Which is the most profitable casino in Atlantic City?
Gambling was legalised in Atlantic City, New Jersey following a referendum in 1976 and, two years later, Resorts International, now Resorts Casino Hotel, on the famous Atlantic City Boardwalk became the first legal casino in the United States outside Nevada. Fast forward four decades or so and, according the latest report by the New Jersey Division of Gaming Enforcement, far and away the most profitable land-based casino in Atlantic City is The Borgata Hotel Casino & Spa which, in the year to April, 2019, grossed $53.37 million, or nearly double the revenue of its nearest competitor.
Opened in July, 2003, making it the newest casino in Atlantic City, The Borgata is one of three casinos in the marina district of the city, the others being Harrah’s Resort Atlantic City and the Golden Nugget. Harrah’s, which opened in November, 1980, is the oldest of the three and was, in fact, the first casino in Atlantic located away from the boardwalk. At one point in its history, Harrah’s was the highest-grossing casino in Atlantic City but, as of April, 2019, ranked second behind The Borgata, with annual revenue of $27.18 million.
Third on the list comes Tropicana Atlantic City, with annual revenue of $24.02 million. Originally opened, on the Boardwalk, in November, 1981, nearly two years after original owners, Ramada, acquired the Tropicana Resort & Casino on the Las Vegas Strip in December, 1979, Tropicana Atlantic City is, nowadays, one of the largest hotels in New Jersey, with 2,400 rooms.