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Atlantic City Profits Dip 7.4% In 2011

Atlantic City's casino profits were down by 7.4% in 2011, to just under $495 million a report by the New Jersey Division of Gaming Enforcement shows.

The profits were a decline from the $534.6 million the city's casinos made in 2010. Recently, Atlantic City lost its spot as the number two gambling market to Pennsylvania.

For the year, four of the eleven casinos showed increases in gross operating profits. Those casinos were:

  • Caesars Atlantic City, up 21.5% to $87.3 million

  • Trump Taj Mahal, up 9.1% to $55.3 million

  • The Showboat Casino Hotel, up 7.4% to $48.4 million

  • Trump Plaza Hotel and Casino, which took in a $2.6 million operating profit

The coastal New Jersey city also showed improvement in the fourth quarter of last year, with gross operating profit rising by 26.1% over the same period in 2010 to $78.5 million.

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