Five of Atlantic City’s nine casinos reporting a drop in profitsNew Jersey Q2 Casino Revenue up by 14% Year-on-Year New Jersey Q2 Casino Revenue up by 14% Year-on-Year reported $828.8 million in combined net revenue. This was an increase of 14.1% year-on-year. Despite this, five of Atlantic City’s nine casinos reported lower profits than the same period in 2021. Bally’s reported an operating loss of $3.7 million.
Borgata was the market leader for the period reporting the largest quarterly operating profit of $42.2 million. This was an increase of 4.6% from 2021’s figures. Hard Rock reported $38 million in profits, up 45.9% while Tropicana profits grew by 8.2% to $30.3 million.
Caesars saw the largest drop in profits down by 23.6% to $14.1 million while Harrah’s profits dropped by 14 % to $21.3 million. Ocean saw an 8.1% drop to $15.5 million while Golden Nugget reported a 14.7% drop to $9.1 million. Resorts profits dropped by 15.1% to $6.2 million.
New Jersey Q2 Casino Revenue up by 14% Year-on-Year
Jenny Tang
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.