Atlantic City casinos generated $208.6 million in November, a 5.7% year-on-year increase from the $223.9 million generated in November 2024.
Slot revenue saw a 1.3% increase, rising from $167.7 million to $169.8 million. Table games revenue saw a double-digit revenue rise, increasing 19.1% year-on-year from $56.2 million to $67 million, with the Borgata casino seeing the most impressive table games revenue increase of 70.2%, rising from $14.6 million to $24.8 million.
In other news, New York has recently approved three new casinos in New York City. In response, New Jersey public officials are raising concerns about maintaining a competitive edge in the casino gaming industry, with proposals for new casinos and casino expansions.
Big wins boost big losses
The latest report from the New Jersey Division of Gaming Enforcement shows that of the nine casinos in the state, only three reported year-on-year gains, with one seeing revenue remain stable and five reporting year-on-year losses.
The Borgata Hotel Casino saw the most significant gains year-on-year in November, with revenue rising 25.2% from $57.6 million to $72.1 million, with both table games and slots revenue rising.
Additionally, the Ocean Casino Resort saw revenue rise in November, increasing 14.7% from $34 million to $39 million, after table games revenue for the casino rose 44.8% year-on-year from $8.2 million to $11.9 million.
The only casino to see its revenue remain stable was Harrah’s Atlantic City, which saw a minor increase of 0.1% from $18.36 million to $18.38 million.
The biggest loser in November was Caesars Atlantic City casino, which saw revenue decline 24.3% year-on-year from $16.5 million to $12.5 million.
Other significant losses were reported by the Resorts Casino, with a 14% year-on-year loss from just under $14 million to $12 million, and the Golden Nugget casino, which saw revenue fall 6.7% from $11.7 million to just under $11 million.
N.J. senators plan to keep gaming revenue in state after NYC casinos approval
Earlier this month, three casino licenses were granted in New York City, and New Jersey senators are currently making plans to ensure casino revenue remains in the Garden State.
Proposals have been floated to introduce gaming in the state outside of Atlantic City. The transformation of the Meadowlands Racetrack into a casino, along with a casino in Central Jersey, has been introduced by one lawmaker, which may be grouped with the $2 billion convention center proposal.
While the three Manhattan casino proposals in New York City were rejected, the Senators thought that the new casinos could still have a significant impact on the Atlantic City gaming industry.
The introduction of a casino in North Jersey would rely on a referendum in 2026, which, when proposed in 2016, was rejected by voters; however, they did approve the introduction of sports betting two years later.
Senator Paul Sarlo discussed how the introduction of a new casino in New Jersey would be a prime focus for the state after the 2026 FIFA World Cup at MetLife Stadium.
“After we leave the world stage when the FIFA World Cup exits New Jersey, our next focus should be constructing a world-class convention center and casino at the Meadowlands and gaming at the Monmouth Racetrack,” he said.
Analysts have stated that the new casinos in the state will need to be high-end to compete with New York City. Proposals for the new casinos include shows, food and dining, indoor and outdoor pools, and niche sports betting offerings.
Overall, while New York City casinos could threaten Atlantic City’s revenues, New Jersey Senators have demonstrated that they have planned and are prepared for competition with New York City.
Credit Casinos.com
