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May 13, 2020

Virgin Casino & Tropicana Casino Blockbuster Bonus Giveaway Week

Barbara Nathan May 13, 2020
virgin casino

If you’re a registered NJ online player at Virgin Casino or Tropicana Casino, don’t miss your special chance this week to cash in on yet another grand scale bonus giveaway. Or better yet, if you play at both casinos, go for both bonuses!

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Virgin Casino $4K Bonus Money Giveaway

Virgin Casino is one NJ gambling website you can always count on week after week to keep offering bonus after bonus. Even when it’s not a holiday, the anticipation and excitement never slow down because this NJ online casino always has something new up its sleeve.

When one promotion ends, there’s always another to take its place. So why should this week be any different?

Play your favorite online games all week long for a chance to be one of 200 prizewinners!

This week the offer is even better because Virgin Casino is going all out with a $4K bonus money giveaway! Like many other giveaways at Virgin Casino, it includes a drawing, so winning a prize isn’t guaranteed.

But this time, you have a much better chance than usual because instead of awarding only a handful of prizes, Virgin Casino will give away 200 prizes!

Another difference from many other prize drawings is that there’s no first prize, second prize, third prize, etc. where only a few people win a big prize, but everyone else is disappointed because their prize is tiny in comparison. Instead, in this drawing, every prize is the same. What could be simpler and fairer?

$20 for 200

If you do the math, you will see that each of the 20 prize winners will receive $20 in bonus money.

Granted, that’s a small amount. But it’s extra money for you nonetheless. Furthermore, this is a promotion that any player can afford. No deposit is necessary, and the wagering requirements both to qualify for the drawing and to clear the $20 bonus if you win it are minimal.

How to participate in the Virgin Casino $4K giveaway

Are you eligible?

This promotion is open only to registered Virgin Casino players. NJ residence is not required, but you do need to be physically situated in New Jersey at the time of play. However, residents of New York Florida, Rhode Island, Louisiana, Hawaii, Guam, and Puerto Rico are not eligible to participate.

How to earn entries for the drawing

Assuming you are eligible, the period for earning entries started on Monday, May 1, and continues daily through 11:59 p.m. on Sunday, May 17.

So even if you missed day 1, you still have lots of time to rack up entries for next Monday’s drawing. Simply play your favorite games as usual.

For every $50 wagered on any casino game on any qualifying day, you will earn one entry into the drawing, up to five entries per day if your total wagering that day equals $250 or more.

In other words, if you were to play all seven days of the promotion, you could earn up to 35 entries. If you start today (Tuesday) and wager $250 or more today and each day thereafter through Sunday, you can still earn 30 entries.

However, if you can’t afford or don’t have time to wager this much, no problem. Keep in mind that in a random drawing, anything can happen. Especially with 200 prizes up for grabs, you still have an excellent chance to win even if you don’t have the maximum number of entries.

So don’t bet more than you can comfortably afford. That would be my advice even if the prizes were huge. But all you can win this drawing is $20, which is all the more reason not to go overboard playing.

However, if you want your play any given day to count, you must wager at least $50. You cannot carry your play over from one day to the next.

Wagering requirements for the bonus

At 10 a.m. on Monday, May 18, Virgin Casino will conduct a random drawing among all valid entries to determine the 200 winners. All winners will be notified via email and will receive their $20 bonus within three business days thereafter.

This $20 bonus is subject to the same terms and conditions as any other bonus you may receive as an existing customer at this casino or at sister NJ gambling website, Tropicana Online Casino.

You have up to 30 days—much more time than you need—to wager the bonus 1x on any game you wish. As soon as you complete this minimum amount of wagering—in this case only $20—any resulting winnings are yours to keep.

However, you won’t be able to keep the bonus, too. As with all bonuses at this casino, once you complete the wagering, the casino will remove the bonus from your account permanently and you never see it again.

But the good news is that there’s never any downtime between bonuses. So immediately thereafter, or whenever you’re ready, you can start going to work on earning your next bonus.

Tropicana Online Casino $20K Sunny Sharepot

Here’s another fun promotion that you can take advantage of this week at Tropicana Online Casino.

Summer will be here before you know it. But it’s not a day too soon to start warming up now with the online Tropicana Sunny Sharepot!

Start playing today to earn your share of $20,000 bonus money. This giveaway is not a drawing. As long as you wager at least the minimum on one promotion day, a piece of the Sharepot is guaranteed. However, as with any Sharepot, the more you play—up to the specified cap—the bigger your share!

How to earn tickets for this week’s Sunny Sharepot

The earning period started on Monday, May 11, and only runs through 11:59 p.m. Thursday, May 14. So if you want to be part of this giveaway, you will have to hurry.

For every $100 you wager on any given day of the promotion, you will receive one Sharepot ticket, up to a maximum of five tickets per day on any day you wager $500 or more.

As with the Virgin Casino giveaway, you cannot carry play over from one day to the next. So for this giveaway, don’t waste your time unless you can wager at least $100 on at least one day.

Awarding of prizes

All Sharepot tickets will be tabulated on Friday, May 15. Players will receive an email notifying them of their share the following day and receive the bonus money in their account within three business days.

The bonus is then subject to the same terms and conditions as the Virgin Casino bonus.

Are the Virgin Casino and Tropicana Casino prize giveaways worth your time?

 The two promotions are very similar. The main differences are as follows:

  • The Tropicana promotion ends at 11:59 p.m. this Thursday while the Virgin promotion ends at 11:59 p.m. on Sunday.
  • The minimum wagering requirement to be entered in the Virgin giveaway is only $50, while at Tropicana Online Casino, it is $100.
  • The Tropicana bonus is guaranteed for all players who wager at least the minimum amount while the Virgin Casino bonuses will be awarded in a drawing.
  • At Virgin Online Casino, every prize winner will win the same prize of $20. At Tropicana Online Casino, the amounts of the prizes vary. Some players might win less than $20 while others might win more.

Both promotions would be better if the casino would let you keep the bonus. Unfortunately, because the prize pool will be shared among many participants and also because you only get to wager the bonus once and then can only keep the winnings, the size of your prize is likely to be meager.

But what’s great about both giveaways is that once you get your bonus, there’s no further risk to your bankroll whatsoever. You’re playing with the casino’s money, not your own. So even if you win nothing or very little wagering the bonus,  it hasn’t cost you a cent.

But you could get lucky and win a jackpot on top of additional winnings from this week’s play!

Luxor Capital Has Been Approved To Continue Operating Ocean Casino

Barbara Nathan May 13, 2020
ocean casino

Ocean Casino Resort, formerly known as Ocean Resort Casino, opened to much fanfare simultaneously with Hard Rock Hotel and Casino on June 27, 2018.

A composite of the published data on gross revenue for these two facilities during the first few months of operation could have had been titled “A Tale of Two Casinos.” According to Terry Glebocki, Ocean’s CEO since Dec. 2019, Ocean Resort Casino reported a first six months net loss of $28 million. At one point, the property kept losing $1 million per week!

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Accordingly, many analysts expressed serious doubts that the new facility could survive long-term. They feared that it was plagued by the “Revel curse” and was destined to follow in its doomed predecessor’s footsteps.

Who would have guessed that a new owner–Luxor Capital Group–would not only save the day but propel an improvement in services and a corresponding increase in attendance and revenue to an extent considered nothing short of remarkable?

Casino Control Commission and DGE unanimously agree to grant Luxor Capital Group a license to operate Ocean Casino Resort

In August 2019, seven months after Ocean announced Luxor Capital as its new owner, the Casino Control Commission (CCC) and Division of Gaming Enforcement (DGE)  granted Luxor Capital an interim license to continue operating in that capacity. However, Luxor Capital still needed to pass a thorough investigation by the DGE. Also, final approval would depend on the extent to which the casino’s performance would improve under Luxor’s leadership.

As reported in a May 6 article on PressofAtlanticCity.com, earlier that day a follow-up hearing took place to reassess the situation. The two agencies unanimously agreed to upgrade Luxor Capital’s interim license to a regular license.

NJ gaming regulators were impressed by Luxor’s demonstrated ability to follow through on its commitment to the property

When Luxor Capital Group had received initial approval in January 2019 to take over ownership of the then struggling property, it had agreed to pay off $50 million of its debt and invest another $20 million in property enhancements. Luxor also appointed a new management team with experience in the Atlantic City market to focus on fixing the major problems that might have contributed to its failure to resonate with customers.

What started with a simple name change has led to everyone thinking WOW–Can this be the same casino?

On April 10, 2019, to reflect the owner’s intention to convey the message that Ocean was first and foremost a casino, the property changed its name. Ocean Resort Casino became Ocean Casino Resort.

But that was only one change of many.

More signs made the layout of the casino floor less confusing. New elevators were installed to whisk guests directly from their hotel rooms to the casino floor and back. Safety panels were added to the escalator to the casino floor.

Other noteworthy improvements included all of the following:

  • New restaurants and lounges
  • Numerous discount offers for dining and shopping
  • A greatly expanded top entertainment lineup,
  • Frequent prize drawings and giveaways
  • A completely new WOW Player’s Rewards program.

During the third quarter of 2019 (July through September), Ocean Casino Resort reported a gross operating profit of $10.27 million. It marked the first profitable quarter in the property’s history.

Thereafter, the property that was once on life support continued its upward momentum with no sign of slowing down. According to CEO Terry Glebocki, January 2020 marked its seventh consecutive month of double-digit growth.

Furthermore, a comparison of the revenue figures for the period of July 2019 – February 2020 with those for the same months of 2018 revealed the following:

  • Slot revenue: up $41.1 million (54 percent)
  • Table games revenue: up $6.4 million (17 percent)
  • Nongambling revenue: up $14.6 million (19 percent)
  • Expenses: down $5.6 million (3 percent)

However, Ocean Casino is far from done

At the May 6 formal hearing, Glebocki told the CCC that while the emphasis in 2019 was on the brick and mortar casino, in 2020, the focus will shift more towards online gaming.

This is a category on which last year, among the nine existing Atlantic City casinos, Ocean finished dead last. However, Glebocki stated that she is encouraged by the recent increase in revenue from online gaming coinciding with the current pandemic. She will ask the Marketing department that has had so much success in improving the bottom line for the brick and mortar casino to work their magic with the online casino.

What’s ahead for Ocean Casino Resort when it reopens?

Meanwhile, the coronavirus has impacted several planned but not yet implemented projects for the Atlantic City hotel and casino. Reconfiguring the casino floor and installing a high-end area for both slots and table games were relegated to the back burner.

Luxor Capital Group Director of Research Michael Conboy, who attended the April 6 hearing along with Glebocki, admitted that operating profitably when the casino reopens will be a challenge. But he is confident that Ocean Casino Resort can handle it.

He pointed out that over the last three quarters, Ocean Casino Resort required no additional infusion of money from Luxor.

Conboy also stated that “Ocean’s success has succeeded expectations. Before coronavirus, it was self-sufficient. And when we are back to operating normally. I would expect it to be self-sufficient.”

On the one hand, calling the trajectory “incredibly positive, but on the other hand, admitting that given the existing circumstances, Ocean needs to tread slowly, Conboy continued as follows:

“I can’t say what a great job the team has done. The rapid nature of recovery surprised Luxor, surprised myself. So the trajectory was bright, but we have to be realistic (when reopening). We expect when we open it will be soft. So we have to focus on cash flow and profitability and tightening the belt straps and pushing off — for six or 12 months — the more grandiose capital plans … but that won’t change anything where Ocean will be five or 10 years from now.”

Glebocki echoed Conboy’s sentiment and stated:

“My hopes are we can resume once we have more certainty and get through the season.” 

Conclusion

Based on all of the foregoing, on May 6, 2020, the DGE and CCC concurred that Ocean Casino Resort, under Luxor’s exemplary leadership, has demonstrated both financial stability and integrity. Accordingly, they decided that Luxor has officially met all of the final requirements for a NJ casino license. The decision was unanimous.

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