Posts Tagged: Casinos

Atlantic City Casinos Show Shrinking Profits

Amid challenging conditions, AC casinos show shrinking profits in Q2

The Division of Gaming Enforcement (DGE) released its quarterly and year-to-date gaming figures this week, which show that Atlantic City’s nine casinos were profitable in the second quarter — but not nearly as profitable as just one year ago. The casinos reported Q2 net revenue of $819 million, a 1.2% decrease over last year, and a gross… Read more »

Atlantic City Casinos Continue to Adapt to the ‘New’ Normal

Redevelopment in Atlantic City taking place this summer

In his remarks following the release of the Division of Gaming Enforcement’s (DGE) June 2023 numbers late last week, New Jersey Casino Control Commission Chairman James Plousis commented that, “Atlantic City’s casino hotels are building synergy between online and traditional gaming by providing customers the opportunity to enjoy the diverse experiences of a destination resort.” *Article… Read more »

New Jersey closer to Extending Atlantic City Takeover

ATLANTIC CITY, N.J. (AP) — New Jersey lawmakers passed a bill Monday that would extend the state takeover of most of Atlantic City’s major decision-making powers for another four years. If the bill is signed into law by Democratic Gov. Phil Murphy, the state will have been in charge of the seaside gambling resort’s major… Read more »