Poker will not be returning to the Atlantic City casino that once housed one of the most iconic poker rooms in the world.
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The former Trump Taj Mahal, which closed in late 2016, will reopen late next month as Hard Rock Hotel & Casino Atlantic City. It will have more than 2,000 slot machines and 120 table games, but it won’t have traditional poker, Card Player has learned.
Taj Mahal Casino Money Laundering
The Taj Mahal was famously featured in the 1998 cult classic “Rounders,” in which stars Matt Damon and Edward Norton play a session in the casino’s poker room. In addition to the juicy fictional underground poker games, the Taj’s poker room was held in high regard by the protagonists in the film.
“Rolled up aces over kings,” Worm, played by Norton, remarked at one point in the movie. “Check-raising stupid tourists and taking huge pots off of them. Playing all-night high-limit hold’em at the Taj, ‘where the sand turns to gold.’ Stacks and towers of checks I can’t even see over.”
The Taj closed its 48-table poker room in 2015 but eventually reopened it the following year. The entire casino ended up folding just months later. The casino had been interested in online poker.
The casino was also once home to the prestigious United States Poker Championship.
Hard Rock will open its doors to gamblers on June 28, the same day that the casino formerly known as Revel will reopen as Ocean Resort Casino. That casino will have a poker room, Card Player has learned, but there’s no word yet on the number of tables it will have.
Revel, which cost an Atlantic City casino record $2.4 billion, once tried to become the destination for high-stakes poker on the East Coast. However, it closed its 37-table poker room in 2013. The entire casino shut down the following year before eventually being sold for pennies on the dollar.
The opening of a new brick-and-mortar poker room should be positive for Atlantic City’s struggling poker market. Earlier this month, New Jersey implemented online poker player sharing with Nevada and Delaware in order to grow the game.
Currently, five of Atlantic City’s seven brick-and-mortars have poker.
A short winning streak is over for New Jersey.
Atlantic City brick-and-mortar casinos and their internet gambling platforms won a combined $267.9 million from gamblers last month, according to figures from state gaming regulators. The casino industry in the seaside gambling town won $275.3 million in July 2016, so revenue decreased by 2.7 percent year-over-year.
Revenue had grown year-over-year in May and June following a 1.6 percent drop in April, the only other month the casinos won less this year than they did last year.
The industry won $1.55 billion through July, up 2.4 percent from the same period in 2016. That’s with one fewer casino as well. The Trump Taj Mahal closed its doors in October.
The recent turnaround the Atlantic City is great news, as gaming revenue of $5.2 billion way back in 2006 was halved over the next decade. Things are turning around, and that’s due in large part to internet gaming, which was legalized in 2013.
The state said that internet gaming win was $20.6 million last month, compared to $17.4 million in the prior period, reflecting an increase of 18.5 percent. Through the end of July, the gambling sites won $142 million from players, up 26.6 percent.
Win in the brick-and-mortar setting was $1.41 billion, up just 0.5 percent compared to the first seven months of 2016. Atlantic City has come to rely on real-money online games.
Gaming win falls at city’s largest casino
Borgata, which had 30 percent of the market in July, saw its total gaming revenue fall 5.5 percent year-over-year to $80.1 million. The casino had nearly double the revenue of its nearest competitor, which was Tropicana with $41 million. Tropicana’s revenue grew 12.7 percent year-over-year thanks to big wins in the live and online settings.
Golden Nugget sees huge boost to online gaming
The Golden Nugget not long ago become the top grossing online gambling operator in the Garden State. The casino’s network of sites took in $6.2 million from gamblers last month, an increase of 68.6 percent year-over-year and 30 percent of the industry’s total i-gaming win.
Borgata saw its online gaming revenue drop 5.1 percent to $27.2 million through July, so it’s no surprise that MGM Resorts, owner of the casino, recently launched a platform through its prominent brick-and-mortar brand.