Atlantic City casinos becoming less profitable despite higher gaming revenue, analyst warns
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Atlantic City's nine casinos saw their operating profits decline by 9.3% to $162.4 million in the second quarter, with a Stockton University analyst calling it "a clear trend" of the city's casinos becoming less profitable. Including online-only Caesars Interactive Entertainment New Jersey, the dec…
Atlantic City's nine casinos saw their operating profits decline by 9.3% to $162.4 million in the second quarter, with a Stockton University analyst calling it "a clear trend" of the city's casinos becoming less profitable. Including online-only Caesars Interactive Entertainment New Jersey, the decline was 10.1%, according to the New Jersey Division of Gaming Enforcement's...