Considerably less casino revenue continues to flow into Atlantic City, down 13% last month, but it’s not all bad. Thanks to the whale-sized “market correction” of multiple casino closings, 
there continues to be more money for everybody who’s left. October’s shifts weren’t as dramatic as September’s save in the case of the Golden Nugget, which rocketed 63% upward, grossing $16 million. That shot it past Resorts Atlantic City ($12 million), which itself gained a respectable 16%, and also vaulted it past the bunglers at Trump Taj Mahal, whose $15 million betokened a 20% decline. The only other casino to lose market share was Bally’s, grossing $17 million and down 5%.
The resorts of the Caesars Entertainment portfolio performed impressively, with Caesars Atlantic City grossing $26 million (+5%) and Harrah’s Resort pulling in $31 million (+3%). The Tropicana Atlantic City‘s $21 million was good for a 13% gain and Borgata grew its business 10%, to top out at $56 million. At some point all this growth will be absorbed and the market will revert to its race between preservation and extinction, but let’s enjoy the good times while they last.
The incompetentcies at the Taj continue. It is such a tragedy. The Taj can still be one of the best in the city.