Atlantic City profits up 30% in Q1 2017

Operating profit for the first four months of the year was up almost $32.5m to $139.2m, while total year-on-year revenue increased by 1.7% to $816.7m; however hotel room revenue decreased slightly from $88.4m to $83.7m.

Casino win accounted for just under 75% of total revenue at $606.2m for Q1 2017.

Caesars Atlantic City hotel and casino reported the biggest rise in total year-on-year revenue, jumping 20.7% from $88.1m in Q1 2016 to $106.3m for the first four months of 2017.

The figures do not include the Trump Taj Mahal casino, which closed in October 2016 following a protracted labour dispute, but could reopen next year following its purchase by the Hard Rock Casino Group.

Online gaming in the state also increased 29.5% year-on-year, from $61.8m in Q1 2016 to $80.1m in Q1 2017. Of the two online gaming outlets operating in New Jersey, Resorts Digital reported the largest, increasing from $4.46m in the first quarter of 2016 to $7.66m for the same period in 2017.

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Robert Simmons

Gambling Writer

Robert Simmons served as a writer for Gambling Insider, where he was an active contributor from 2017 until 2018. Throughout his tenure, Robert executed in-depth market research and wrote over 500 news and press-release articles covering the global gambling industry under strict editorial standards and tight deadlines. He contributed editorial support to the production of five 100+ page Gambling Insider magazines, eight 25+ page Trafficology magazines, and five 25+ page special print focus editions. In addition, he produced 30 in-depth feature articles for print, secured over 30 contributions from external writers, and built long-standing professional relationships with industry stakeholders across all levels of the gambling sector.

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