“Ocean retooled the former Revel property, adding casino amenities and maximizing the existing assets of the building, to create a luxury resort with a strong casino product.”

“Hard Rock’s focus on live entertainment with a full calendar of top artists pre- and post-pandemic breathed new life into a property that was built for shows and events,” she said. Jane Bokunewicz, coordinator of the Lloyd Levenson Institute at Stockton University, said both casinos brought something new to the table. The most recent 12 months, including what I anticipate this month, we won $55 million.” “The first 12 months the property was open, we lost $42 million. “Where we are today versus where we were is truly night and day,' added Terry Glebocki, Ocean's CEO. “The change this past year of Hard Rock and Ocean to not only become comparable to Borgata but to overtake the Caesars Entertainment properties has been remarkable,' said Joe Lupo, Hard Rock's Atlantic City president.

(When internet and sports betting money is included, Borgata, Golden Nugget and Hard Rock ranked 1-2-3 last year.) Their performance has shaken up the Atlantic City market, forming a new Big 3: Market-leader Borgata and the two newcomers. In terms of the amount of money won from in-person gamblers, Hard Rock ranked second out of the nine casinos last year with $224.8 million.

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