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Atlantic City casinos win $345M in June as gamblers return

ATLANTIC CITY, N.J. (AP) — Atlantic Metropolis’s casinos received greater than $345 million from gamblers in June as pandemic fears eased considerably and gamblers returned with their wallets.

That determine was almost 4 instances as a lot because the 9 casinos received final June, after they have been closed as a result of coronavirus outbreak. Beginning subsequent month, the year-to-year comparisons will change into legitimate once more as most casinos reopened on or close to July 2, 2020.

When sports activities betting cash received by three racetracks is added to the equation, the June whole rises to almost $393 million.

That simply surpassed the $278 the casinos and tracks received in June 2019, earlier than the pandemic hit.

June is the normal begin of the summer season season for the casinos, their busiest and most worthwhile time of yr, and business observers have been eagerly awaiting the June outcomes.

“For 3 consecutive months, (income) progress has exceeded 20% in comparison with the sturdy outcomes of 2019,” stated James Plousis, chairman of the New Jersey On line casino Management Fee. “I’ve seen first-hand that visitation to Atlantic Metropolis is on the rise, vacationers are joyful to be coming again, and the summer season season is off to a optimistic begin.”

“The elimination of COVID restrictions and the return to normalcy bode properly for us, as we launched our reimagined on line casino ground enhancements on the finish of June,” added Terry Glebocki, CEO of the Ocean On line casino Resort.

Borgata led the pack with $97.7 million in income, adopted by Laborious Rock at $41.6 million; Tropicana at $27.4 million; Ocean at $26.6 million; Harrah’s at $21.3 million; Caesars at $20.3 million; Resorts at $13.9 million; Golden Nugget at $12.2 million, and Bally’s at $11.6 million.

Amongst internet-only entities, Resorts Digital received $35.5 million, Golden Nugget On-line received $27.6 million, and Caesars Interactive NJ received $9.3 million.

New Jersey gamblers made $766 million value of sports activities bets in June. After paying successful bets and bills, the casinos and tracks stored $71.2 million of that.

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The Meadowlands Racetrack in East Rutherford, simply exterior New York Metropolis, received $44.5 million; Monmouth Park in Oceanport close to the Jersey Shore received $2.5 million, and Freehold Raceway, which has but to ramp up its sports activities betting operation in any significant manner, received $132,775.

Web playing income was up greater than 26% in June from a yr earlier, rising to $107 million.

To date this yr, the casinos and tracks have received greater than $2.1 billion, twice the quantity they’d received over the identical interval final yr, which included the three 1/2 months that the casinos have been shut down.

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Observe Wayne Parry on Twitter at http://twitter.com/WayneParryAC.

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7 Stocks That Can Help You Profit From Summer Shortages

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View the “7 Stocks That Can Help You Profit From Summer Shortages”.

https://www.marketbeat.com/articles/atlantic-city-casinos-win-345m-in-june-as-gamblers-return-2021-07-16/?utm_source=AppleNews&utm_medium=AppleNews&utm_campaign=AppleNews

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