ATLANTIC CITY, N.J. (AP) — 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.
The state Division of Gaming Enforcement issued statistics showing that the nine casinos had a collective gross operating profit of $236.5 million in the third quarter.
“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.
Revenue from things other than gambling also underperformed in the third quarter at $511.6 million, down 5% from a year earlier.
Among internet-only entities, Caesars Interactive NJ earned $4.8 million, down 7.8%, and Resorts Digital, the former online arm of Resorts casino, earned $1.5 million, down 4.8%.
Persons:
”, Jane Bokunewicz, Lloyd Levenson, James Plousis, ” Gross, Harrah's, Bally's, Wayne Parry
Organizations:
CITY, of Gaming, bettors, Atlantic, Stockton University, New Jersey Casino Control, Ocean, Tropicana, Caesars, Golden, Resorts, Caesars Interactive, Resorts Digital, Associated Press
Locations:
N.J, New Jersey, Atlantic City