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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