Atlantic City casinos’ operating profit up 35 percent for 2nd Quarter

Atlantic City’s 11 casinos saw their gross operating profit increase by nearly 35 percent in the second quarter of this year.

Figures released Friday by the state Division of Gaming Enforcement show the casinos posted a gross operating profit of more than $83 million in April, May and June of this year.

That’s an increase of 34.9 percent compared to the same period last year, when New Jersey had not yet legalized Internet gambling.

Gross operating profit reflects earnings before interest, taxes, depreciation, and other charges, and is a widely accepted indicator of profitability in the casino industry.

The Borgata posted the largest operating profit at $43.2 million. Revel, which is closing over Labor Day weekend, had the biggest loss at $24.3 million.

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