New Jersey Division of Gaming Enforcement reported
Atlantic City casino operating profit up 30% in Q1
Figures released by the seven casinos show an operating profit of USD 139.2M, which represents an increase of 30.4% over the same period last year.
2017-05-23
Reading time 21 seg
Figures released by the seven casinos show an operating profit of USD 139.2M, which represents an increase of 30.4% over the same period last year.
Gross operating profit reflects earnings before interest, taxes, depreciation and other charges. It's a widely accepted measure of profitability in the gambling industry.
Matt Levinson, chairman of the New Jersey Casino Control Commission:
““The numbers prove Atlantic City's casino industry is healthy again after a string of five casino shutdowns since 2014.
”
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