Le Lézard
Classified in: Tourism and vacations, Business, Covid-19 virus
Subject: ECO

2021 Marks A Year of Modest Growth for Atlantic City Amid the Ongoing COVID-19 Pandemic

ATLANTIC CITY, N.J., Jan. 15, 2022 /PRNewswire/ -- The Casino Association of New Jersey (CANJ) announced today that Atlantic City saw a year of modest growth amid the ongoing COVID-19 pandemic, according to the December 2021 Division of Gaming Enforcement (DGE) gaming revenue results report.

"Throughout 2021, the Atlantic City casino industry and its many great employees worked diligently to rebuild and recover from the COVID-19 pandemic. While the COVID-19 pandemic continues to impact our industry in the New Year, our outlook remains cautiously optimistic for the upcoming year, as we saw increases from 2020 to 2021, and we anticipate the same for 2022," said Joe Lupo, president of the Casino Association of New Jersey.

Atlantic City continued to experience the challenging impact of the COVID-19 pandemic in the last quarter of 2021 as the country experienced a new surge, which has continued in 2022. Overall, the land-based casino industry saw a 5 percent decline in revenue in 2021 compared to 2019, which underscores the fact that land-based casinos have not recovered to pre-COVID levels. Despite the pandemic, the Atlantic City casino industry generated nearly $422 million in total state tax revenue from gaming operations in 2021, reinforcing the vital role the industry plays across the state, providing a growing labor market that supports and sustains the local region.

Online revenue continued to show positive increases through 2021. While primarily third-party affiliated companies generated those wagers as opposed to operators of Atlantic City's land-based casinos, online gaming revenue continues to produce very meaningful tax funding for the City of Atlantic City, Atlantic County, and the State of New Jersey.

The Atlantic City casino industry partnered with regional health care provider AtlantiCare and UNITE HERE Local 54 to safely welcome back more employees and guests as restrictions eased and vaccinations became more widely available to the public. CANJ, AtlantiCare and UNITE HERE Local 54 initiated a partnership that enabled casino employees to access vaccinations as early as March 2021. These efforts continued for both employees and Atlantic City residents throughout the summer to include pop-up vaccination clinics at casinos across the city.

"We are grateful for our partnership with the dedicated front-line medical professionals of AtlantiCare, UNITE HERE Local 54, along with the commitment and resilience of our team members. We look forward to continuing to work together in the year ahead, providing a stronger voice powered by transparency as we continue to revitalize our historic seaside destination," added Lupo.

The casino industry continues to diversify Atlantic City's offerings, investing hundreds of millions of dollars in redevelopment projects and amenities. These new investments will create world-class attractions, generate additional employment opportunities and attract more visitors to the beachfront resort in the upcoming year. As the pandemic continues to challenge air travel, one-third of the U.S. population can travel to Atlantic City on a tank of gas, which makes the city an even more attractive tourist destination.

About the Casino Association of New Jersey 
The Casino Association of New Jersey (CANJ) is a trade organization that provides a collective voice for the Atlantic City casino industry by facilitating the exchange of information and ideas between our industry, small businesses, Atlantic City stakeholders and the general public. The CANJ consistently advocates for legislation and initiatives that support the ongoing revitalization of Atlantic City into a world-class destination resort. A thriving casino industry drives economic growth, job creation, increased tax revenue for state and local budgets, and prosperity for city residents, hardworking families and businesses which rely on the casinos for their livelihood. Our goals are simple: protect and grow the tens of thousands of jobs the casino industry supports across New Jersey and continue Atlantic City's transformation into a world-class destination resort. For additional information, please visit www.casinosnj.org.

SOURCE The Casino Association of New Jersey

These press releases may also interest you

at 11:19
We are advised by AVA Active that journalists and other readers should disregard the news release, Up-and-Coming Women's Activewear Brand Joins Forces with Major Gym Franchise Group, issued 09-May-2022 over PR Newswire. SOURCE AVA Active

at 11:16
KanTime Healthcare Software, the fastest growing post-acute EMR software in the nation, and nVoq, a HIPAA & PCI-DSS compliant, cloud-based speech recognition platform, have formed a partnership that will enable KanTime's home health and...

at 11:14
Dibbs Technology is excited to announce the expansion of the iOS app to the Massachusetts area. After a successful launch in Rhode Island, the company is ready to expand its marketplace to Massachusetts. The app is the first of its kind in the...

at 11:12
AerCap Holdings N.V. ("AerCap" or the "Company") today announced it has filed an interim financial report including its unaudited condensed consolidated financial statements and notes for the first quarter ended March 31, 2022 with the U.S....

at 11:10
Jamie May's multifamily brokerage team at JBM® Institutional Multifamily Advisors continues their domination of the Southwest Florida market. This time, they closed on two additional Class A+ communities ? Ridgelake and The Reserve at Coconut Point....

at 11:10
KEEN, Inc. (KEEN), the global footwear brand on a mission to make the outside inclusive and accessible to all, today announced a partnership with All Kids Bike®, a national movement that aims to teach every child in America how to ride a bike by...

News published on 15 january 2022 at 13:51 and distributed by: