• Atlantic City Announces Great Numbers

     
    POSTED May 27, 2015
     
    Photo credit: Courtesy of DO AC

Atlantic City has announced a stellar quarter and representatives believe this will welcome even more business in the coming months.

“The key indicators show that the current operators continue to improve,” says Matthew Levinson, chairman, New Jersey Casino Control Commission. “Gaming revenue is up, total revenue is up, net revenue is up, gross operating profits are up, hotel occupancy rate is up and the average room rate is up. ”

This week, the city reported the gross operating profits for its eight casinos doubled in the first quarter—a trying time during the winter months. This success likely means a strong summer will occur.

“The hotel occupancy climbed nearly 3 percentage points in the first quarter to 72.8 percent,” says Levinson. “The average room rate was $98.87, compared to $96.25 in the first quarter of 2014. The first quarter numbers include the winter months, which is a trying time to make a positive profit.”

The casino industry itself posted an $81.3 million operating profit for the quarter—a 109 percent increase compared to $38.8 million a year ago. And this is even with four casino closing during the past year. The industry continues to grow.

Additionally, the city will be reinvesting in other non-gaming attractions, improving the number and type of visitors.

“With all of the recent new developments along with the strong demand for Atlantic City from our group and leisure customers we are set to have a very strong summer season,” says Jim Wood, president/CEO, MEET AC. “The future of Atlantic City is getting brighter by the day.”

October is the month of fall color viewing, pumpkin picking, and pizza. Yes, October is National Pizza Month, and if you’re looking to commemorate the occasion, head to New Jersey.

Others may disagree—let’s make that, others will certainly disagree—but last year Food & Wine Magazine named New Jersey the best pizza state in America, followed by Connecticut and New York in the No. 2 and No. 3 spots, respectively. Pennsylvania landed in seventh place and Massachusetts nabbed 10th place. 

 

Atlantic City

Last year was the highest grossing ever for the United States commercial gaming industry.* Meeting planners who hold gatherings at casinos may just feel like they’ve hit the jackpot, too. Casino-based events provide one-stop convenience—the amenities of convention centers and bountiful hotel rooms, plus activities, dining, and nightlife. 

 

Doreen Guerin grew up an Air Force brat, living in Texas, Louisiana, and later England and France. When she was 13, her parents moved to Queens and, Guerin says, “I’m a New Yorker through and through.” That’s apparent from her accent as well as her dedication to the Javits Center, where, as the senior vice president of sales and marketing, she oversees the booking and event-related operations for more than 170 events each year. 

M+E: What fueled your interest in working in the conventions industry?