Trump Out Of AC, And Casino Revenue Up In NJ While PA Properties Struggle

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PA gambling revenue down NJ casinos
New Jersey is moving onward and upward this week. New revenue reports on the casinos were filled with good news about online casinos in NJ.

Meanwhile, a brick and mortar casino in Atlantic City is removing all traces of its past connection with President Donald Trump.

Elsewhere in the country, Pennsylvania’s casino revenue reports were not as positive, Tennessee considers online casinos, and WSOP.com tries something new with a Nevada promotion.

Here are all the big headlines from this week in gambling news:

Taj Mahal eliminating all traces of Trump

The Taj Mahal Casino in Atlantic City has been closed since last October, but work crews were on property recently to remove any remaining vestiges of “Trump” from the property.

When it first opened, the casino was called the Trump Taj Mahal.

One of the stipulations when Carl Icahn purchased the casino was that it completely remove Trump references by March of 2017.

President Trump’s stake in the casino was reduced multiple times since it opened in 1990. He tried to scrub all mentions of his name from the property during the resort’s 2014 bankruptcy filings, but courts ruled the Taj could still use the Trump name.

New Jersey gambling revenue on the rise thanks to online casinos

The only state in the union with regulated online casinos is proving why the decision to allow for online gambling is paying off.

New Jersey casino numbers for January set a record for monthly online gambling revenue. The state took in $204.7 million overall. Of that, $18.8 million was generated online.

Since launching in late 2013, regulated NJ online gambling sites have generated nearly $100 million in tax revenue.

The online revenues represent an impressive 30 percent year-over-year growth. Most of that growth came from online casinos, not online poker.

Both Golden Nugget and Caesars Interactive brought in over $4 million in earnings. Golden Nugget did so without an online poker component.

The big numbers in New Jersey would likely not be possible were it not for online casinos and online poker.

Brick and mortars stumbling in Pennsylvania

The latest numbers from the Pennsylvania Gaming Control Board are out. The state brought in $252.9 million last month, which is a dip from January 2016 of around one percent.

The decline is minimal, but part of a larger trend of decline extending fourth months in the Keystone State. Table game revenues are slightly up, but slots revenue saw a decline of more than two percent.

The decreasing revenues only add fuel to the fire to possibly pass a bill in the state House of Representatives which would allow for both online casinos and daily fantasy sports (DFS).

Tennessee considers brick and mortars

While Pennsylvania looks for solutions for its live casino dip in revenue, the conservative state of Tennessee is contemplating possibly adding casinos. Currently the only form of gambling allowed in the state is the lottery.

The measure, which has been proposed before in past sessions, would allow for two casinos in the state.

Tennessee has seen a rise in tourism, particularly in the city of Nashville. Adding casinos could take advantage of increased tourism and bring revenue back to the state from residents who travel to Tunica, MS, Harrah’s Cherokee, or Metropolis, IL to gamble.

WSOP.com offering unique poker training promo

WSOP.com in Nevada is trying a new tact with its latest online poker promo. Instead of running satellites, awarding cash bonuses, or giving away tournament tickets. Instead, the site is running a leaderboard contest where nine winners will earn a free immersive poker seminar from Solve For Why Academy.

The academy is run by poker pro Matt Berkey and will be a day-long course in Las Vegas which culminates in a single-table sit & go with an online bracelet tournament seat, rakeback, and additional coaching going to the winner.

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About

Jessica Welman has worked as a tournament reporter for the World Poker Tour, co-hosted a podcast for Poker Road, and served as the managing editor for WSOP.com. A graduate of Indiana University and USC, Welman is not only a writer but also a producer. She can be found on Twitter @jesswelman.

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