October 2020 Snapshots

LIGHT Snapshots

 
October 2020
 

In LIGHT of the data.

Land-based Casino Win, was down $16.1 million for the month of October year-over-year, which represents a decline of 8%.  While disappointing, -8.0% is an improvement over September (down 15.1% YOY) and August (down 30.5% YOY) and suggestive of a slow recovery in this important sector which, even suppressed, represented over 60% of total gaming revenue for the month.

Notable growth in internet gaming (106.7%) and sports betting (30.9%) continue to buoy total gaming revenue which finished the month 14.2% ahead of October 2019, and further closed the gap in year-to-date revenues, down 30.6% year-to-date in August, down 26.7% in September, and now down 22.7%  in October.

However, online forms of gaming should not be considered a substitute for land-based gaming in terms of overall recovery for the industry. Without guests on property, Atlantic City鈥檚 casinos are limited in their ability to leverage non-gaming amenities which limits their ability to put more employees back to work.  

With two months left in the calendar year it is unlikely that 2020 will meet or exceed 2019鈥檚 recent high for annual total casino industry gaming revenue $3.29 billion, but at $2.1 billion to date, it may at least meet or exceed 2015鈥檚 recent low of $2.56 billion.


Atlantic City Gaming Win & Total Casino Revenue

Source: N.J. Division of Gaming Enforcement

Monthly Revenue October 2020 % Change from Prior Year October 2019 YTD October 2020 % Change from Prior Year YTD October 2019
Total Gaming Win (includes Internet & Sports Wagering) $304,123 14.2% $266,229  $2,112,865 -22.7% $2,733,962
Sports Wagering Revenue $24,561 30.9% $18,757 $114,918 20.1% $95,689
Internet Gaming Win $93,451 106.7%  $45,214 $779,060 102.8% $384,229
Casino Gaming Win $186,111 -8.0% $202,257 $1,218,887 -45.9% $2,254,043

 

Quarterly Revenue (Industry, $ In Thousands) Q2 2020 % Change from Prior Year Q2 2019 YTD June 30, 2020 % Change from Prior Year YTD June 30, 2019
Casino $111,593  -74.22%  $432,860   $466,871   -43.43%  $825,262
Rooms  $37  -99.98%  $156,752  $97,614   -65.10%  $279,713
Food & Beverage   $73  -99.95%  $144,753  $103,739   -62.25%  $274,786
Entertainment & Other  $9,715  -84.44%  $62,437  $48,844   -57.01%  $113,604
Casino Licensees Total Revenue $121,418  -84.76%  $796,802  717,041  -51.98%  $1,493,364

Atlantic City Hotel Lodging

Source: N.J. Division of Gaming Enforcement

Casino Hotel Lodging Statistics
For the Period Ended
June 30, 2020
Q2 2020 Q2 2019 YTD 2020 YTD 2019
Occupancy percentage  n/a   n/a   n/a   n/a
Average Daily Room Rate (ADR)   n/a   n/a   n/a   n/a
Revenue Per Available Room (RevPAR)*   n/a   n/a   n/a   n/a

* RevPAR= ADR X Occupancy Percentage

[As Atlantic City鈥檚 casino hotels were closed for the months of April, May and June there is no data available]

 


Atlantic City Statistical Transportation Data

Source: South Jersey Transportation Authority

Travel Mode September
2020
Change
from Prior
Year
September
2019
YTD
September
2020
Change
from Prior
Year
YTD
September
2019
AC Expressway
Total Toll-Paying Traffic
Pleasantville Toll Plaza
1,466,344 -15.0% 1,725,091 10,881,915 -29.0% 15,315,896
AC Airport
Scheduled Service Passengers 12,861 -80.0% 64,263 337,615 -56.7% 779,010
Charter Passengers  2,518 -68.7% 8,031 22,684 -70.6% 77,260
Total Air Passengers 15,379 -78.7% 72,294 360,299 -57.9% 856,270

Atlantic City Meetings and Conventions Data

Source: MeetAC

  Oct '20 Oct '19 % Change
from Prior Year
TOTAL
2020 YTD
TOTAL
2019 YTD
% Change
from Prior Year
Conventions/Tradeshows/Meetings
# of Shows  1  8  -88% 20   73 -73% 
# of Room Nights  0  24,545 -100%  68,752  210,995  -67% 
# of Delegates  30 26,143  -100%  145,199  340,755  -57% 
Delegate Spending  $4,904 $13,755,734  -100%  $75,644,362  $193,252,980  -61% 
Boardwalk Hall Bookings
# of Shows  0 -100%  11  49  -78% 
# of Attendees  0 61,209  -100%  129,722 300,035 -57%
Hotel Bookings
# of Shows 2 18 -89% 42 148 -72%
# of Room Nights 1,941 10,315 -81% 30,390 110,612 -73%
# of Attendees 2,700 8,598 -69% 46,200 114,600 -60%
Delegate Spending $1,024,363 $4,952,930 -79% $24,624,740 $80,910,274 -70%
Monthly Totals
# Convs_Trade_Mtgs / Boardwalk Hall / Hotel 3 31 -90% 73 228 -68%
# of Room Nights 1,941 34,860 -94% 99,142 321,607 -69%
# of Attendees 2,730 95,950 -97% 321,121 519,609