Atlantic City Casinos Report 61% Increase in Q3 Gross Operating Profit

GrossoperatingprofitsatAtlanticCityseightoperationalcasinosgrew61%year-on-yearto$237。

4millioninthethirdquarteroftheyear,theNewJerseyDivisionofGamingEnforcementreportedonMonday。

Theamountof$147。

5millionwaspostedforthesamethreemonthsayearago。

MattLevinson,ChairmanofthestateCasinoControlCommission,toldmediathatthereportedfiguresareindicativeoftheimprovementoflocalcasinooperations“afterseveraldifficultyears。

”Theofficialfurthernotedthateachoneoftheeighthotelandcasinovenuesinthecitypostedthird-quarterincreasesinprofits,duetogrowthsincasino,accommodation,andfoodandbeveragerevenuesaswellasreducedexpenses。

HereitisimportanttonotethattheconsiderableincreasesactuallyreflectthedifficultiesAtlanticCitysgamblingindustryhadtofacein2014,whenfourcasinoscloseddoorspermanently。

Ballysposteda70%increaseingrossoperatingprofitto$21。

2millionforthethirdquarterendedSeptember30。

GrossoperatingprofitatTheBorgatagrew43%year-on-yeartoreach$82。

1million。

Caesarsposteda56%increaseto$32。

5million。

GrossoperatingprofitatGoldenNuggetrose56%to$9。

1millionascomparedtothefigurespostedforthesameperiodayearago。

Harrahsreporteda45%increaseto$41。

9million。

Resortswasalsoamongthetopperformerswithan80%growthingrossoperatingprofitto$8。

9million。

Tropicanaposteda41%riseto$26。

1million。

GrossoperatingprofitatTrumpTajMahalamountedto$16。

2millionforthethirdquarteroftheyear,uptheimpressive182%year-on-year。

Lastbutnotleast,CaesarsInteractiveNewJersey,knowntobeCaesarsonlinegamblingdivision,reportednetoperatingprofitof$1。

5million,up168%ascomparedtothe-$2。

2millionpostedforthesameperiodayearago。

TotalrevenueatAtlanticCityseightcasinosandtheirInternetgamingdivisionsamountedto$1billioninthethirdquarteroftheyear,reflectingan8%decreasefromthe$1。

1billionpostedforthesamethreemonthsof2014。

Netrevenuetotaled$783millionduringtheperiodinreview,down6%year-on-year。

Excludingnetrevenuefromthethreecasinosthatcloseddoorsduringthethirdquarterof2014,netrevenuegeneratedinthethreemonthsendedSeptember30,2015increased5%。

TheNewJerseyDivisionofGamingEnforcementalsoreportedcollectivegrossoperatingprofitforthefirstninemonthsoftheyearof$450。

9million,up67。

5%year-on-year。