Borgata Hotel Casino and Spa in Atlantic City have exciting news for poker enthusiasts! They have partnered with BetMGM to host “The Return: A Borgata Championship Event.” This thrilling high-stakes poker championship will feature four tournaments spread over seven days, starting on January 2. Players will compete for a guaranteed $3 million prize pool, with a spectacular $1 million first prize. The final table showdown will take place on January 8. Additionally, online and in-person qualifiers will be organized by BetMGM and Borgata Poker to give players multiple opportunities to secure their spot at the prestigious event.
The Championship Tournament:
The highlight of “The Return” will be the championship tournament, boasting a buy-in of $5,300. With a guaranteed prize pool of $3 million, the stakes are higher than ever before. What’s even more exciting is that there will be no payout structure adjustments, ensuring a fair and competitive playing field. Poker enthusiasts from all over the world will gather at Borgata’s poker room and central conference center to test their skills and compete for the ultimate glory. The championship will conclude with the final table on January 8, promising a thrilling culmination to this high-profile event.
Other Guaranteed Events:
In addition to the championship tournament, players will have the chance to participate in two other guaranteed events on January 6 through January 8. The first one, the $1,000 Borgata Bounty Event, will offer an opportunity for players to showcase their poker prowess and claim a share of the impressive prize pool. The second event, the $10,000 Super Survivor Event, is tailor-made for those seeking an intense and challenging poker experience. Both these events promise adrenaline-pumping action and will further add to the allure of “The Return.”
Online and In-Person Qualifiers:
BetMGM and Borgata Poker are committed to providing multiple avenues for players to qualify for “The Return” championship event. BetMGM will host online qualifiers, allowing poker enthusiasts from all over the country to try their luck and secure their spot at the grand event. Simultaneously, Borgata Poker will organize in-person qualifiers at their luxurious venue in Atlantic City, adding a touch of exclusivity and excitement to the journey towards the championship. With a range of qualifiers available, players of all backgrounds and skill levels can participate, ensuring an inclusive and diverse field for the main event.
Atlantic City Casino Earnings in Q2:
As we eagerly await “The Return,” let’s take a moment to look at the recent performance of Atlantic City’s casinos in the second quarter of the year. According to the New Jersey Division of Gaming Enforcement, the gross operating profit for the three months from April to June amounted to $183.6 million. Although this figure shows a slight decline of 0.8% compared to the same period in 2021, it is noteworthy that it still surpassed the earnings from 2019. This indicates that despite challenges, the casino industry in Atlantic City has been resilient and shows signs of recovery.
Net Revenue and Individual Profits:
Delving further into the financials, the casino licensees reported a total net revenue of $828.8 million during the second quarter of this year. This represents a significant increase of 14.1% compared to the same quarter in the previous year. Gross operating profit, which factors in various expenses, remained a crucial metric for assessing the industry’s health. Although four out of the nine Atlantic City casinos reported lower individual profits year-on-year, the majority remained profitable, showcasing the industry’s overall stability. However, it’s worth noting that Bally’s experienced an operating loss of $3.7 million, indicating that some casinos faced challenges during this period.
With “The Return: A Borgata Championship Event” on the horizon, poker enthusiasts are eagerly anticipating the action-packed seven days of intense gameplay in Atlantic City. The collaboration between Borgata Casino and BetMGM promises to deliver an unforgettable experience for players and spectators alike. As the casino industry in Atlantic City continues its recovery, the success of this high-stakes poker championship could serve as a beacon of hope and a testament to the enduring allure of poker as a thrilling and rewarding game.