The June 2016 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM Wednesday, July 13, 2016.
In another “same old, same old” the Atlantic City revenue was flat, and the happenings around town are dominated by other news including the New Jersey approved sale today of the Gem of Atlantic City, The Borgata, to MGM Grand Resorts for $900 Million.
Total Gaming Win from the Casino Hotels was $213.9 million in June 2016 compared to $216.6 million June 2015 reflecting a 1.2% Decrease.
For the month, Casino Win was $197.5 million and Internet Gaming Win was $16.4 million. Internet Gaming in June 2015 was $11.7 million.
2016 May Poker was 12.0% of Total Internet Revenue versus 15.7% in 2015.
2016 May Casino was 88.0% of Total Internet Revenue versus 84.3% in 2015.
ONLINE GAMING RESULTS
The NJDGE official report for June Online Poker revenues show June versus May, $1.96 million to $2.57 million, Down by 23%, and Casino Games, $14.43 million versus $13.97 million, UP by 3.3%. Total New Jersey Online Revenue was $16.4 million Down by 1%.
The Borgata and Party Poker including Pala Entertainment combination continued its move ahead as the leading revenue producing I-Gaming site(s) in New Jersey with a 23.0% share in spite of dropping to it to third place in poker for the first time and dropping from first to third spot in casino games).
Golden Nugget/BetFair secured a revenue share of 21.5%, jumping to second place overall and leaping back to First in casino games.
The Tropicana moved up again to overall third place for the month improving its spot with a 20.4% revenue share, with a jump up to 3rd in casino games.
Caesar’s Interactive (CIE) fell from its second place finish last month to fourth place with 18.5% (Moving up to second place in poker surpassing Borgata/Party Poker for the first time, and remaining fourth in casino games).
Resorts remained in FIFTH (LAST) with a still respectable 16.5% share. PokerStars contributed 28.8% of the total revenue but had a huge drop from a $1.15 million take in May to only $778K return in June, a huge 32% drop off. Indication is that the WSOP running in Vegas had an impact.
The Online Poker Numbers leader still was PokerStars/Resorts but only at 39.5%. Caesar’s WSOP/888 Combination moved up to second place with 30.5% surpassing for the first time Party and Borgata and a 29.9% market-share. Online Poker revenue was UP 7.2% versus June 2015.
Total Casino and Poker revenue for 2015 and 2016 was $11.7 million versus $16.4 million, the strong $4.7 million movement produced a 40% increase, most impressive after last month’s 24.3%.
BRICK & MORTAR POKER RESULTS
The Atlantic City Brick & Mortar news cooled as the Trump Taj Mahal (24 Tables) re-opening fizzled with a return for the entire month unable to beat the two week opening. The 5.1% market share is a shadow of the glory days.
The Borgata (84 Tables) continues to dominate with a 55.8% Revenue Share, but without a Tournament Series for the second month in a row the overall revenue dwindled another $57K. July is sure to produce a spike as the Summer Open rolls into town.
Caesars (82 Tables) two poker rooms flattened to 25.2% from last month’s 26.6% contribution.
The Tropicana (22 Tables) revenue share improved for the second month to 10.4% from 9.7%, the Golden Nugget (10 Tables) had its usual 3.3%.
OTHER ATLANTIC CITY HAPPENINGS
The Taj Mahal (yes, HIS name is still on it) is under siege by strikers. Since the start of the July 4th weekend the Local 54 UNITE HERE members have been telling gamblers that the mice are running rampant in the Hotel and its restaurants. The long running battle with owner Carl Icahn is over wages, of course, but predominantly over health benefits. But, as the saying goes, “gamblers have to be gamblers”, and the lines are being crossed.
The Showboat Hotel without Casino opened its doors to thankful patrons on July 8th. It drew little attention but gives Ocean goers another option on the Atlantic City Boardwalk.
The long, hot summer gets going. See you down at the Shore!