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Atlantic Metropolis casinos win $345M in June, new month-to-month document

ATLANTIC CITY, N.J. (AP) — Atlantic Metropolis’s casinos set a brand new month-to-month document for gross playing income in June, profitable greater than $345 million from gamblers as pandemic fears eased considerably and gamblers returned with their wallets.

That determine was practically 4 occasions as a lot because the 9 casinos gained final June, once they had been closed as a result of coronavirus outbreak. Beginning subsequent month, the year-to-year comparisons will turn into legitimate once more as most casinos reopened on or close to July 2, 2020.

When sports activities betting cash gained by three racetracks is added to the equation, the June whole rises to almost $393 million.

That simply surpassed the $278 the casinos and tracks gained in June 2019, earlier than the pandemic hit.

June is the standard begin of the summer season season for the casinos, their busiest and most worthwhile time of yr, and trade observers had been eagerly awaiting the June outcomes.

The numbers “didn’t disappoint, coming off a close to document single month excessive in Might of $337.2 million to set a brand new single month whole gross gaming income document,” stated Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton College. “On line casino patrons don’t have to go to the on line casino in-person so as to gamble, the truth that they’re visiting suggests they’re getting extra out of the expertise than playing alone.”

James Plousis, chairman of the New Jersey On line casino Management Fee, famous that for the final three months, on line casino income progress has exceeded 20% in comparison with the identical interval in 2019.

“I’ve seen first-hand that visitation to Atlantic Metropolis is on the rise, vacationers are completely satisfied to be coming again, and the summer season season is off to a optimistic begin,” he stated.

“We’re inspired by this momentum, which speaks to the consolation of holiday makers returning to the Jersey Shore this summer season to take pleasure in premiere gaming, hospitality and leisure,” stated Joe Lupo, president of Laborious Rock Atlantic Metropolis.

“The elimination of COVID restrictions and the return to normalcy bode properly for us,” added Terry Glebocki, CEO of the Ocean On line casino Resort.

Borgata led the pack with $97.7 million in income, adopted by Laborious Rock at $41.6 million; Tropicana at $27.four million; Ocean at $26.6 million; Harrah’s at $21.three million; Caesars at $20.three million; Resorts at $13.9 million; Golden Nugget at $12.2 million, and Bally’s at $11.6 million.

Amongst internet-only entities, Resorts Digital gained $35.5 million, Golden Nugget On-line gained $27.6 million, and Caesars Interactive NJ gained $9.three million.

New Jersey gamblers made $766 million price of sports activities bets in June. After paying profitable bets and bills, the casinos and tracks saved $71.2 million of that.

The Meadowlands Racetrack in East Rutherford, simply exterior New York Metropolis, gained $44.5 million; Monmouth Park in Oceanport close to the Jersey Shore gained $2.5 million, and Freehold Raceway, which has but to ramp up its sports activities betting operation in any significant manner, gained $132,775.

Web playing income was up greater than 26% in June from a yr earlier, rising to $107 million.

To date this yr, the casinos and tracks have gained greater than $2.1 billion, twice the quantity they’d gained over the identical interval final yr, which included the three half of months that the casinos had been shut down.

 

Supply: Related Press Wayne Parry 

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