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Casinos in Atlantic City generated a revenue of $536 million in April.

Increased Gambling Revenue in New Jersey: Casinos, Racetracks, and their associates netted over $536 million in April, marking a 5% growth compared to last year. However, the disappointing fact for Atlantic City is that more than half of this revenue was generated from non-resort visitors.

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Increased Gaming Revenue in New Jersey: A Breakdown – April's Take Surpasses $536 Million, Marking...
Increased Gaming Revenue in New Jersey: A Breakdown – April's Take Surpasses $536 Million, Marking a 5% Year-Over-Year Growth. However, a concerning fact emerges regarding Atlantic City – Nearly six in ten of these earnings were generated from non-resort visitors.

Casinos in Atlantic City generated a revenue of $536 million in April.

Got some exciting (and maybe a bit worrying) news for you! The gambling industry in New Jersey had a decent month in April - casinos, racetracks, and their partners raked in over $536 million, a 5% increase from last year.

But the not-so-good news? More than half of this money didn't come from Atlantic City. As the competition heats up, this trend is becoming more clear. And it's about to get even tougher.

New York State is planning to add three casinos near New York City. If these new casinos come to fruition, they could seriously put a dent in Atlantic City's market share.

And guess what? A couple of state legislators just proposed a fresh idea: asking voters to decide whether to allow casinos outside Atlantic City, potentially at the Meadowlands Racetrack in East Rutherford, and Monmouth Park in Monmouth County.

The Potential Impact

Here's what experts are saying:

  • New York Casinos: The competition from New York's casinos could significantly lower Atlantic City's market share, as New Yorkers might prefer to gamble closer to home. This could, in turn, impact the revenue of Atlantic City's casinos.
  • Meadowlands Casino: If a casino is built at the Meadowlands, it could compete more with New York establishments than those in Atlantic City. However, there's opposition to this idea, primarily from Atlantic City stakeholders who fear that any growth in North Jersey could take away some of Atlantic City's revenue.
  • Overall Landscape: The presence of a casino at the Meadowlands could create a ripple effect across the northeastern gambling landscape, potentially affecting Atlantic City indirectly by altering regional gaming dynamics.

Remember, the specific impact will depend on factors such as consumer preferences, the success of these new casinos, and how they compete with each other. But one thing's for sure: Atlantic City's casinos will need to stay on their toes to maintain their market share.

[Sources]1. "New York casinos could take a big bite out of Atlantic City's gaming revenue, analysts say." The Star-Ledger, 2014.2. "New Jersey casino expansion: Could the Meadowlands Racetrack get a casino?" NJ.com, 2021.3. "Atlantic City's casinos: What to expect." The Press of Atlantic City, 2021.4. "New York casino revenue could impact Atlantic City." WNYC, 2014.5. "Regional gaming implications of North Jersey casinos." Stockton University, 2016.

In the face of heightened competition, casino personalities and industry experts in Atlantic City are bracing for the potential impact of proposed Meadowlands Casinos and New York casinos on their revenue, given that New Yorkers' preferred gambling destinations could shift due to the convenience of new casinos closer to home. The casino culture may see a significant shift as well, with the expansion of casino-and-gambling options, including casino-games, both in New York and potential casinos in New Jersey, altering the regional gaming landscape.

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