Those three casinos were the only ones to earn more in the second quarter this year than they did in the same pre-pandemic period of 2019. Tropicana had a profit of nearly $25 million, down nearly 18%, and the Ocean casino had a profit of nearly $24 million - up nearly 54% from a year earlier. Hard Rock posted the largest operating profit at $30.4 million, but it was still down 20% from a year earlier. That is down 20.5% from the same period a year ago, and also less than the $159 million operating profit they posted in the second quarter of 2019. 22, 2023, by the New Jersey Division of Gaming Enforcement show Atlantic City's nine casinos posted a gross operating profit of nearly $146 million in the second quarter of this year. Gambling chips sit on a table during a game of roulette at the Hard Rock casino in Atlantic City, N.J., on May 17, 2023. The casinos currently employ about 1,000 more people than they did a year ago, he said. The fact that all nine casinos were profitable despite higher costs is encouraging, said James Plousis, chairman of the New Jersey Casino Control Commission. “Given the increases in labor expenses that did not exist prior to July 2022 and increases in operational expenses overall, this decline is not unexpected,” she said. By clicking Sign up, you agree to our privacy policy.
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