Atlantic City's nine casinos posted a collective gross operating profit of $140.4 million in the first three months of 2024
Gamblers play cards at the Ocean Casino Resort in Atlantic City, N.J., on Tuesday, May 21, 2024. New Jersey gambling regulators released figures Wednesday, May 22, 2024, showing the gross operating profit of Atlantic City's nine casinos declined by nearly 10% in the first quarter of this year.
Gross operating profit reflects earnings before interest, taxes, depreciation and other charges, and is a widely accepted measure of profitability in the Atlantic City gambling industry. Two of the casinos posted operating losses in the first quarter: Bally’s lost $2.5 million compared to an $88,000 profit a year ago, and Resorts posted a $1.2 million loss, compared to a $284,000 loss a year ago.
Among internet-only entities, Caesars Interactive Entertainment NJ was up 5.9% to $7.2 million, and Resorts Digital was down 3.2% to $7.7 million.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Atlantic City casino profits declined by nearly 10% in first quarter of 2024Atlantic City’s casinos were nearly 10% less profitable to start off this year. First-quarters earnings figures released Wednesday by New Jersey gambling regulators show only two of the nine casinos were more profitable than they were a year ago. The casinos posted a collective gross operating profit of $140.
Read more »
Premier League final day 2024: Watch all 10 matches including Arsenal, Manchester City battle for titleFind out how to watch all 10 matches on the final day of the 2023-24 Premier League season including Arsenal and Manchester City vying for the title.
Read more »
BlizzCon 2024 is not happening despite Blizzard’s strong 2024 lineupBlizzard Entertainment confirmed that BlizzCon 2024 is not happening, but it will leave the door open for the event to return in the future.
Read more »
Karate Kid (2024) (2024)All the latest movie news, movie trailers & reviews - and the same for TV, too.
Read more »
NFL Draft 2024: Why Eagles could be focusing on trading 2024 picks for 2025 selectionsThe Eagles were busy making trades in the fourth round of the 2024 NFL Draft, obtaining picks to use in 2025.
Read more »
2024 Miami Grand Prix 2024 Odds, Picks, and Predictions: Max Loves South BeachFormula 1 2024 Miami Grand Prix odds, picks, and predictions. F1 betting picks and driver odds at Miami International Autodrome on Sunday, May 5.
Read more »