The New Jersey Division of Gaming Enforcement released the June 2017 casino revenue reports and the results regarding slot machine wins is positive for all Atlantic City casinos.
Year Over Year Slot Win Growth
While the total slot wins in June were amazingly close to flat versus June 2016 for all Atlantic City casinos (142,968,402 for June 2017 vs 142,948,427 for June 2016), all casinos posted positive year over year slot win growth rates. How can this be? The simple answer is that in June 2016 Trump Taj Mahal was still in business. Effectively, the remaining seven AC casinos split the Taj’s approximately $12 million monthly slot win.
The clear winner of the Taj shutdown is the Tropicana, based on slot wins. The Trop’s year over year slot win increased a remarkable 21.2%. The next biggest slot win growth rates belong to the Golden Nugget at 14.7% and Resorts at 10.4%. While all casinos posted positive year over year slot win growth rates, Borgata was in last place at 4.8%. A case can be made that Borgata, arguably the highest-end casino in Atlantic City, benefited from the closing of the Taj the least.
The chart and table below show the year over year slot win growth rates for each of the last six months for all of the AC casinos still open, plus the total slot win growth rate for all casinos.
As you can see, the total Atlantic City slot win growth rates have been a mixed bag since the beginning of 2017. While the growth rates for slot wins increased during the first three months, the growth rate turned negative in April and May and was essentially flat in June.
Absolute Slot Wins
While the Tropicana had the largest year over year percentage growth rate for slot wins, Borgata continues to have the largest absolute dollar for slot wins. In June 2017 Borgata had slot wins of over $41.0 million. Its next closest AC rival was the Trop at $23.9million, followed closely by Harrah’s at nearly $22.0 million. The table below shows the total slot win for each of the last twelve months for the AC casinos currently in business.
What will the reopening of the Taj as a Hard Rock property and the (hopeful) reopening of the Revel/Ten do to the slot business of the existing casinos? Only time will tell. Stay tuned!