4 more Atlantic City casinos drop simulcasting – Borgata is last one standing
Jan 14th, 2014 @ 03:38 pm › John Brennan
The New Jersey Racing Commission’s agenda for tomorrow afternoon’s meeting has a sobering item for horsemen:
“Notice from Caesars Entertainment’s Atlantic City properties (Bally’s, Caesars, Harrah’s Resort and Showboat) to cease all simulcast operations at midnight December 31, 2013.”
That leaves only Borgata among Atlantic City casinos still offer horse racing simulcasting in that city.
I looked up the casino-by-casino monthly gross revenue reports for Dec. 2013 and found these numbers:
- Borgata had a simulcasting handle of $1.5 million and simulcasting revenue of $133,000.
- Caesars had a $432,000 handle and revenue of $32,000.
- Bally’s had a $413,000 handle and revenue of $37,000.
- Showboat had a $410,000 handle and revenue of $35,000.
- Harrah’s had a handle of $321,000 and revenue of $28,000.
So Borgata already had a half-share of this market, and now gets it all. One horse racing buff told me today, “Now I know why [Borgata] was so crowded