November gaming revenue posted for Atlantic City casinos

The full reports are available here: http://www.nj.gov/oag/ge/docs/Financials/MGR2012/201211revenue.pdf

Needless to say, the numbers weren’t good thanks to Hurricane Sandy. Every casino was down from November 2011 (except for Revel, which wasn’t open in November 2011), some by more than 40 percent. See the breakdown below, with revenue and ranking changes from November 2011 to November 2012.

 
Rank
 
Property
Gaming Revenue
(in millions)
%
Change
Rank
Change
1. Borgata $42.74 -15%
2. Harrah’s $23.69 -28.5%
3. Caesars $18.93 -34.6%
4. Trump Taj Mahal $16.89 -29.8% ↑1
5. Bally’s $15.16 -46% ↓1
6. Tropicana $12.77 -45.3%
7. Showboat $11.52 -42.3%
8. Golden Nugget $9.06 -0.3% ↑1
9. Atlantic Club $7.5 -10.6% ↑2
10. Resorts $7.2 -34.6% ↓2
11. Revel $6.23 NA NA
12. Trump Plaza $4.89 -43.3% ↓2

For November 2011 stats, go to http://www.nj.gov/oag/ge/docs/Financials/MGR2011/201111revenue.pdf.

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2 Responses to November gaming revenue posted for Atlantic City casinos

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  2. kyle says:

    Is revenue the correct word in this setting, or should it be profit? I mean, in my mind gaming wins are the real revenue and the losses are COGS, so the net win/loss due to gaming should be profit? Or am I wrong?

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