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.
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.
Appeals court leaves temporary hold on New Jersey’s county line primary ballot design in place
Once a pillar of politics in the state, the county line ballot began showing signs of crumbling this year.
11 hours ago
Atlantic City mayor: I’m committed to my family and city while dealing with daughter abuse charges
In his first public comments since prosecutors on Monday charged him and his wife, Mayor Marty Small said he would not be distracted from his duties.
2 days ago
The council president says an investigation led by the township solicitor began about three months ago.
2 days ago