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Atlantic City Casino for the first time in 10 years demonstrates revenue growth

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Gambling in Atlantic City broke a ten-year string of losses due to online gambling segment.

The top casinos of New Jersey broke a chain of losses which has existed for over 10 years. Income from gambling for 2016 showed a moderate increase of 1.5% compared with the previous year. Last profitable year for the casinos of Atlantic City was 2006. In 2006 has been set a peak in the revenue – $5,2 billion.

Revenues of New Jersey gambling establishments against best online gambling websites, difference amounted to $196.7 million, which is an index of 32% more than in 2015. This amount includes income from the casino, which is also increased by 36% and equivalent to $170.2 million at the same time, the second component of the total profit -. Income from poker – increased by 11%.

Land-based casinos had small loses in 2016. Only two gambling establishments showed a decrease in revenue. However, without an online component, all the income from gambling would be lower by 0.3% compared to 2015.

Note that such a result would support a casino in Atlantic City, for the past three years have been a difficult period for them: 5 gambling institutions was closed and 11,000 people lost their jobs.

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