Atlantic City’s seven casinos posted $252.5 million in profit for the third quarter, up about 21 percent over 2016.
Gross operating profit reflects earnings before interest, taxes, depreciation and other charges, and is a widely accepted measure of profitability in the casino industry.
According to an analysis by the Associated Press, Tropicana’s earnings were up 67 percent for the quarter, to $46.2 million. The Golden Nugget was up 15.4 percent to $12.8 million, and Caesars was up nearly 11 percent to $29 million.
Bally’s was up 10.7 percent to $18.1 million; Harrah’s was up just under 1 percent to $37.7 million, and Resorts was flat at $10.7 million.
Only the Borgata posted a quarterly loss, at less than half a percent, down to $81.8 million.
Among online companies serving the market, Caesars Entertainment-NJ was up 55.4 percent to $3.7 million, and Resorts Digital went from a $570,000 profit in the third quarter of last year to a $12.1 million profit in the third quarter this year, the AP reported.
Atlantic City’s casinos had an operating profit of $561 million for the first nine months of the year, up 19.8 percent from the same period last year.
