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Atlantic City Third Quarter Profits Up 7.2%

Atlantic City's gaming revenues saw an increase of 7.2% in the third quarter of 2014, as operators brought in $147.5 million in profit during that time period.

The higher revenues are being attributed to online gaming operations as well as the closure of several casinos which pushed business to other operators and eased the losses that the nearly bankrupt casinos were reporting on their ledgers.

The largest increase in gaming revenues goes to Resorts Casino Hotel, which saw profits rise nearly 600% to $4.9 million. The Golden Nugget also saw a huge leap, gaining $5.6 million in profit, which is up 165% from the same period last year.

For the nine months beginning the year, Atlantic City casinos posted profits of $319 million, which is still down 1.5% from the same time last year.

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