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Rutgers Economist Available to Discuss Reopening of Casinos in New Jersey

24-Jul-2020 12:25 PM EDT, by Rutgers University-New Brunswick

Rutgers economist Bruce Mizrach is available to comment on a new Rutgers working paper that examines the re-opening of casinos in Atlantic City, New Jersey. The report analyzes data from SafeGraph, which anonymously draws data from smartphones and tallies visits to points of interest.

“On July 2, casinos in New Jersey re-opened, and visits were up 595.29 percent from lockdown where no foot traffic was experienced,” Mizrach said. “Once opened, Harrah’s and the Golden Nugget experienced the smallest increase in visits. From the first week to second week, traffic increased 58.80 percent. For every casino in Atlantic City, visits are down 58.30% when compared to the third week of July 2019.”

The report focuses on nine distinct casino brands, including Hard Rock, Tropicana, Borgata, Harrah’s, Bally’s, Ocean Casino Hotel, Caesars Ocean Resorts, Resorts Casino Hotel, and Golden Nugget.

To view the full report, click here.

Mizrach, a professor in the Department of Economics, is the founder and editor of Studies in Nonlinear Dynamics and Econometrics, which uses nonlinear analysis to understand economic and financial markets.

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Broadcast interviews: Rutgers University–New Brunswick has broadcast-quality TV and radio studios available for remote live or taped interviews with Rutgers experts. For more information, contact Neal Buccino neal.buccino@echo.rutgers.edu

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Rutgers University–New Brunswick is where Rutgers, the State University of New Jersey, began more than 250 years ago. Ranked among the world’s top 60 universities, Rutgers’s flagship university is a leading public research institution and a member of the prestigious Association of American Universities. It is home to internationally acclaimed faculty and has 12 degree-granting schools and a Division I Athletics program. It is the Big Ten Conference’s most diverse university. Through its community of teachers, scholars, artists, scientists, and healers, Rutgers is equipped as never before to transform lives.

 




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