The May 2016 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM Tuesday, June 14, 2016.
In a month that produced flat gaming numbers, a bill passed the New Jersey Legislature, and was signed by Governor Chris Christie to give Atlantic City 150 Days to clean up its monetary crisis or face a state takeover. Other interesting and curious business news about openings and re-openings discussed below.
Total Gaming Win from the Casino Hotels was $219.8 million in May 2016 compared to $221.1 million May 2015 reflecting a 0.6% Decrease.
For the month, Casino Win was $203.3 million and Internet Gaming Win was $16.5 million. Internet Gaming in May 2015 was $12.5 million.
2016 May Poker was 15.5% of Total Internet Revenue versus 15.4% in 2015.
2016 May Casino was 84.5% of Total Internet Revenue versus 84.6% in 2015.
ONLINE GAMING RESULTS
The NJDGE official report for May Online Poker revenues show May versus April, $2.57 million to $2.58 million, FLAT, and Casino Games, $13.97 million versus $14.39 million, Down by 2.9%. Total New Jersey Online Revenue was $16.54 million Down by 2.1%.
The Borgata and Party Poker including Pala Entertainment combination moved farther ahead as the leading revenue producing I-Gaming site(s) in New Jersey with a 23.8% share (Second in poker but re-taking the number one spot in casino games).
Caesar’s Interactive (CIE) jumped to Second Place with 19.7% (Third (Last) in poker, and remaining fourth in casino games).
Golden Nugget/BetFair secured a revenue share of 19.3%, retained third place in total and jumped to Second in casino games.
The Tropicana moved back to overall fourth place for the month recapturing its spot with a 19.0% revenue share, but dropped to 4th in casino games.
Resorts dropped from it pinnacle of second place overall to FIFTH (LAST) with a still respectable 18.1% share. PokerStars continued to lead the way, but the casino games lagged tremendously with a drop of over $450K in Revenue. An explanation is that the online poker players backed away from the Resorts casino offerings while continuing to play online poker.
The Online Poker Numbers leader was PokerStars/Resorts @ 44.8%. Party and Borgata improved to a 28.5% market-share, and Caesar’s WSOP/888 Combination had a small surge due to the ongoing WSOP in Las Vegas to 26.7%.
Total Casino and Poker revenue for 2015 and 2016 was $12.5 million versus $16.5 million, the strong $4 million uptick produced a 24.2% increase, not as impressive as last month’s 33.8%.
BRICK & MORTAR POKER RESULTS
The Atlantic City Brick & Mortar news is the Trump Taj Mahal re-opened its fabled poker room with only 24 tables on May 13th. This is less than half the size of the former room shown in the hit movie “Rounders”.
The Borgata (84 Tables) continues to dominate with a 55% Revenue Share, but without a Tournament Series, the total revenue dollars were down $670K for the month.
Caesars (82 Tables) two poker rooms rebounded to 26.6% from last month’s 21.2% contribution.
The Tropicana (22 Tables) revenue share increased to 9.7% from 7.8%, the Golden Nugget (10 Tables) had its usual 3.7% and The Taj’s (24 Tables) half month return garnered 5%.
OTHER ATLANTIC CITY HAPPENINGS
In one of the more bizarre stories, Glenn Straub is in the Atlantic City News again. You remember him as the winning bidder for The Revel Casino and Hotel more than a year ago.
In recent reports, Mr. Straub has said that The Revel (yet to be given an official new name) is supposed to re-open its doors for business tomorrow, June 15th. He insisted 900 hotel rooms and several amenities will be open to the public. Of course, no casino is in the plan, and the ubiquitous Certificate of Occupancy has not been granted. Go, Glenn, Go!
In another announcement, the other shuttered well-known Hotel/Casino, the Showboat, now owned by Philly developer Bart Blatstein will also open with 852 rooms, but in a more orderly fashion in July, sans casino.
The summer season is now in full force, and these additional hotel rooms will be an appreciated re-addition for the City looking for increased Revenue, any Revenue. See you at the Shore!