Atlantic City casino revenues remain stable in 2016 despite Taj Mahal closure
Casino revenues remained stable last year despite the closure of the Trump Taj Mahal Casino Resort in October, according to casino gaming numbers released by the state Department of Gaming Enforcement Friday afternoon. Total casino revenue, including internet, gaming and hospitality, totaled more than $3.71 billion in 2016 compared to $3.70 billion last year, an […]
Atlantic City tries to turn its fortunes around
At its peak, Atlantic City had 12 casinos. Now, the Jersey Shore gambling and entertainment destination has just seven, the lingering result of the economic downturn as well as competition from neighboring states that have legalized gaming in recent years. But the city is hoping its fortunes will change, thanks to a few promising developments. […]
Atlantic City Casino Profit Is New Evidence of Stabilization
Atlantic City’s casinos saw their gross operating profits increase by 7.3 percent 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 […]