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 a brutal three-year period in which five of its 12 casinos shut down.
When the now-shuttered Trump Taj Mahal casino is removed from the equation, the figure rises to a 9 percent profit increase for the surviving seven casinos. The Taj closed in October.
The Borgata posted the largest profit with nearly $245 million.
Gross operating profit reflects earnings before interest, taxes and other charges, and is a widely accepted measure of profitability in the casino industry.