The new Hard Rock Hotel and Casino in Atlantic City, NJ, had a booming first summer! Online gaming has been catching on and the resort brought in $31.3 million with the new online iGaming. The newly renovated resort has ocean view rooms, a giant guitar and cool music memorabilia throughout the hotel and casino areas. The music and colorful atmosphere in the casino invites guests to play. Profits were $30.8 million for the month of August, a little lower than July, which saw $32.4 million in profits. The casino and resort opened its doors in June.
People Are Loving Online Gambling Sites
There are games galore! Online slots, poker, black jack and wheel of fortune, just to name a few. With the new age of smart phones and tablets, online gambling is on the go. These are trustworthy, legal, and ready-to-play online casino games. Many offer bonuses for signing up with an account. It’s no surprise Hard Rock Casino boosted revenue over $100k reporting $329k for the month of July and $439k for August. Ocean Resort had huge profits earning $385k in August up from $249k in July. Keep in mind that Ocean Resorts online gaming was only open for twenty days in the month of July.
Revenue Figures Atlantic City
It’s obvious Atlantic City had room to grow since revenue was 11.94% higher than last July totaling $299.8 million. August profits were amazingly good up 22.5%, proving the new resorts and online gambling are here to stay. In addition, Atlantic City has the new sports betting business DraftKings Sports book. It is the first online and mobile sports betting service legally in New Jersey. They generated $2.9 million out of the $5.2 million from online sports betting. All the casinos on land had boosted revenues up 20.75%, or $269.9 million from previously $223.6 million in August and July, respectively. Altogether New Jersey profited $303.9 million, up a sweet 24.13% for a very profitable summer.
The Numbers Game
It was unclear last month how Ocean Resort and Hard Rock Hotel and Casino would do. The seven other existing resorts and casinos had experienced losses such as Bally’s at -10.69%. Most other casinos also profited only slightly or went down slightly. With a positive outlook from the summers numbers the future for Atlantic City is positioned to continue to grow.