Atlantic City casino earnings fall nearly 14% in 3rd quarter

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Atlantic City News

Hospitality And Leisure Industry,Gambling,NJ State Wire

Atlantic City’s casinos saw their operating profits decline by nearly 14% in the third quarter of this year. New Jersey gambling regulators say the nine casinos had a collective gross operating profit of $236.5 million in the third quarter. That was down 13.8% from the third quarter of 2023.

Gamblers play slot machines at the Hard Rock casino in Atlantic City, N.J., on Oct. 3, 2024. Gamblers play slot machines at the Hard Rock casino in Atlantic City, N.J., on Oct. 3, 2024. A dealer waits for customers at a roulette table at the Hard Rock casino in Atlantic City, N.J., on Oct. 3, 2024, a month in which internet gambling set a new revenue record in New Jersey at $213 million. A dealer conducts a card game at the Hard Rock casino in Atlantic City, N.J., on Oct.

Although all nine casinos were profitable in the third quarter, only two — Caesars and Hard Rock — saw their operating profits increase compared to a year earlier. James Plousis, chairman of the New Jersey Casino Control Commission, said “pressure from continuing high costs can be seen in lower profits compared to the same period last year.”

 

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