Nine Atlantic City Casinos Report 170.4 Percent Decrease In Income

Nine casinos in Atlantic City reported a 170.4 per cent decrease in income for April, May, and June compared to a year ago.

With the COVID-19 imposed casino closures lasting 107 days from March 16th to July 2, income during the time was generated solely from online gaming and the restricted sports betting on offer. That was $121 m, compared to last year’s $796.8 m.

Chairman James Plousis, of the New Jersey Casino Control Commission said: “During this period, the casinos undertook an amazing effort and expense to prepare a safe environment for the return of employees and guests. That critical investment enabled the casinos to begin welcoming back visitors with appropriate limits in July, and started Atlantic City on the road to recovery.”

Jane Bokunewicz, coordinator of Stockton University’s Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism, added: “Casinos incur substantial expenses even when the properties are closed to the public. Utility costs continue in order to keep the buildings climate controlled and some employees, like security, surveillance, and maintenance, remain working on site. Additionally, some casinos continued to pay employee health care benefits and allowed employees to use accrued benefit time during the shutdown.”