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.
Atlantic City Q3 Casino Earnings up Nearly 21 Percent
November 22, 2017 Associated Press