Atlantic City casino revenue dips, while profit rises

Posted: August-22-14 Posted by: The Press of Atlantic City

According to The Press of Atlantic City, casino revenues in Atlantic City dropped 4.9% during the first six months of 2014, while profits increased 17.3% during the same period.  The increase in profitability is partially attributed to the strength of the Borgata, which is flush with funds from a settlement reached in June with Atlantic City regarding historical property-tax assessments. Three casinos are anticipated to close this year, including the Revel, Showboat and Trump Plaza.

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http://www.pressofatlanticcity.com/news/breaking/dge-total-casino-revenue-down-gross-operating-profit-up-in/article_1441b572-2a27-11e4-829c-0019bb2963f4.html

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