Atlantic City Casino Profits Up in 2017. Can the Jump Continue in 2018?

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With less competition, Atlantic City's seven remaining casinos earned high profits in 2017 when compared to the year before, but will it last with two more casinos opening soon?

The city's casinos saw their gross operating profits increase to $723 million last year, which is a jump of about 22.5-percent.

Harrah's was the only one whose profits decreased, down 2.7-percent.

The Borgata had the highest profit at $292 million, which is up 19.5 percent from 2016.

Officials with the Casino Control Commission say the numbers show the underlying health of the city's casino industry.

They also acknowledged that the impending reopening of two new casinos this summer (Ocean Resort and Hard Rock) will put pressure on existing casinos, but added they are confident that the market can handle the renewed competition.

Preview of Atlantic City Hard Rock 

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