Borgata Hotel Casino & Spa has generated most of the increase
Atlantic City casinos' operating profit up 35 percent
2014-08-25
Reading time 28 seg
(US).- Atlantic City's 11 casinos saw their gross operating profit increase by nearly 35 percent in the second quarter of this year. Most of the increase appears to have been generated by the Borgata Hotel Casino & Spa, which reached an USD 88 million tax settlement with the city in June. Most other casinos, while turning a profit, saw that profit decline in the second quarter.
Figures released Friday by the state Division of Gaming Enforcement show the casinos posted a collective gross operating profit of more than US$ 83 million in April, May and June of this year.
That's an increase of 34.9 percent compared with the same period last year, when New Jersey had not yet legalized Internet gambling.
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