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The casino said that the storm created “serious water damage” to the main and backup power generators. Local officials called the storm last week a “monsoon.” Around 600 hotel guests at the casino had to be evacuated early Saturday when power went out. The Arizona State Poker Championship kicked off Friday and was slated to run until the middle of this week. A prize pool of $553,000 had been generated when the event was suspended and then later canceled. The casino said it is refunding players.
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“But, I don’t see (anything) positive outside of July and August.” The state Division of Gaming Enforcement will release July’s casino revenue data Tuesday afternoon. The data will contain the first full month of gaming revenue since Hard Rock Hotel & Casino and Ocean Resort Casino opened to the public on June 27, which brought the total number of operational properties in the resort to nine. In July 2017, Atlantic City’s seven casinos reported $267.8 million. Last month, with a full month of legalized sports betting added to the casino’s bottom line, the industry reported revenue of $231.4 million. Norton said he could see a scenario where July’s 2018 numbers reflect a 10 percent increase from the year prior because of the combination of the casino openings plus legalized sports betting and a mid-week holiday. But, Norton said he could not see how Atlantic City will be able support two new casinos once the novelty factor wears off. The problem for Atlantic City casinos will be capturing repeat business, which Norton believes can only been done by opening up the resort to new markets, such as those in the Southeast and Southwest. With closer casino gaming available to the resort’s core markets of Philadelphia and New York City, Atlantic City has to rethink how to attract newer, younger customers, Norton said. “Atlantic City needs to change its method of business.
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