Tropicana Atlantic City Lost $3.6 Million at Craps in October

John Mehaffey November 12, 2013 1266 Reads

The Atlantic City October gaming revenue numbers were released today.  There were two shocking pieces of information in the report.  One is that last month’s Atlantic City gaming revenue was positive against October 2012, although that can be attributed to the closures due to Hurricane Sandy. 

The other startling news was that the Tropicana lost $3.6 million at its nine craps tables during October.  Players bought just under $7 million in chips at Tropicana craps tables last month.  They walked away with about $10.6 million in chips.  This wiped out the gaming revenue from the other 99 tables at Tropicana.  The net table game loss in October for the Atlantic City casino was $780,395 before accounting for its poker room. 

This is not the first time Tropicana has been the scene of a win that was so large it affected an entire month’s revenue.  Don Johnson took Tropicana for $6 million at its high limit blackjack tables in April 2011.

Atlantic City’s October 2013 gaming revenue was up 3.6% against last year’s numbers.  The total win was $216.8 million.  Year-to-date Atlantic City gaming revenue came it at $2.4 billion through October.  That is down 8.3% over 2012. 

October 2013 casino revenue and percentage gain/loss compared to October 2012

·         Borgata – $47.6 million (+13.2%)

·         Harrah’s – $27.6 million (+3.9%)

·         Caesars – $26.8 million (-.5%)

·         Trump Taj Mahal – $20.3 million (+8.9%)

·         Bally’s – $17.3 million (-12.9%)

·         Showboat – $16.1 million (+6.5%)

·         Tropicana – $13.8 million (-14.6%)

·         Revel – $11.2 million (+21.1%)

·         Atlantic Club – $10.9 million (+9.5%)

·         Resorts – $10.7 million (+12%)

·         Golden Nugget – $9.5 million (+10.1%)

·         Trump Plaza – $5 million (-24.3%)

New Jersey online casinos launches to the public on November 26th.  Revenue from online operations will appear in the November New Jersey gaming revenue report. 

Source: New Jersey Division of Gaming Enforcement Press ReleaseDetailed Revenue Report

 

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