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

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Atlantic City’s casinos saw their operating profits decline by nearly 14% in the third quarter of this year.

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A dealer conducts a card game 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. Gamblers play slot machines at the Hard Rock casino in Atlantic City, N.J., on Oct. 3, 2024. – Atlantic City's casinos saw their operating profits decline by nearly 14% in the third quarter of this year, figures released Friday by New Jersey gambling regulators show.

“Consumer demand may have been an issue for Atlantic City’s casino operators in summer 2024,” said Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry. 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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Atlantic City casino earnings fall nearly 14% in 3rd quarterAtlantic 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.
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