Winter of 2010 brought a January to remember, and the effects were felt in many industries across New Jersey as storms left snow accumulation across the state.

From the intense snow storms around the state, despite receiving a mere 5 inches of reported snow, the Casino industry in Atlantic City was amongst the hardest hit. Because of the snow storm, Borgata Hotel Casino & Spa lost a reported five million dollars and anticipated another five million dollars lost in consequence. This hotel was not the only one affected though as there was a reported 20% decreases in revenues reported in some Casinos in the region and 8.5% loss in revenue amongst the Casinos in the same area.

Casinos receive the majority of their profits, from tourists looking to escape and spend money as they go on vacation. This is where the snowfall comes in. To escape the pressures of the daily grind, people are not likely to have a weekend trudging through a blizzard in their snow shoes. The flights are cancelled, postponed, etc, even if people had the desire to do so.

Weather has a tremendous effect on casinos. Las Vegas is able to hold an advantage in this manner over Atlantic City. When those temperatures go up in Vegas it may even produce a better atmosphere for their visitors as the luxurious pools and retreats look even more attractive under the rays of the sun. The winter temperatures cause us to bundle up and the heat causes us to wear less, which is a good thing in the eyes of far too many in the world today.

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This entry was posted on Friday, April 30th, 2010 at 5:11 am and is filed under Casino. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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