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Atlantic City Casinos Bet (Again) on Millennials, Aim to Become Esports East Coast Capital

Atlantic City casinos millennial Both tournaments were held at Caesars properties. Monetizing the millennial remains a challenge for casinos, as the demographic doesn’t fancy the slot machine nearly as much as generations prior. Millennials also consist of 18- to 20-year-olds, who aren’t yet old enough to legally gamble in Atlantic City. The US Census Bureau reports millennials are now America’s largest generation. Atlantic City recently became a nine-casino town with the welcoming of Hard Rock and Ocean Resort. Gross gambling revenue through May is down 4.3 percent, or $46 million. Casino operators are relying on new forms of visitation to support the expansion. Hard Rock is betting on A-list entertainment and concert acts, while Caesars seems committed to the millennial. Some casino execs believe the millennial is more enticed by so-called “skill-based gaming machines,” devices that combine elements of skill with luck.  But just six months after Caesars Entertainment installed 21 such machines at Harrah’s, Caesars, and Bally’s, the company pulled the terminals after they failed to resonate.  Caesars Senior VP Melissa Price admitted it was a learning experience.

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