Atlantic City casinos were less profitable in 2023, even with online help

Atlantic City's casinos were less profitable in 2023 than they were a year earlier, even with help from the state's booming online gambling market.Figures released Monday by the New Jersey Division of Gaming Enforcement show the nine casinos collectively reported a gross operating profit of $744.7 million in 2023, a decline of 1.6% from 2022. When two internet-only entities affiliated with several of the casinos are included, the decline in profitability was 4.

The statistics are certain to be used in the ongoing battle over whether smoking should continue to be allowed in Atlantic City's casinos. A group of casino workers that has been pushing state lawmakers for over three years to pass a law eliminating a provision in New Jersey's indoor smoking law that exempts casinos recently tried a new tactic.Last week the employees and the United Auto Workers Union, which represents workers at three casinos, filed a lawsuit to overturn the law.

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Atlantic City Casinos Report Decline in Profitability in 2023Figures released by the New Jersey Division of Gaming Enforcement show that Atlantic City's nine casinos collectively reported a decline in gross operating profit of 1.6% in 2023 compared to the previous year, despite the growth of the online gambling market. Including internet-only entities, the decline in profitability was 4.1% on earnings of $780 million. Only three casinos experienced an increase in profitability.
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Atlantic City casinos were less profitable in 2023, even with online helpAtlantic City’s casinos were less profitable in 2023 than they were a year earlier, even with help from the state’s booming online gambling market.
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Atlantic City casinos were less profitable in 2023, even with online helpAtlantic City’s casinos were less profitable in 2023 than they were a year earlier, even with help from the state’s booming online gambling market. Figures released Monday by New Jersey gambling regulators show the nine casinos collectively reported a gross operating profit of $744 million in 2023, down 1.6% from 2022.
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