This week’s casino news starts us off with some really positive headlines from Atlantic City. Let’s take a closer look at the Garden State and the impressive revenues they delivered in the month of May:
Atlantic City Casinos Revenues Surge In May
Gambling is starting to become turf wars in the United States as more and more states open up the rules. That means the monthly reports are going to be scrutinised closely. The good news for Atlantic City casinos is they’re coming off a very strong month.
The May numbers are in and they are absolutely staggering. In the month of May alone, Atlantic City casinos saw their revenues surge 22.5-percent as they raked in a ridiculous $266.76 million. The revenues were collected from their land-based, online and sports betting operations. Part of the reason for the boost is the two new casinos that were opened in the state, with both the Hard Rock and the Ocean Casino Resort opening in May. At times, business are concerned about sharing customers or profits, but it appears the people of the state have a bigger appetite than anticipated.
The casinos also benefited from sports betting revenues, which represented $5.5 million of their winnings. Internet gambling has also played a significant role in the surge with online casinos making up $38.34 million in gross gaming revenue, which represents a 57.8-percent boost overall.
Finally, the state’s two racetracks also contributed to the overall boost with the Meadowlands and Monmouth Park both providing help to the overall Gross Gaming Revenue numbers. After an incredible start to the summer season, it will be very interesting to see what kind of numbers Atlantic City will produce for the months of June and July.
Encore Boston Harbor Casino Receivers Receives Final Approvals, Set To Open
The $3-billion Encore Boston Harbor Casino is finally clear to open. It received it’s final approvals from the Massachusetts Gaming Commission and will open as expected on June 23rd.
Officials that work for the company have confirmed that they are still working towards their goal of having women represent 50% of their total casino staff. Right now, that number sits somewhere around 44%. The stipulation was placed on Wynn when the company was forced to pay out a record $35.5 million in fines for failing to disclose the allegations of sexual misconduct against company founder Steve Wynn.
The good news is the saga is finally behind them and now the casino is ready for business.
Kambi Group Will Help Launch BetWarrior.com Later This Year
There’s a new online player in town as the BetWarrior.com online casino and sportsbook is set to officially launch in the very near future. They’re now going to get some assistance from the Kambi Group. The big reveal was announced almost three weeks after the firm reached a similar deal with the British sportsbook William Hill.
The Kambi Group, which is a Maltese wagering technologies innovator, agreed to a multi-year agreement with BetWarrior.com. The two companies will work together to deliver what the CEO of the Kambi Group called an “innovative” and “truly unique personalised” experience to its users. The companies will draw innovations from both European and Latin American markets in order to deliver the best possible product.