Atlantic City's remaining casinos saw profits rise in third quarter

November 22, 2017 Press of Atlantic City

By Nicholas Huba

The city’s casino industry is continuing its winning ways. For the fourth consecutive quarter, the city’s seven remaining casinos reported double-digit growth in gross operating profits, according to figures from the state Division of Gaming Enforcement released Wednesday afternoon. The city’s remaining casinos saw their profits, including internet gaming, increase by more than 17.6 percent during the third quarter of this year. Gross operating profits for the properties totaled approximately $252.6 million in the third quarter, compared with $214.7 million during the third quarter of 2016. "As shown in the third quarter financial report, the 7 casino hotel properties and 2 online casino licensees reported the highest industry year-to-date gross operating profit since 2009, when there were 11 casino hotel properties," said Chris Glaum, Bureau Chief of Financial Investigations for the division."