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We have got a large investment in bricks and mortar. The future of the world, not just our industry, but everywhere is going online. "We are evaluating our options in that space, and if we can make something work, we would like to. "It's a logical segue from our land-based [business] into the online." But there are two big hurdles for Sky City to launch an online casino. The first is surmountable.
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Make it five straight months that Golden Nugget has topped $8 million in online casino revenue. And, as it has done in four previous occasions, it became the first operator to reach a revenue milestone. With a 49.3 percent year-over-year increase, Golden Nugget reported $9,328,814 in July online casino revenue — the first NJ property to exceed $9 million. That total accounted for 36 percent of the market. Once again, Borgata was the month’s runner-up in revenue, reporting $4,931,403. It was a solid bounce-back month for the casino, which had a 9-percent drop-off from May to June. It rebounded for a 30.3 percent Y/Y increase in July. In doing so, Borgata fell just shy of joining Golden Nugget as the only operators to top $5 million. Resorts nearly hit a milestone itself with $3,940,407 reported in July, and Caesars was right behind with $3,767,078, reflecting a 17.2 percent spike from 2017. Among longstanding casinos in New Jersey, Tropicana rounded out the standings. As the only operator to experience a Y/Y decrease (at 6.6 percent), Trop reported $3,350,360.
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