Atlantic City casino profits up 61 percent in third quarter
Atlantic City’s casinos saw their gross operating profits increase by 61 percent in the third quarter of this year.
Figures released Monday by the state Division of Gaming Enforcement show the eight casinos turned a collective operating profit of $237.4 million in July, August and September.
That’s compared with the $147.5 million in profit they posted in the same period last year.
Each casino saw an increase in operating profit, ranging from 41 percent at the Tropicana to nearly 182 percent at the Trump Taj Mahal.
But the large percentage increases are more a reflection of how bad it was in the third quarter of 2014, when three of the four Atlantic City casinos that went out of business that year closed their doors.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
The two vacancies were created in the fallout behind the resignation of former president Wasim Muhammad.
5 hours ago
New Jersey faces unseasonably high number of wildfires as drought continues
The number of wildfires in New Jersey over the past two weeks is more than eight times greater than the same timeframe last year.
6 hours ago
Listen 1:11
Nov. 7–10: Gooch and the Motion in Delaware, Street Food Festival in Philly and Nick Carter in South Jersey are among the weekend’s highlights.
1 day ago
Listen 5:20