Atlantic City Q3 Casino Earnings up Nearly 21 Percent

November 22, 2017 Associated Press

By Wayne Parry

Atlantic City's casino earnings increased by nearly 21 percent in the third quarter of this year compared with a year ago, according to figures released Wednesday. The seven casinos posted a gross operating profit of $252.5 million for the quarter, the New Jersey Division of Gaming Enforcement's numbers show. Gross operating profit reflects earnings before interest, taxes, depreciation and other charges, and is a widely accepted measure of profitability in the casino industry. Tropicana's earnings were up 67 percent for the quarter, to $46.2 million. The Golden Nugget was up 15.4 percent to $12.8 million, and Caesars was up nearly 11 percent to $29 million. Only the Borgata posted a quarterly loss, and theirs was less than half a percent, down to $81.8 million.