ATLANTIC CITY, N.J.--(BUSINESS WIRE)--Tropicana Atlantic City Casino & Resort today announced a 60 percent revenue increase for its online gaming operation, Tropicana Atlantic City Online from January to February 2014. After New Jersey sanctioned online gambling last year, the company has seen online revenues grow from approximately $841,000 in January to $1.35 million in February 2014 from its online casino at TropicanaCasino.com.
Tropicana Atlantic City Online is proud to be among the first online casinos to launch in New Jersey, that have already helped drive $1.4 million in tax revenue in January. The future of online gambling looks strong in New Jersey as the economic impact is starting to take effect in the first quarter of 2014.
“Tropicana Atlantic City Online is an exciting endeavor for Tropicana Atlantic City and has helped us reach a new audience throughout New Jersey,” said Tony Rodio, President and CEO of Tropicana Entertainment Inc. “We are very pleased with our revenue growth thus far and plan to continue growing as leaders in the online gambling industry.”
With Community Jackpots totaling up to $30,000, Tropicana Atlantic City Online makes online gambling fun and rewarding. Players can choose from more than 30 Tropicana Atlantic City-favorite slots and table games in a secure online environment. And now they can enjoy the Tropicana Atlantic City experience on the go with Tropicana.AC, its new mobile app available for free in the Apple App Store for iPhone and iPad users.
To help with responsible gaming, Tropicana Atlantic City Online will offer players the ability to control their own deposit and spend limits, session times and cool-off periods while “staying” at TropicanaCasino.com online. Players also have the ability to suspend or close their accounts or voluntarily exclude themselves from the site. All participants must be 21 or older and physically located in New Jersey to play. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER or log on to www.800gambler.org.
Tropicana Atlantic City Casino & Resort, a premier resort in Atlantic City, is a 24-hour gaming destination located on the beach and the Boardwalk featuring The Quarter, a 200,000 square foot entertainment complex, 2,078 rooms and suites, more than 24 restaurants, 25 shops, 18 bars and lounges, 2 pools, an IMAX Theatre, and a spa. For more information, log on to Tropicana Atlantic City’s official site at www.tropicana.net.
For more information, please log on to www.tropicanacasino.com.
About Tropicana Entertainment
Tropicana Entertainment Inc. (the “Company”) is a publicly traded company that, through its subsidiaries, owns and operates eight casinos and resorts in Indiana, Louisiana, Mississippi, Nevada, New Jersey and Aruba. Tropicana properties collectively have approximately 6,385 employees, 6,040 rooms, 7,090 slot positions and 218 table games. The Company is based in Las Vegas, Nevada.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements,” including statements about the Company’s plans, strategies, objectives, expectations and intentions. Such statements include, without limitation, statements regarding the anticipated benefits, performance, safety features, player rewards and incentives, security features and other aspects of our new online gaming platform, and other statements that are not historical facts. Such forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release, and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, without limitation, risks relating to the roll-out of the Company’s new online gaming platform to eligible players, risks associated with ensuring that the new platform adheres to regulatory requirements, including the requirement that eligible players physically reside in New Jersey, and other risks inherent in the Company’s new participation in online gaming endeavors. Moreover, the Company’s business, including its online business, may be adversely affected by future legislative, regulatory, or tax changes as well as other economic, business and/or competitive factors. Other factors that could adversely affect the Company’s business and prospects are described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.