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Atlantic City Profits Up 25% in 2017

The United States' second-largest gambling market had a great 2017, as profits were up 25% for the period.

The numbers were released by the New Jersey Division of Gaming Enforcement released the numbers for Atlantic City's gambling numbers for last year, revealing that revenues were flat, but that profits were higher. Revenues were up 1.6% to $2.56 billion. Room revenue was at $391 million, and food and drink revenues came in at $427.3 million. Entertainment revenues were up 6% to $164.5 million.

Profits for the year were up 23.7% to $723.3 million, with six casinos up in terms of profits for the year. Harrah's was the only property to see lower revenues, as it brought in $115.8 million, which is down 2.7% from last year. The most profitable casino was the Borgata, which was up 19.5% to $292.5 million.

The revenues are likely the last year without sportsbetting taken into account. The state is expecting a ruling on their sportsbetting case where they're looking to legalize the activity. That case is with the Supreme Court, and is likely to be decided by June.

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bgsharpe
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Location: Sofia, Bulgaria
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13 April 2018 - 2:15pm
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When the revenues are at relatively the same hight while the profits have been growing so much you should think that something in terms of the games have been changed to benefit the casinos more, at least I can't think of some other reason.

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