2020_8_pragmatic.gif
2020_8_pragmatic.gif
2020_8_pragmatic.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 23 November 2017

Atlantic City profits up 20.7% in Q3 2017

By Robert Simmons
Atlantic City’s seven surviving casinos have reported a 20.7% year-on-year increase in their gross operating profits for the third quarter of 2017.

In its third quarter report, the New Jersey Division of Gaming Enforcement (NJDGE) revealed the casinos' gross operating profits during the period were $252.5m, beating the $209.2m reported during the same period of 2016.

The chief earnings winner was the Tropicana, which reported a 67% year-on-year rise in earnings during Q3, increasing to $46.2m from the $27.6m received during the third quarter of 2016.

Also reporting earnings rises during the period were Caesars and the Golden Nugget, with year-on-year rises of 11% and 15.4% respectively, bringing their earnings up to $29m and $12.8m during the period.

Bally’s earnings during the period rose 10.7% to $18.1m while Harrah’s grew by just under 1% to $37.7m, with Resorts rising by just 0.3% to $10.7m.

Of the seven open casinos Borgata was the only one to post a loss during the period, with that loss being just 0.4%, making their earnings during the period $81.8m.

Atlantic City’s two internet-only corporate entities had a good quarter as well, with Caesars Entertainment NJ reporting a 55.4% year-on-year rise in its Q3 2017 earnings which were $3.7m during the period.

Resorts Digital reported a staggering year-on-year rise in its earnings during the period, jumping from a $570,000 profit during Q3 2016 to a $12.1m profit during the same period of this year.

RELATED TAGS: Online | Land-Based | Industry | Financial | Casino
DISCUSS THIS ARTICLE
IN-DEPTH 18 February 2020
A decade to remember
READ MORE

PREMIUM CONNECTIONS
Efbet
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
1xPartners
Affiliate
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
ActiveWins
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
BetConstruct
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
NSoft
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Zimpler
Payments
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...
BBIN
Systems and Software
The Leading iGaming Software Supplier in Asia