Casinos see year-over-year increase in total gaming win
Atlantic City figures show signs of stabilization after downturn
Atlantic City's casinos saw their gross operating profits increase by 7.3% in 2016.
2017-04-10
Reading time 31 seg
Atlantic City's casinos saw their gross operating profits increase by 7.3% in 2016.
Figures released Friday by the state Division of Gaming Enforcement show the eight casinos that began the year collectively earned an operating profit of more than $587 million.
The figures provide new evidence that Atlantic City's casino industry is stabilizing after a brutal three-year period in which five of its 12 casinos shut down.
When the now-shuttered Trump Taj Mahal casino is removed from the equation, the figure rises to a 9 percent profit increase for the surviving seven casinos. The Taj closed in October.
The Borgata posted the largest profit with nearly $245 million.
Gross operating profit reflects earnings before interest, taxes and other charges, and is a widely accepted measure of profitability in the casino industry.
Leave your comment
RELATED NEWS
States seek control over sports contracts
State attorneys general push for local control over sports prediction markets
Legal clash over federal and state authority
Massachusetts high court signals skepticism in Kalshi sports contracts case
Environmental review filed
Wisconsin: Federal review advances for Menominee Tribe's Kenosha casino proposal
COMPANIES
Brings more than 20 years of experience
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
New Event Content & Production Manager
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Also participatedin SBC Summit Malta
CT Interactive expands portfolio, boosts Bulgaria presence in April
Hundreds of jobs at risk as shops shut
William Hill owner Evoke to close 270 shops as losses widen on tax hit
NYCE Marketplace
Upcoming Philippines casino resort
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
Partnership expansion
Racing and Sports partners with Altenar to enhance global racing offering
New Blask market report
Mexico's iGaming market breaks its four-year uptrend
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
European circuit expands
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
