Atlantic City Casino Profits Decline in Third Quarter

Last Edited:

Despite two new casinos opening, Atlantic City's casino industry saw a decrease in revenue in the third quarter.

Figures released on Friday, November 23rd, by New Jersey Division of Gaming Enforcement officials show that the city's nine casinos collectively saw their gross operating profits decline by 15.3 percent in July, August, and September compared with the same period a year ago.

This was the first full quarter the Hard Rock and the Ocean Resort casinos were in operation, and the competition took its toll on most of the other seven casinos.

Only the Golden Nugget and Bally's reported an increase in profits.

The Hard Rock made an $8.2 million profit, while Ocean Resort had $1.4 million in profits.


Annual Books for Kids Campaign Kicks Off in Camden County 

State Officials: It Could Cost Millions to Save the East Point Lighthouse 

Share Your Holiday Light Display During the SNJ Today Holiday Lights Challenge, Win A Bass Pro Shops Gift Card 

SNJ Today is a Southern New Jersey news and information source that is dedicated to providing current stories related specifically to South Jersey.

Do you have community news or events? Email or call 856.825.NEWS (6397).