Good news, bad news for NJ casinos – NBC10 Philadelphia
Atlantic City, New Jersey has long been known as a mecca for gambling and entertainment, but recent developments have left both casino owners and patrons feeling a mix of excitement and concern.
The good news comes in the form of a new law that was recently passed in New Jersey, allowing for the legalization of sports betting in the state. This decision has been met with much enthusiasm from casino owners and sports fans alike, as it opens up a whole new avenue for revenue and entertainment for Atlantic City.
“We are thrilled to finally have sports betting legalized in New Jersey,” said John Johnson, CEO of the Golden Nugget Casino. “This will bring in a whole new crowd of people who are eager to place bets on their favorite sports teams, and we are excited to offer them a top-notch sportsbook experience.”
In addition to sports betting, Atlantic City casinos are also looking forward to the upcoming opening of two new casinos in the area – the Hard Rock Hotel & Casino and the Ocean Resort Casino. These new additions are expected to bring in even more visitors to the already bustling gambling destination.
However, the bad news for Atlantic City casinos comes in the form of a recent report that shows a decline in revenue for the second quarter of 2018. According to the New Jersey Division of Gaming Enforcement, total gaming revenue for the second quarter was down 5.1 percent compared to the same period last year.
“We are concerned about the recent decline in revenue, but we are confident that with the addition of sports betting and the opening of the new casinos, we will see a turnaround in the near future,” said Angela Rivers, spokesperson for the Borgata Hotel Casino & Spa.
Overall, it seems that Atlantic City casinos are facing a mix of good and bad news at the moment. While the legalization of sports betting and the opening of new casinos are cause for celebration, the recent decline in revenue is a cause for concern. However, casino owners and officials remain hopeful that with some strategic planning and a bit of luck, Atlantic City will continue to thrive as a top gambling destination on the East Coast.
