Recent statistics have indicated that the Casino revenue has currently hiked up to 15% over the last January. The current seven of the remaining brick and mortar casinos easily come across 15% increase in January, which is more than a year ago. This was the state gaming numbers, which were released recently. At present, the gaming revenue at these stated properties are in an amount of $204.7 million. And the Division of Gaming Enforcement calculated this measurement.
In the month of January of 2016, the Winter Storm created havoc on state, and further limited people from coming to the resort. And that was a huge blow in the marketing value of this place. It effectively wiped the last weekend of the last year, as procured from Casino Control Commission’s Chairman and CEO.
Increase in the double digit revenue:
Some of the casinos like Caesars Atlantic City, Borgata Hotel Casino & Spa and the Tropicana Atlantic City have posted some revenue increment in their double digits. The total revenue of Borgata is over the sum of $60 million on the last month, and the casino had the best January in the year 2016.
There is also an increment in the Internet gambling too, where the revenue was increased to around 29% on the same month on 2016. And that concluded a total amount of $18.8 million, when compared to the feeble rate of previous year, which was around $14.6 million. And this was the current state numbers, available over here.
Never moves on the same direction:
This is to be noted that the total revenue of physical casino stores and that of the internet sector will never move on the same line. No matter what month it is, it is hard to find a balance between these two sectors. And some recent studies have further indicated that people are inclining more towards internet casino sector, rather than relying on the brick and mortar casinos.
Due to the unwanted weather conditions and the hassle of visiting the casino city, people are inclining more towards the internet sector now. It is rather interesting and comes handy with unlimited packages. Moreover, people have the liberty to play well and in their own control, while they are playing online. And they are not given that same liberty, when they literally visited the physical stores for a round of gambling.
Stay stable for long:
Despite the current condition of the gaming revenue, the entire casino industry is stated to remain in their stable position. And the casino analyst, with the current Fitch Ratings, provided this note. Even after looking at the revenue of January 2016, still the entire gambling market stays at an amount of around $2.4 billion.
This shows how stable the entire market is, and the revenue growth is not doing anything to change its marks. However, this matter cannot be denied that the biggest growth in the revenue was due to the Winter Storm Jonas, which might have kept the players a bay for sometimes, but helped them to earn more in double digits.