Casino Profits Fall 15 Percent in Atlantic City for 2018

Atlantic City’s expanded casino market saw an increase in revenue for 2018, but overall profits for the resort’s casinos was down 15 percent. Profits for the city’s casinos was $582 million. Of the seven city casinos that operated for the entire year, five saw decreases in profit, including the market leading Borgata which saw an about 19 percent decline. Two new casinos opened in June 2018 bringing the city’s total market to nine casinos.