Coronavirus recuperation for Atlantic City casinos
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August's gross gaming revenues for Atlantic City casinos increased by 31% year-on-year to $427.6 million. August of 2020 was the first full month of restored casino operations following a full coronavirus-related shutdown that lasted 108 days.
Gambling revenues for Atlantic City casinos rose by 32% year-on-year last month to top $262.4 million. Online gambling revenues increased by 29%. New Jersey facilities processed approximately $52 million in sports wagers.
Jane Bokunewicz is the Institute Coordinator for Stockton University’s Levenson Institute for Gaming, Hospitality and Tourism. She reports that every one of the casinos in Atlantic City had chalked up year-on-year rises in August gross gaming revenues.
Mohegan Casino Hotel facility from the Mohegen Tribe saw its gross August gaming revenues increase by more than 35% year-on-year to $18.6 million. Hard Rock Hotel and Casino Atlantic City property from Seminole Tribe of Florida experienced an analogous 33% boost to about $52.4 million as in-person receipts hit a city-wide best of approximately $13 million in August.
Joe Lupo is the President of the Hard Rock Hotel and Casino Atlantic City. He reports that local casinos had been helped by the state’s recent revocation of coronavirus-related capacity limitations. However, the city's August gross gaming revenues were still 8.4% down on the figure for the same month in 2019.
