Atlantic City profits soar

Figures from the New Jersey Division of Gaming Enforcement (DGE) reveal gross operating profit for the three months ended 30 September as $237.5m, up from $147.6m from Q3 2014.

Total revenue for the period was actually down 8% to $1.03bn, with net revenue dropping 6% to $783m.

Borgata remains the market leader, reporting a 43% profit increase to $82.1m alongside a net revenue rise of 13%.

Harrah’s was the next best performer with a 45% profit rise to $41.9m alongside a 2% revenue increase.

Caesars reported a 56% upturn in profits to $32.5m, with Tropicana up 41% to $26.1m and Bally’s improving 70% to $21.2m.

Trump Taj Mahal increased 182% to $16.2m, Golden Nugget jumped 62% to $9.1m and Resorts Casino was up 80% to $8.9m.

Within digital, Caesars Interactive Entertainment New Jersey (CNIENJ) turned a $2.2m loss into a $1.5m profit, while Resorts Digital, which wasn’t live last year, recorded a loss just short of $2m.

For the nine months ended 30 September, total Atlantic City profits increased 68% to $450.9m, although total revenue and net revenue fell 10.3% and 8.5% respectively.

In a recent interview with Gambling Insider, director of the New Jersey Division of Gaming Enforcement (DGE), David Rebuck, revealed that New Jersey will look to legalise online sports betting in the state, should it be successful in regulating land-based sports wagering.

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Gareth Bracken

Journalist

Gareth Bracken is an experienced gaming journalist and editor who spent more than six years with Players Publishing, progressing through a range of senior editorial roles across its flagship titles, including Gambling Insider. He joined the company in 2010 as an Editorial Assistant before advancing to Staff Writer, Senior Staff Writer, Editor, and later Senior Features Writer.

Between 2011 and 2016, Gareth played a central role in shaping editorial output across print and digital platforms, producing in-depth features, news coverage and long-form analysis on the global gambling and iGaming industries. As Editor from September 2014 to October 2015, he oversaw content strategy, editorial standards and production workflows, helping guide the publication’s development as a leading B2B industry voice.

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