Atlantic City casinos saw a significant increase in revenue for the month of March compared to February, signaling a positive trend for the struggling gambling hub. According to the latest figures released by the New Jersey Division of Gaming Enforcement, the casinos reported a total revenue of $186.3 million in March, a 14% increase from the $163.4 million reported in February.
The boost in revenue can be attributed to several factors, including a slight uptick in tourism and increased visitation to the city as COVID-19 restrictions continue to ease. In addition, the NCAA March Madness basketball tournament drew in a large number of sports bettors and casino-goers looking to place wagers on the games.
Among the casinos that saw the biggest revenue gains in March were Borgata Hotel Casino & Spa, which reported a 19% increase in revenue to $55.1 million, and Hard Rock Hotel & Casino Atlantic City, which saw a 16% increase in revenue to $40.2 million. Other casinos that experienced revenue growth included Tropicana Atlantic City, Caesars Atlantic City, and Golden Nugget Atlantic City.
The positive revenue growth in March comes as welcome news for Atlantic City, which has been hit hard by the COVID-19 pandemic and faced numerous challenges in recent years, including increased competition from neighboring states and the rise of online gambling. The city’s casinos have been working hard to attract visitors and boost revenue, offering promotions, events, and entertainment to entice guests.
Despite the revenue increase in March, some casinos are still facing challenges, including ongoing labor shortages and supply chain disruptions. However, casino operators remain optimistic about the future and are hopeful that the positive revenue trend will continue in the coming months.
As Atlantic City looks to rebound from the effects of the pandemic, the increase in casino revenue in March is a promising sign of recovery for the gambling destination. With summer fast approaching and more tourists expected to visit the city, casinos are hopeful that the positive momentum will continue and lead to sustained growth in the months ahead.
