Atlantic City casinos will be required to adhere to fewer operating restrictions beginning tomorrow, Feb. 5.
New Jersey Gov. Phil Murphy (D) announced yesterday that he’s lifting the 10 pm nightly suspension of indoor food and beverage service. He’s also allowing restaurants to increase their indoor capacity from 25 percent to 35 percent. Bar seating remains on hold.
Today, I signed an Executive Order to:
Increase indoor capacity limits at a number of businesses and venues to 35%
Effective February 5th at 8:00 AM.https://t.co/y760vApsma pic.twitter.com/HXmOrhEINY
— Governor Phil Murphy (@GovMurphy) February 3, 2021
For casinos, around-the-clock food and beverage are critical. The gaming floors, beginning tomorrow, can accommodate more people, as their operating capacities are also being increased to 35 percent.
The curfew repeal means sportsbooks at the state’s three horse racetracks won’t have to kick out guests at 10 pm during this Sunday’s Super Bowl LV.
Trump Plaza Auction
Trump Plaza is set for implosion on February 17. Twenty auction winners will have front-row seats for the event.
While it wasn’t nearly the $1 million Atlantic City Mayor Marty Small (D) had hoped for, a city-ran auction surrounding the demolishing of the shuttered Boardwalk casino resort built by the former president raised $16,000. Ten auction packages that include an overnight stay at Hard Rock with a $200 dining credit, plus two tickets to an implosion viewing party hosted by Small at One Atlantic, raised the $16,000.
Hard Rock additionally donated $10,000. The proceeds will go to the Boys & Girls Club of Atlantic City.
Small originally wanted to hold an auction for the rights to hit the implosion button. But Trump Plaza owner Carl Icahn’s people said such an event would jeopardize the safety of the implosion. The billionaire, however, matched the high auction offer, which was $175,000 at the time.
All in, the bringing down of the long-shuttered Atlantic City eyesore raised $201,000 for the Boys & Girl Club.
Recovery Jumpstart
Atlantic City’s nine casinos saw their land-based gross gaming revenue plummet to nearly $1.2 billion in 2020. While internet gaming surged, the brick-and-mortar casinos are more profitable during a non-pandemic environment. Online casinos won $931.5 million of gamblers’ bets last year.
Along with gaming, Atlantic City casinos generate revenue from food and beverage, overnight hotel stays, entertainment, and shopping.
Casino executives in Atlantic City and across the nation are betting on pent-up demand to jump-start the gaming industry’s recovery.
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