.3 million made a year ago.

This is not very surprising. As we already mentioned, the Borgata Hotel-Casino was only operational for nine days last month. The regulations we mentioned have also led to a significant drop in tourism, which negatively impacts revenue.

Jane Bokunewicz, coordinator of the Lloyd D. Levenson Institute for Gaming, Hospitality and Tourism at Stockton University, believes the figures represent a win for New Jersey’s casino industry.

“Even with public health precautions in place, there was great concern that patrons would not yet feel safe visiting the casinos in person, and there would be an extended ‘COVID drag’ on the industry,” Bokunewicz said. “Although total casino win for July was down, [the revenue report] shows that a significant number of gamblers were willing to play in person.” 

Casino revenue figures likely won’t return to normal for at least a year. As time goes on, casino companies will likely focus more on their online gambling operations. More states are also beginning to take a closer look at the legalization of sports betting.

More States Are Looking into Sports Betting Legislation

Back in mid-2018, the Supreme Court struck down PASPA. This immediately gave every state in the country the ability to legalize sports gambling. It’s been more than two years, and 24 different states have legalized this form of gambling.

This is proving to be a hugely successful industry. Despite many sports being shut down for months, sports betting has been growing more popular. It’s been an important source of revenue for many casino companies.

State leaders recognize the revenue potential from this industry. For a time, it seemed highly likely that Massachusetts would legalize this form of gambling this year. To the surprise of many, the Massachusetts State Senate rejected the bills to legalize this form of gambling.

The same can be said for California. Gambling proponents have presented several bills to allow sports betting here. Unfortunately, state officials failed to come to a deal with Native American tribes on how to offer sports betting options. It now appears the state’s sports gambling plans will be delayed at least a year.

These delays won’t last forever. Most feel that sports betting will become legal in almost every state within the next few years.

Are you surprised to see casino revenue in Atlantic City drop by so much? When do you expect these figures to return to normal? Let us know in the comments section below.

Here’s How Things Will Look When Atlantic City Casinos Reopen

We’re now just a few days away from New Jersey’s gambling industry relaunching. Many of the biggest casinos in the state are set to open their doors this weekend. Now is the perfect time to discuss how things will look when Atlantic City casinos reopen.Atlantic City

Many people around the state are excited to see these gambling venues open back up. Some, however, fear this could lead to another surge of Covid-19 cases. Here’s what visitors can expect.

Governor Phil Murphy Moves Forward With Atlantic City Plans

As many know, Atlantic City is one of the top gambling destinations in the US. Millions of people, many of whom are based on the East Coast, flock to this city every year to take part in the gambling and entertainment options. Unfortunately, the entire city has been shut down since March.

New Jersey was one of the worst-hit states from Covid-19 early on. Cases began to skyrocket here over the past few months. Towards May, this trend began to slow down and new infections are now dropping in this state.

The shutdown of Atlantic City’s gambling industry cost an incredible amount of money. It also led to a massive number of layoffs. Hundreds of thousands of individuals work in Atlantic City and most were left without a job while the casino and tourism industry here was shut down.

Residents and politicians around the state have called for Atlantic City to reopen. Last month, Governor Phil Murphy told the media that he expects this to happen by July 4th. Murphy agreed to a safety plan presented by the state’s major casino companies.

Despite the sharp rise in coronavirus cases around the country, Murphy seems determined to stick with the current plan. Now, many interested in visiting Atlantic City are asking about how the gambling venues here will look after reopening.

This is What to Expect When Atlantic City Casinos Reopen

New Jersey isn’t the only state that’s working to get its gambling industry functioning again. States across the country have begun to allow their gambling venues to open back up. That includes Nevada, the world’s largest gambling destination.

As we just mentioned, the current plan is for Atlantic City’s casinos to finally reopen on July 4th. That’s exciting news for casino workers and gambling fans here. Of course, many worry that things will be completely different than they were at the start of the year.

It’s no surprise that things will look different when Atlantic City casinos reopen. All of the gaming venues here need to implement strict safety measures to protect their employees and patrons. Some of the casino companies in New Jersey have begun to reveal the measures they are taking to protect public safety.

“The health and safety of our employees and guests are at the center of all that we do, and although we respect the decision we regret that we are unable to welcome back the thousands of employees who are anxious to return to work. We look forward to a time when it is safe to welcome everyone back,” officials within Borgata Hotel & Casino said. 

Before the Atlantic City casinos reopen, they must all be cleaned extensively. Casinos can only accept 25% capacity. Smoking, eating, and drinking are prohibited inside the venue. Table games will be limited to just a few people.

Casinos have also confirmed that the table games will have plexiglass barriers between players and dealers. Strict social distancing measures will also be implemented throughout the casino floor.

We’re just a few days away from the state’s casinos opening back up. Hopefully, things are safe and revenue begins flowing back into the state.

Is it Safe to Reopen US Casinos Right Now?

The world is in an unprecedented time right now. The US has the highest number of Covid-19 cases in the world and states are still struggling to understand how to move forward. Many are now concerned about reopening casinos.

Covid-19 cases are growing quickly around the country. Some states are backtracking on their reopening plans. Over in Nevada, Governor Steve Sisolak announced that masks are now required in all public places. Analysts have concerns that the casinos in this state will be forced to close down again.

It’s clear that many are unhappy with the safety measures that Las Vegas casino companies have set in place. This week, the Nevada Culinary Union announced that it was suing several of the casinos in Las Vegas over this issue.

There will be many new safety measures set in place when Atlantic City casinos reopen. Will they be enough to prevent the spread of this new coronavirus? That remains to be seen. It’s the same issue that businesses around the world are dealing with.

No one can really say how to best approach this situation. For now, state leaders in New Jersey seem content with the current reopening plan.

Are you excited to see Atlantic City casinos reopen? Is now the right time for this to happen? Let us know in the comments section below!

The Reopening Plans for NJ Casinos Are Being Revealed!

According to New Jersey Governor Phil Murphy, casinos in Atlantic City can finally reopen to the public on July 2nd. Many gambling analysts have been asking what safety measures these gaming venues will implement to ensure that things are safe. Now, the reopening plans for NJ casinos are starting to get revealed.Sky View Of Atlantic City

It’s clear that officials in the state want to open casinos in the safest way possible. There are in-depth measures being set in place to achieve that goal. Today, we’re going to look at what is currently being planned.

Let’s get into it!

New Jersey Begins to Slowly Resume Normalcy

Back in March, New Jersey joined almost all other states in completely shutting down. It didn’t take long for rates of Covid-19 to begin surging here. Eventually, New Jersey started recording the second-most infection rates in the country.

Over the past few weeks, these rates have started to drop in this state. It seems the strict lockdown measures set in place are working. That’s great news for the casinos here, many of which have lost millions of dollars this year.

Last week, Governor Murphy gave residents of this state some good news. He announced that a new phase of reopening was set to take place. This Monday, hair salons, barbershops, and other personal care businesses were given permission to reopen back up. Murphy also announced that casinos in the state would begin opening on July 2nd.

Everyone seems happy to see things slowly get back to normal. Atlantic City, in particular, has been hit hard due to this global pandemic. A huge number of businesses and individuals are struggling and reopening casinos may be the only way to turn things around.

Of courses, reopening casinos is proving to be extremely difficult during this time. Many have been wondering how exactly casino companies in this state plan to protect their guests. Now, reports are starting to surface that shed some light on this.

Reports On the Reopening Plans for NJ Casinos Start to Surface

New Jersey is actually one of the last states to allow casinos to open back up. Over the past month, many parts of the country have begun allowing their casino industries to start operating again. That includes Las Vegas, where many of the biggest and best casino-resorts on the planet are located.

Atlantic City remains the gambling hub of the East Coast. There are many fantastic hotel-casinos here, all of which have been closed down for months. As we just mentioned, these venues will finally receive permission to open back up on July 2nd.

As of now, only the Hard Rock Hotel & Casino, Golden Nugget, Ocean Casino Resort, and Resorts Casino Hotel plan to reopen on July 2nd. The reopening plans for NJ casinos are starting to come out. This week, for example, Borgata released its new guidelines to open back up.

Under the new set of rules, employees and guests will be required to wear masks while in public places. Everyone will also be checked for symptoms upon entering the casino floor. Social distancing measures, including separating slots by six feet, are also being implemented.

Borgata President Melonie Johnson spoke about her excitement in reopening to the media this week.

“When we reopen our doors, we do so with excitement to welcome back our employees and guests, and with an unwavering commitment to their health and safety,” she said. “Summer is a special time in Atlantic City, and we look forward to playing a part in offering some much-needed entertainment.”

More details on the reopening plans for NJ casinos are likely to be released soon.

More Las Vegas Casinos Are Set to Open Their Doors

Hope is that enough tourists flock to Atlantic City in order to keep the casinos here afloat. Even with the new guidelines, many believe people on the East Coast will be excited about gambling inside a real casino. We’re seeing tourism slowly increase in the city of Las Vegas.

Many world-class gambling venues are now opened back up in Nevada. Parts of the reopening plans for NJ casinos can be found in these venues. Fortunately, many people still seem to be enjoying themselves here.

Casino companies are doing everything they can to promote safe behavior. News recently surfaced that Caesars Entertainment is offering free slot credits to players wearing masks. Soon, this may not be optional in this city.

Nevada Governor Steve Sisolak recently announced that masks are likely to be required soon. This news comes as infection rates begin to surge around the country. Health officials in Nevada want to avoid another lockdown.

It seems like Atlantic City is about to start getting back to normal. Many major gaming venues are set to open back up early next month. We’ll continue offering updates on this situation as more news becomes available.

Are you planning to visit Atlantic City anytime soon? Let us know in the comments section below!

NJ Casinos Will Officially Reopen on July 2nd

It’s been months since the casinos in New Jersey closed their doors to the public. Since that time, lawmakers in the state have been working to come up with plans for these gaming venues to safely reopen. Fortunately, NJ casinos have been given permission to open up on July 2nd.Governor Phil Murphy

Governor Phil Murphy had been unwilling to offer a specific reopening date for more than two months. It now appears that he’s comfortable with the safety measures that will be set in place inside the state’s casinos. Today, we’re going to discuss what these casinos will look like after they’ve reopened.

Let’s get into it!

How Much Money Has Atlantic City Lost?

Back in May of 2018, the US Supreme Court made the historic decision to remove PASPA. Immediately afterward, every state in the country was given permission to set its own laws on sports betting. It’s been a little over two years since PASPA was removed and more than 20 states now have a legalized, regulated sports gambling industry.

New Jersey was one of the first states to legalize this form of gambling. Before long, all of the casinos in Atlantic City began offering land-based and online sports gambling options. This seems to have brought new life to the city.

Gambling revenue has been steadily increasing in Atlantic City over the years. This past March, however, this money completely stopped flowing in. All NJ casinos were forced to close their doors and the casino companies here began losing millions of dollars every week.

In May, gaming revenue in this state decreased by 65% compared to the same month in 2019. The only money coming in is through the casino’s online gaming platforms. The casino shutdown has also stopped tourism, resulting in an incredible amount of job and revenue loss.

Last week, the NJ State Senate approved a new bill to help those affected by the casino regulations. In reality, however, things won’t begin to truly improve until the casinos here open back up. Lawmakers recognize this fact, and have now set a date for casinos in the state to start accepting guests again.

NJ Casinos Receive Permission to Reopen on July 2nd

Pressure has been mounting on Governor Phil Murphy to lift the restrictions on casinos. Many have been arguing that unless something changes, Atlantic City might never look the same. Murphy held a press conference today and announced that all NJ casinos will be able to open back up at 25% capacity on July 2nd.

This is what everyone wanted to hear. Murphy had previously told the media that the casinos in this state would likely be able to reopen by Fourth of July weekend. Things aren’t going to be quite the same here for some time, though.

Even so, many of the casino owners in this state have expressed their excitement to see the regulations here lifted. Joe Lopo, president of the Hard Rock Casino in Atlantic City, spoke to the media this week about the news.

“We’re delighted to get the reopening date,” Lopo said. “We thank the governor that we’ll be able to be open for the July 4th weekend to meet the demand on the world-famous Atlantic City Boardwalk.”

Strict social distancing measures will be required inside all the casinos in the state. Many of the same restrictions currently set inside Las Vegas casinos will be required here.

Things are certainly beginning to improve here. Restaurants in the state have also been given permission to allow inside dining beginning on July 2nd. We’ll need to wait and see how quickly tourism rates and gaming revenue begin to increase with these restrictions lifted.

Are Some States Looking to Close Casinos Once Again?

States around the country are now beginning to reopen their casino industries. It seemed like rates of Covid-19 were starting to drop quickly. Unfortunately, several states are now beginning to see their infection rates surge.

That includes Florida, which has recently allowed its major casino-resorts to start accepting players again. Some health experts warn that Florida is the next epicenter of the virus in the US. As of now, however, state officials here seem unwilling to discuss lockdown plans once again.

Nevada’s casino industry is now back up and running. Many of the biggest casino-resorts in the state have already reopened. More are set to start operating again over the next couple of weeks.

As of now, infection rates are remaining relatively low in Nevada, and Clark County specifically. It would take an incredibly large outbreak for state officials to close the casinos here again. Many feel the city would be unable to cope with a similar lockdown experienced over the past few months.

NJ casinos are set to open in just a few weeks. This may push lawmakers in New York to reopen their gaming venues, as well. Make sure to stay tuned for updates on this situation as it develops.

Are you excited to see Atlantic City start getting back to normal? Do you plan on visiting this city anytime soon? Let us know in the comments section below!

Here’s What to Expect at Atlantic City Casinos When they Reopen

Casinos across the United States are finally reopening their doors. Atlantic City is one of the last major gambling hubs to open back up. This week, we received some information about what to expect at Atlantic City casinos once they start accepting guests again.Governor Phil Murphy

For obvious reasons, officials in this city are concerned about safety. When the gambling venues in AC open, they won’t look quite the same as they did back in February. Today, we’re going to discuss how these venues will be set up for guests.

Governor Murphy Discusses Opening Date for AC Casinos

There is no bigger gambling destination on the East Coast quite as big as Atlantic City. This part of New Jersey has grown tremendously over the past decade. Prior to the global pandemic, both casino and sports betting revenue here were surging.

In March, things came to a screeching halt. Rates of Covid-19 began to increase rapidly throughout New Jersey. By mid-March, Governor Phil Murphy began ordering all of the casinos in Atlantic City to close their doors.

For residents and business owners in this city, the casino closures were cause for concern. Many had flashbacks to the financial crisis of 2008, when many of the top casinos here ended up going bankrupt. As the weeks went on and the casinos here remained closed, the calls to lift regulations started to increase.

Late last month, Governor Murphy spoke to the media about this situation. He expressed concern about opening things too early. Murphy recognizes how important these casinos are, though, and announced that he expects Atlantic City’s gambling venues to reopen by the 4th of July.

Some felt this date was too far away. The casino companies here are losing money every single day. Others were simply happy to see the light at the end of the tunnel. Now, we’re beginning to hear more about what to expect at Atlantic City casinos when they open up next month.

Here’s What to Expect at Atlantic City Casinos

As we mentioned earlier, many states across the country are beginning to allow casinos to reopen. That includes ones in Oklahoma and Nevada. According to Governor Murphy, the casinos in Atlantic City should be allowed to start accepting guests early next month.

Many residents have been asking how these gaming venues will look. That picture is starting to become more clear. Resorts Casino Hotel, one of the biggest and best venues here, released a report that details some of the measures being set in place.

Guests here can expect similar measures to those set in Las Vegas’ recently-reopened casinos. That includes social distancing measures on the casino floor. Some venues will also install ultraviolet lights in high-traffic areas and a bipolar ionization system to purify the casino’s air.

Mark Giannantonio, the CEO and President of this casino-resort, claims he’s extremely excited to see things getting back to normal here.

“We are excited about being one of the safest destinations in our region upon reopening,” Giannantonio said. “We want our guests to be able to enjoy the friendly and warm experience that has always been part of our core values.”

It’s safe to assume that things will be a little different here than they were in the past. Plexiglass separators will likely be installed at table games. Casino employees will also likely be required to wear masks.

The success of Las Vegas may help speed up the process of reopening the casinos here.

The First Weekend Of “Reopened Las Vegas” Has Wrapped Up

On June 4th, several of the biggest casino-resorts in Las Vegas finally opened back up. Many analysts around the country were extremely interested to see how things would play out. The weekend has wrapped up and tourists here are now heading home.

Some of these tourists spoke with the Las Vegas Review-Journal about their experiences in the city. Most visitors claim they had a great time in this city. Officials in Nevada have to be happy to hear this.

Corrie Byrd, a visitor from Texas, told the LVRJ he had a great trip.

“Overall, it was still fun Vegas for us,” he said. “The crowd was a little lighter than normal.”

That’s a common talking point amongst visitors. Just about everyone seemed to talk about the small crowds. As time goes on and more casinos open here, these crowds will continue to get bigger.

Officials in New Jersey have to be pleased to see things work in Las Vegas. The same things we expect at Atlantic City casinos can be seen here. We’ll continue to offer updates on the situation in New Jersey over the next few weeks.

Are you excited to see Atlantic City’s casinos reopen? Let us know in the comments section below!

Casinos in New Jersey May Reopen by July 4th

Since March, all of the casinos in New Jersey have been completely shut down. Cities like Atlantic City, that rely heavily on their gambling industries, have been hurting badly from these regulations. Fortunately, Governor Murphy claims that casinos in New Jersey may finally reopen to the public by the Fourth of July.New Jersey

Many states have already begun allowing their casinos to open back up. Some will begin lifting their restrictions next week. Today, we’re going to look at what lawmakers in New Jersey have planned to revive the state’s casino industry.

Let’s get into it!

Coronavirus Cases Continue to Drop in New Jersey

For weeks, New Jersey has been the second-worst affected state in the country in terms of Covid-19 cases. As of today, more than 161,000 individuals here have been infected with this new respiratory virus. As a result, strict regulations are set in place here.

Many businesses are completely shut down in this state. Many restaurants, gyms, and other venues that draw in large crowds may be forced to permanently close. The worst thing is that many are unaware of when these restrictions will be lifted.

New Jersey’s casino industry has taken a major hit over the past few months. Atlantic City is thought to be the gambling hub of the East Coast. Since March, however, this city has been essentially shut down.

Cases of Covid-19 are continuing to drop. Many feel that it’s time to start allowing certain businesses to operate again. Governor Phil Murphy is hesitant to start getting back to normal, and fears another major wave may be just around the corner.

Tens of thousands of individuals have lost jobs due to the casino shutdown in New Jersey. Fortunately, we may be close to seeing things get better. Murphy claims that some of the gambling venues here may reopen by mid-summer.

Governor Murphy Comments on Reopening Casinos in New Jersey

Casinos were some of the first venues that states shut down when this coronavirus first began spreading in the US. Many felt that casinos were perfect places for this virus to quickly spread. As time went on, some states began slowly allowing casinos to open back up.

Governor Murphy has refused to say when casinos in New Jersey will be allowed to open back up. He claimed it would depend on how quickly infection rates started to fall. Casino owners in the state continued to push lawmakers to make a change.

Fortunately, Murphy feels that it’s almost time to reopen the state economy. The Governor spoke to the media this week about getting the state’s gambling industry back up and running. He gave some insight into when this may take place.

“It’s probably still too early to give you a very specific answer but there’s a lot of work going into that right now,” Murphy said. “But we are trying like heck to get toward, I hope, before the Fourth of July or at least by the Fourth of July … that we’re in a position where we can say, you know what, subject to a lot of different parameters the casinos can be open again.”

Murphy is correct in saying it’s difficult to reopen casinos. Many states are still looking at how to do this safely. The Governor seems to recognize how important this is, though.

Casinos in Las Vegas are scheduled to open over the next few days. Perhaps this will give the Governor some ideas on how this can be done safely and effectively.

Several Major Las Vegas Casinos Will Open Tomorrow

Atlantic City is one of the top gambling destinations in the city. Las Vegas, however, remains the biggest casino hub on the planet. Under normal circumstances, tens of millions of visitors fly here every year to enjoy the gambling and entertainment options.

All casinos here have been shut down since March. In the past, this would have seemed impossible. These are unprecedented times and an incredible amount of money has been lost due to the regulations.

On June 4th, several major casino-resorts here will finally reopen. Casino companies have established plans to protect their guests and staff. Nevada’s leaders feel these plans are good enough to allow casinos to reopen.

It remains to be seen how many tourists will begin visiting Las Vegas. Many of the casino owners here have been offering new travel deals to entice tourists. Derek Stevens, owner of The D Hotel-Casino, even offered 1,700 free flights to bring people to the city.

Hope is that the casinos here start generating serious revenue. The city certainly needs it. If all goes well, we may see the casinos in New Jersey open back up earlier than some people initially expected.

Do you think it’s time for the casinos in NJ to reopen? Let us know in the comments section below.

We Might See a Water Park in Atlantic City Soon

New Jersey is having some of its worst months in history. All of the casinos here are completely shut down and tourism is lower than it’s ever been. Interestingly, one major hotel owner claims he plans to build a massive water park in Atlantic City.Atlantic City

City officials here are looking at new ways to promote tourism. This water park is just one of many ideas to help achieve this goal. Today, we’re going to look at the details of this new and exciting project.

Revenue in Atlantic City Continues to Fall

It’s not uncommon for a casino town to see dips and raises in its gambling revenue. It is uncommon, however, for gambling revenue to almost completely stop flowing in. Unfortunately, that’s what we’re seeing here in Atlantic City.

Earlier this year, things were looking great in this city. The legalization of sports betting and improvements to the land-based casinos brought in a huge number of tourists. Many felt we were seeing a “Golden Age” for Atlantic City.

That’s no longer the case. Back in March, all of the casinos in this city were forced to close their doors to the public. This has already proven to be devastating to the local economy. Thousands of people have lost their jobs here and many businesses are losing millions of dollars.

It’s not entirely clear when this trend will begin to change. Governor Phil Murphy is still not able to say when the casinos in Atlantic City will be given permission to open their doors. Even when these casinos are able to open, it’s tough to predict how much revenue these venues will earn.

Residents and city officials are desperate to see something change. If things remain how they currently are, many of the businesses here won’t be able to stay afloat. This week, one major hotel owner in the city announced a new idea to help boost tourism rates.

Bill Blatstein Plans to Open a Water Park in Atlantic City

Now might not seem like the most ideal time to make massive investments in Atlantic City. Some feel that this is exactly what needs to happen in order to get things back to normal. Bill Blatstein, the owner of the Showboat Hotel, has announced that he plans to build a $100 million water park in Atlantic City.

This water park will sit adjacent to the Showboat Hotel. The current plan is for groundbreaking on this project to begin in August. Blatstein claims this is something the city could use to start drawing in more tourists.

“Atlantic City does not have a family market,” he said. “This will open up a whole new market that doesn’t exist.” 

Atlantic City is thought of as a major gambling destination. Not many consider it a family vacation area. The Showboat Hotel owner believes it’s time to change that perception. The water park should help with that.

Of course, nothing has been officially set in stone. Things are far from normal in New Jersey and a major project like this one may take years to complete. Many are still excited to hear that major business owners here are focused on the future.

It’s a very unusual time for casino markets across the country. As many know, Las Vegas is scheduled to open back up next week. Here’s what we can expect.

Las Vegas Casinos Are Just Days Away From Reopening

There’s no doubt that Atlantic City is the biggest casino town on the East Coast of the United States. Las Vegas, however, remains the country’s gambling hub. After Governor Sisolak’s recent approval, casinos are now scheduled to open here on June 4th.

This isn’t the first city to start allowing casinos to operate. Many parts of the country have given casino owners permission to start accepting guests again. In some areas such as Oklahoma, casinos are seeing a huge number of guests lined up to start placing bets.

We’re already seeing travel deals in Las Vegas pop up. Today, for example, casino owner Derek Stevens began offering free flights into the city. Many casinos have reduced their room rates, as well.

Only time will tell how many people decide to visit and gamble in Las Vegas. This city is in serious need of tourism right now. We’ll be sure to offer updates on the gambling revenue earned here over the next month.

Many parts of the country are beginning to open back up. Officials in Atlantic City are looking at new ways to boost tourism. If all goes according to plan, we’ll see a water park in Atlantic City built in the near future.

Do you think this water park will help the city? When do you expect casinos in AC to reopen? Let us know in the comments section below.

Bally’s Atlantic City is Purchased by Twin River Holdings

All of the casinos in Atlantic City are still shut down. That doesn’t mean ownership of these venues can’t change hands, though. New reports indicate Twin River Holdings has officially purchased Bally’s Atlantic City for $25 million.

Ballys Atlantic City

It’s not a huge surprise. The previous owners are selling property to make way for a massive deal. Today, we’re going to look at the details of this major casino sale.

Let’s get into it!

Eldorado Resorts and Caesars Entertainment Continue Merger Plans

As most are well aware of, Eldorado Resorts decided to purchase Caesars Entertainment back in June of 2019 for an incredible $17 billion. It was the largest merger between two casino companies in history. Of course, a deal of this magnitude takes time to complete.

Before these companies can join, they must be given the green light from regulatory bodies around the US. That’s exactly what’s happening right now. Both companies are working to gain government approval to push the deal forward.

Early this year, three major state gambling commissions approved this deal. For a time, it looked like this merger would be approved before the end of the year. Unfortunately, things have slowed down over the past few weeks.

The spread of the coronavirus has shut down the entire US casino industry. As a result, many major casino companies are now losing millions of dollars every single month. This has taken a toll on both Eldorado Resorts and Caesars Entertainment.

These companies are now doing everything they can to continue their plans. Caesars is working to sell properties to gain additional revenue and appease state gambling commissions. New reports claim Caesars just sold one of its biggest and most profitable gambling venues.

Caesars Entertainment Officially Sells Bally’s Atlantic City

Atlantic City is now home to many world-class gambling venues. Prior to the global pandemic, this New Jersey city was earning an incredible amount of revenue from its gambling industry. That’s now changed and all the casinos here are now closed to the public.

Many of the biggest casino companies in the country now operate gambling venues in Atlantic City. This includes Caesars Entertainment. Last week, however, news surfaced that Caesars had officially sold Bally’s Atlantic City to Twin River Holdings.

This is a major deal for Twin River, which paid $25 million for this gambling venue. 2020 has been a big year for this company, which recently acquired three new casino-resorts in Colorado. Most analysts claim this is the biggest casino acquisition for this company to date.

Soo Kim, chairman of the company’s board of directors, commented on this new deal to the media this week.

“This is a great deal for Twin River, and diversifies our business across eight states,” Kim said. “It reaffirms our commitment to employees, customers and the communities in which we operate that Twin River will be stronger than ever.”

Interestingly, Caesar’s will retain certain parts of this venue. That includes the casino’s sportsbook. Hope is that the sale of this casino allows the New Jersey gambling commission to approve the merger between Caesars and Eldorado Resorts.

New Jersey is Still Weeks Away From Reopening

The new coronavirus has taken a serious toll on the entire US economy. One of the hardest-hit industries is the land-based casino industry. As we mentioned earlier, all casinos across the country are closed to the public.

Places like Atlantic City are being hit particularly hard. Officials here have continued to ask Governor Phil Murphy for a timetable on when gambling venues will be allowed to open again. It seems this is unlikely to happen for at least the next few weeks.

New Jersey has one of the highest Covid-19 death rates in the country. Obviously, things will not be able to become normal here overnight. Governor Murphy recently spoke about the situation to the media and claims it may be some time before the state opens again.

“I think the best understanding of the data right now is that we are still a number of weeks away,” he said. “We’re not of the woods yet. The mandate to stay at home and stay away from each other is still very much in effect until we can break the back of this curve.”

How exactly this will affect casinos like Bally’s Atlantic City is still unknown. The federal government is working on ways to help casino operators. Unfortunately, even major payouts may not be enough for some of these venues to remain open.

It’s a very unusual time for the US gambling industry. Stay tuned for more Atlantic City casino news over the next few weeks!