{"id":154,"date":"2024-06-17T06:44:27","date_gmt":"2024-06-17T03:44:27","guid":{"rendered":"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/17\/atlantic-city-casinos-rebound-on-online-gaming-surge\/"},"modified":"2024-06-20T17:17:39","modified_gmt":"2024-06-20T14:17:39","slug":"atlantic-city-casinos-rebound-on-online-gaming-surge","status":"publish","type":"post","link":"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/17\/atlantic-city-casinos-rebound-on-online-gaming-surge\/","title":{"rendered":"Atlantic City Casinos Rebound on Online Gaming Surge"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/-hnE2lWOcV8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Following ten years of grappling with financial shortfalls, Atlantic City has rebounded to profitability, largely due to the surge in internet gaming.<\/p>\n<p>New Jersey&#8217;s gaming sector experienced a slight 1.5% revenue growth in 2016, marking the first upward trend after a decade of consecutive decline. This revival was driven by the flourishing online gambling industry in New Jersey, which propelled Atlantic City&#8217;s casinos to their initial revenue increase in ten years.<\/p>\n<p>The city&#8217;s seven casinos generated $2.6 billion in gaming income last year, signifying the first year-on-year rise since 2006 when the city boasted 12 casinos and a peak $5.2 billion in revenue.<\/p>\n<p>Internet gambling revenue in New Jersey hit $1.967 billion in 2016, a 32% jump from 2015. Casino game revenue escalated by 36% to $1.702 billion, while poker revenue climbed 11% to $26.5 million.<\/p>\n<p>Although revenue from physical casinos saw a minor dip, this was attributed to the closure of the Taj Mahal casino, which resulted in a $65 million reduction. Only two casinos encountered revenue dips in 2016, with Harrah&#8217;s decreasing by $16 million to $358 million. Nevertheless, excluding online gambling contributions, the market would have experienced a 0.3% year-on-year decrease.<\/p>\n<p>After three difficult years that witnessed the closure of five casinos and the loss of at least 11,000 jobs, the sustained expansion of New Jersey&#8217;s leading online gambling market is aiding Atlantic City&#8217;s casinos in finding a new balance.<\/p>\n<p>On a brighter note, Pennsylvania, the second-largest gaming market in the US, is anticipated to witness a 1% revenue increase, reaching $3&#8230; <\/p>\n<p>The video game sector experienced a significant financial upswing in 2016, generating a substantial revenue of $2 billion.  Nevada, widely recognized as the gambling epicenter of the United States,  announced its initial profitable period following the economic downturn of 2008, marking a positive development. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following ten years of grappling with financial shortfalls, Atlantic City has rebounded to profitability, largely due to the surge in internet gaming. New Jersey&#8217;s gaming sector experienced a slight 1.5% revenue growth in 2016, marking the first upward trend after a decade of consecutive decline. This revival was driven by the flourishing online gambling industry [&hellip;]<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Atlantic City<\/title>\n<meta name=\"description\" content=\"After years of struggle, Atlantic City is back in the black! Discover how the rise of online gaming breathed new life into this iconic destination.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/17\/atlantic-city-casinos-rebound-on-online-gaming-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlantic City Casinos Rebound on Online Gaming Surge\" \/>\n<meta property=\"og:description\" content=\"After years of struggle, Atlantic City is back in the black! 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