Atlantic Metropolis casinos skilled their finest Could in virtually a decade, as brick-and-mortar gross gaming income (GGR) exceeded $233 million.
The Atlantic Metropolis Boardwalk is bustling as soon as once more, and casinos are reporting a surge in gaming income. Land-based on line casino win topped $233 million in Could 2022, the business’s finest quantity for the month of Could since 2012. (Picture: New Jersey On line casino Reinvestment Improvement Authority)
Could 2022 represented a greater than 9% year-over-year acquire and 4.5% enchancment on pre-pandemic Could 2019. The land-based win marked one of the best Could efficiency for Atlantic Metropolis since 2012.
The business’s on line casino win was the strongest reported determine within the month of Could for the previous 9 years,” James Plousis, chair of the New Jersey On line casino Management Fee, advised On line casino.org.
Whereas Could 2022 was a robust month for retail on line casino gaming, Caesars, Golden Nugget, Harrah’s, and Resorts all reported decreased brick-and-mortar on line casino win from Could 2021. Nevertheless, these losses had been greater than offset by important positive aspects made by Borgata and Arduous Rock, the 2 market leaders in Atlantic Metropolis.
MGM Resorts Borgata continued its market dominance with $63.4 million — a 30% year-over-year spike. Arduous Rock was a distant second at $41.5 million, representing an almost 19% surge for the Boardwalk property.
Land-Primarily based On line casino Win — Could ’22
Borgata — $63.4M
Arduous Rock — $41.5M
Ocean — $25.3M
Tropicana — $21.7M
Harrah’s — $21.2M
Caesars — $20.3M
Resorts — $14.1M
Golden Nugget — $12.8M
Bally’s — $12.7M
iGaming, Sports activities Fare Properly
Could was one more stable month for iGaming and sports activities betting. GGR from on-line casinos climbed 26% from Could 2021 to $136 million. Oddsmakers generated a further $61.6 million — 16% higher than a yr in the past.
All mixed, New Jersey’s gaming business — the second-richest within the nation behind Nevada — received over $430.6 million from gamblers in Could.
“Atlantic Metropolis’s on line casino win and whole gaming income continued to outperform the identical interval final yr in addition to pre-pandemic ranges. Complete gaming income was the best for Could in over a decade due to progress in on line casino win, near-record web gaming win, and a rise in sports activities wagering income,” Plousis defined.
Darkish Cloud Looms
Enterprise is seemingly good for Atlantic Metropolis casinos, however an incredible risk lingers over the business. The collective bargaining agreements that govern employee contracts in any respect 9 properties expired June 1.
The native Unite Right here union, which represents 10,000 employees engaged in numerous resort occupations, together with housekeepers, bartenders, cocktail servers, cooks, bellmen, and doormen, approved a strike yesterday. The strike consent permits for a walkout at any level after July 1. The union is in search of its members’ unspecified “important” pay improve.
Even when the 2 sides come to an settlement earlier than the July 4 vacation, the failure to achieve an settlement earlier than the contracts expire may hamper bookings. Final month, the union started warning summer time vacationers that their holidays may very well be interrupted by the continued labor talks. The union debuted a web site itemizing non-gaming union inns that aren’t impacted.
“The Atlantic Metropolis on line casino business is having fun with rising income, however employees are struggling to make ends meet. They want wage will increase and secure workloads,” the union stated.
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