{"id":36,"date":"2024-06-11T16:24:02","date_gmt":"2024-06-11T13:24:02","guid":{"rendered":"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/11\/atlantic-city-casinos-bounce-back-thanks-to-online-gaming-boom\/"},"modified":"2024-06-12T10:42:57","modified_gmt":"2024-06-12T07:42:57","slug":"atlantic-city-casinos-bounce-back-thanks-to-online-gaming-boom","status":"publish","type":"post","link":"https:\/\/goldenladycasinonodepositbonus.icu\/2024\/06\/11\/atlantic-city-casinos-bounce-back-thanks-to-online-gaming-boom\/","title":{"rendered":"Atlantic City Casinos Bounce Back Thanks to Online Gaming Boom"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/5lEjlnoFXtE\"\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 finally returned to profitability, largely due to the surge in internet gaming. <\/p>\n<p>The New Jersey gaming sector, which had witnessed a decade of declining income, finally saw a slight 1.5% rise in 2016. This expansion was primarily driven by the flourishing online gambling industry, which enabled Atlantic City&#8217;s casinos to experience their first revenue growth in ten years. <\/p>\n<p>In 2016, Atlantic City&#8217;s seven casinos generated $2.6 billion in gaming income, representing the first year of growth since 2006 when the city had 12 casinos and earned a record $5.2 billion.<\/p>\n<p>Internet gambling revenue in New Jersey soared to $1.967 billion in 2016, a 32% leap from the preceding year. Casino games contributed $1.702 billion of that total, a 36% increase, while poker revenue experienced a substantial 11% rise, reaching $26.5 million.<\/p>\n<p>Focusing solely on physical casinos, revenue dipped slightly in 2016, a number affected by the shutdown of the Taj Mahal casino, which resulted in a $65 million loss. Only two casinos saw their profits shrink in 2016, with Resorts Casino decreasing by $1.6 million to $358 million. However, without the contribution of internet gambling, the market overall would have undergone a 0.3% year-over-year decrease.<\/p>\n<p>Concurrently, in Pennsylvania, the second-largest gaming market in the United States, revenue is anticipated to expand by 1%, reaching $3\u2026 <\/p>\n<p>The year 2016 saw the video game sector soar to new heights, generating a staggering $2 billion in earnings.  Nevada, renowned for its opulent casinos and status as the country&#8217;s gambling hub, also had cause for jubilation. Having been significantly impacted by the 2008 economic downturn, the state&#8217;s gaming establishments rebounded, ultimately returning to a state of financial gain. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following ten years of grappling with financial shortfalls, Atlantic City has finally returned to profitability, largely due to the surge in internet gaming. The New [&#8230;]<\/p>\n","protected":false},"author":70,"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 a decade of struggle, Atlantic City is back in the black! 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