
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.