Casinos Less Profitable

The city’s casinos in Atlantic City were less profitable in 2023 than they were a year earlier, even with help from the state’s booming online gambling market. And the Press of Atlantic City goes on to say figures released Monday by the New Jersey Division of Gaming Enforcement show the nine casinos collectively reported a gross operating profit of $744.7 million in 2023, a decline of 1.6% from 2022. When two internet-only entities affiliated with several of the casinos are included, the decline in profitability was 4.1% on earnings of $780 million.