Atlantic Casino Earnings Fall 35% in 2026

A new report from the New Jersey Division of Gaming Enforcement showed that Atlantic City gaming revenues fell 35% in 2013. The loss was offset slightly by the introduction of online gambling towards the end of the year, but it still raises serious concerns for the industry.

The silver lining of the report was that fourth quarter losses were about 73% than the previous year. However, the overall trend has been discouraging. The casinos have been losing revenue since 2006.

The Atlantic Club reported the largest decline in revenue between 2012 and 2013 reported Philly. The casino filed for bankruptcy in January, which is expected to increase revenue slightly for the city's eleven remaining casinos. While the casino's revenue fell $360 million to $235 million, it still managed to reduce overall losses. However, the improvement wasn't nearly enough to save the company from insolvency.

The Resorts Casino Hotel experienced the largest decline in 2013. Resorts was one of the few casinos that didn't introduce online gambling, which may be one of the reasons it is lagging its competitors. The casino initially intended to partner with PokerStars, but the online poker giant was suspended from the market for two years. A spokesperson from Resorts said that the company intends to offer online gambling in the coming year, but hasn't provided any details.

While the DGE report is disappointing, the casinos have been able to reduce their losses by diversifying their service offerings. Food, beverages and hotel rentals increased significantly over the past year. Matt Levinson, chairman of the New Jersey Casino Control Commission, said that taxes from non-gaming services reached record highs in 2013. He said that this is proof that the casinos' diversification strategy is helping them.