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American Casinos Best Quarter Match Ever; Expectations rise after COVID


Commercial casinos in the US matched their best quarter in the first three months of this year, as customers continued to return between the COVID-19 epidemic and the Internet and sports betting and helped boost revenue numbers

ATLANTIC CITY, NJ – Commercial casinos in the US matched their best quarter in the first three months of this year, as customers continued to rebound between the COVID-19 epidemic and the Internet and sports betting and helped increase revenue numbers.

Data released on Tuesday by the American Gaming Association, the casino industry’s national trade group, showed that the country’s commercial casinos exceeded $ 11.1 billion in the first quarter of this year.

This corresponds to the third quarter of 2019, the industry’s best quarter in history. The figures do not include tribal casinos.

Revenue numbers for the first quarter of 2021 represented approximately 18% growth in the first quarter of 2020, when the epidemic began to take a nationwide form, and grew more than 4% from the first quarter of 2019 before the epidemic began.

The number was even more heartening for industry executives as they arrived while most casinos were still operating under capacity restrictions to slow the spread of the virus.

Terry Gleibocki, CEO of Ocean Casino Resort in Atlantic City, said that this year his clientele is increasing customer volume, making the casino a multi-dollar reinvestment due to this.

But there is also another factor in the game, she said.

“I think we are making more and more people feel more comfortable.” “There’s a ton of demand. People want to go out and have fun, and that’s what you do at a casino.”

Traditional brick-and-mortar casino games generated 90% of their first quarter 2019 revenue. March was particularly strong, with revenue from slot and table games within the 1% total of March 2019.

Sports Betting Revenue set a new quarterly record of $ 961 million this year, up 270% from a year earlier, and surpassed the full-year total of $ 909 million for 2019.

Helped by the successful opening of online casinos in Michigan, Internet gambling grossed $ 784 million nationwide in the first quarter of this year, three times more than a year earlier.

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Follow Wayne Parry at http://twitter.com/WayneParryAC

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