February 13, 2015
The Borgata Hotel Casino and Spa in Atlantic City reported Thursday that revenue rose 14 percent in the fourth quarter of 2014 - up to $179.1 million - despite an overall awful year for the city, which has been crippled by failing casinos and citywide revenue issues.
The aforementioned figure includes $7 million from online gaming and "significant growth” in on-site gaming and nongaming areas, VEGAS INC reported.
“While it is always risky to say we’ve turned a corner or that there is light at the end of the proverbial tunnel, let me say that January’s results are very encouraging,” Matthew Levinson, chairman of the state Casino Control Commission told Donald Wittkowski, The Press of Atlantic City’s casino industry reporter.
The
latest casinos earnings report seals Borgata’s continued standing as the king
of the Atlantic City market, both in Internet and on-site gambling revenue.
Overall, Atlantic City’s casino industry is off to an “encouraging
start” for 2015, reports Donald Wittkowski, The Press of
Atlantic City’s casino industry reporter. He writes that the city’s eight
surviving casinos saw an almost 19 percent increase in January over the same period last year.
Read the full
article here.
Bally's: $15.8 million, up 6.7 percent
Borgata: $60.9 million, up 16.6 percent
Caesars: $23.1 million, up 29.8 percent
Golden Nugget: $18.3 million, up 69.6 percent
Harrah's: $30.7 million, up 20.1 percent
Resorts: $11 million, up 31.8 percent
Tropicana: $22.5 million, up 28.6 percent
Trump Taj Mahal: $12.1 million, down 21.2 percent
Source: New Jersey Division of Gaming Enforcement.
