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July 27, 2021

Gambling News Flash: Open The Record Books For New AC Revenue Numbers

July 27, 2021
atlantic city casino revenue

This week’s casino news starts off in Atlantic City where the gaming hub is pumping out great revenue numbers. We’ll start there as June was a record month.


Atlantic City Casino Revenue – Monthly Gambling Record Set

The COVID-19 pandemic appears to be receding and the casinos in Atlantic City are not only recovering but are continuing to thrive. It was just reported that the casinos there were able to break the record on gross gambling revenue in a single month for June, claiming around $345 million from bettors.

However while Atlantic City’s gross gaming revenue set a new monthly record, the land-based operations still have a ways to go before achieving pre-pandemic levels again.

  • Compare those numbers to June of 2020, the final stats show a four-fold increase.
  • Of course, keep in mind that many casinos were hit hard at this time last year.
  • If you were to add on racetrack sports betting to the figures, those June numbers take another solid leap, rounding out at $393 million.
  • It was even a large amount more than those nine casinos brought in during June of 2019, which was only $278 million.

With the COVID-19 restrictions slowly starting to fade away and travel beginning to open back up, bettors are flocking to casinos to get the fill of excitement they’ve been missing. Hopefully, it is able to stay this way to further help the recovery of numerous places around the world.

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Mohegan Digital Switches To FanDuel For Connecticut Bettors

Mohegan Digital has made a big switch in the state of Connecticut when it comes to who is managing their sports betting product. They have renegotiated their contract with Kambi in order to deal in FanDuel to the mix.

This partnership means that FanDuel to operate one of the three online sportsbooks over in Connecticut. That isn’t all, though, as they will be the operators of daily fantasy sports and an online casino.

The only question that they didn’t answer when announcing the FanDuel Sportsbook addition was about their online poker section. It is worth noting that FanDuel works under the parent company Flutter, which also happens to own PokerStars.

Maybe if everything works out for Connecticut, we could see PokerStars join FanDuel in the state to instantly give themselves a powerful market all around. If you’re a sports bettor or poker player in the state, this is all good news.

State Regulators Dish Out Fines To Casino And Sports Betting Companies

Flipping over to Iowa, it hasn’t been a great month for casino and sports betting operators. The Iowa Racing and Gaming Commission recently handed out a few fines, one of them landing at the doorstep of a casino while two others were sent the way of sports betting companies.

It turns out the casino in question was The Wild Rose Casino located in Jefferson. They were fined $20,000 because they accidentally allowed a 20-year-old woman to enter their gambling floor. Their general manager has since openly apologized to the commission for the mistake but it still cost them a decent sum of money.

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Another company that was hit with a fee was the William Hill sportsbook as they were fined the same amount of money. Their penalty was due to two different betting machines being left on by mistake. They also accidentally allowed a person to use their mobile app despite not doing the in-person registration.

Finally, they hit the PointsBet Iowa sportsbook with a minor $7,500 fine for not updated their self-exclusion list. They have since adjusted and should be set to move forward.

It’s nice to see that regulators are doing their job. For years, customers have played online in gray markets and there’s been absolutely no oversight. Nowadays, regulators and gaming commissions can keep their eye on things like this to make sure that operators are not only following the rules but are treating customers properly.

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