The seven casinos in Atlantic City experienced a lucrative 2017 as their aggregated annual gross operating profit increased by 22.5% year-on-year to top $723.28 million while their combined net revenues improved by 5% to reach just over $2.67 billion.
According to an April 9 report from The Press of Atlantic City newspaper citing figures from the New Jersey Division of Gaming Enforcement, the venues also recorded a 6% rise year-on-year in total twelve-month revenues to $3.54 billion as average occupancy rates pushed up by 5.4% to reach 86.9%.
The newspaper reported that the resurgence in New Jersey was led by Tropicana Entertainment Incorporated’s 2,100-room Tropicana Casino and Resort Atlantic City as it posted a 71% swell year-on-year in annual gross operating profit to $91.92 million alongside an associated 12.1% rise in net revenues to $385.91 million.