Tropicana and Virgin online casinos look to scale NJ ladder

The Tropicana Atlantic City is closed, like all other land-based casinos in the city, and there is no timetable for when it will open again. The Tropicana and Virgin online casinos are still open 24/7, however, and they will look to move up the ladder while online gambling is the only option for New Jersey punters.

February was another strong month for the Tropicana, which saw a double-digit increase in revenue for the third straight month. In January 2020 the casino’s revenue figure was $4.36 million, which is an increase of 24.7% over January 2019. Those numbers take into account both the Tropicana and Virgin online casinos, which are both on the Gamesys Group platform.

Tropicana currently ranks fourth of the seven licensed operators in the New Jersey online gaming industry. Golden Nugget is still the leader of the pack with a revenue total of $40.9 million for the first two months of 2020, with Resorts Digital second at $24.3 million over the same period.

Tropicana has had revenue of more than $4 million in two of the last three months. Its revenue for the first two months of this year is $8.2 million, which marks a year-on-year increase of 18.1%. Hard Rock ($5.3m) and Ocean Casino ($958.5k) are the bottom two in terms of revenue for the first two months of 2020.

According to the New Jersey Division of Gaming Enforcement (DGE), these are the Tropicana’s figures for the last three months:

• December: $4.06 million (27.8% increase over December 2018)
• January: $4.36 million (24.7% increase over January 2019)
• February: $3.84 million (11.4% increase over February 2019)

The numbers for all New Jersey online casinos are expected to increase in March since all the Atlantic City land-based casinos are closed. The DGE’s next report will be released in early April.

Eldorado Resorts, which operates the Tropicana land-based casino, has not announced an expected date for the property to reopen.

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