Six of 11 casinos in Atlantic City had gross operating losses in the first quarter, the New Jersey Division of Gaming Enforcement reported.
Four of the five casinos with operating gains in the quarter ended March 31 reported declines from last year. In aggregate, gross operating profits for those four casinos - Borgata, Caesars, Harrah's, and Showboat - fell 35 percent, to $50.36 million from $77.83 million.
Tropicana was the exception. Its gross operating profit soared to $32.09 million this year from $1.98 million thanks to the way it accounted for a property-tax settlement.
Revel, Atlantic City's newest casino, cut its gross operating loss nearly in half, to $21.75 million from $40.78 million.
Also noteworthy are the results of the Golden Nugget, which has had strong increases in revenue. Despite that growth, the casino between the Borgata and Harrah's in the Marina District had a gross operating loss of $1.8 million in the quarter.Four of the five casinos with operating gains in the quarter ended March 31 reported declines from last year. In aggregate, gross operating profits for those four casinos - Borgata, Caesars, Harrah's, and Showboat - fell 35 percent, to $50.36 million from $77.83 million.
Tropicana was the exception. Its gross operating profit soared to $32.09 million this year from $1.98 million thanks to the way it accounted for a property-tax settlement.
Revel, Atlantic City's newest casino, cut its gross operating loss nearly in half, to $21.75 million from $40.78 million.
Read more at http://www.philly.com/philly/business/20140523_Six_A_C__casinos_had_operating_losses_in_first_quarter.html#j5vfGFvFk5J4Velg.99
Three casinos make significant cuts in earnings losses in first quarter
Three Atlantic City casinos made significant strides in closing their earnings losses in the first quarter of the year while the casino industry as a whole ...
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Six A.C. casinos had operating losses in first quarter
Read more at http://www.philly.com/philly/business/20140523_Six_A_C__casinos_had_operating_losses_in_first_quarter.html#j5vfGFvFk5J4Velg.99
Read more at http://www.philly.com/philly/business/20140523_Six_A_C__casinos_had_operating_losses_in_first_quarter.html#j5vfGFvFk5J4Velg.99
Read more at http://www.philly.com/philly/business/20140523_Six_A_C__casinos_had_operating_losses_in_first_quarter.html#j5vfGFvFk5J4Velg.99
Six of 11 casinos in Atlantic City had gross operating losses in the first quarter, the New Jersey Division of Gaming Enforcement reported. Four of the ...
Six of 11 casinos in Atlantic City had gross operating losses in the first quarter, the New Jersey Division of Gaming Enforcement reported.
Four of the five casinos with operating gains in the quarter ended March 31 reported declines from last year. In aggregate, gross operating profits for those four casinos - Borgata, Caesars, Harrah's, and Showboat - fell 35 percent, to $50.36 million from $77.83 million.
Tropicana was the exception. Its gross operating profit soared to $32.09 million this year from $1.98 million thanks to the way it accounted for a property-tax settlement.
Revel, Atlantic City's newest casino, cut its gross operating loss nearly in half, to $21.75 million from $40.78 million.
Also noteworthy are the results of the Golden Nugget, which has had strong increases in revenue. Despite that growth, the casino between the Borgata and Harrah's in the Marina District had a gross operating loss of $1.8 million in the quarter.Four of the five casinos with operating gains in the quarter ended March 31 reported declines from last year. In aggregate, gross operating profits for those four casinos - Borgata, Caesars, Harrah's, and Showboat - fell 35 percent, to $50.36 million from $77.83 million.
Tropicana was the exception. Its gross operating profit soared to $32.09 million this year from $1.98 million thanks to the way it accounted for a property-tax settlement.
Revel, Atlantic City's newest casino, cut its gross operating loss nearly in half, to $21.75 million from $40.78 million.
Read more at http://www.philly.com/philly/business/20140523_Six_A_C__casinos_had_operating_losses_in_first_quarter.html#j5vfGFvFk5J4Velg.99
Six of 11 casinos in Atlantic City had gross operating losses in the first quarter, the New Jersey Division of Gaming Enforcement reported.
Four of the five casinos with operating gains in the quarter ended March 31 reported declines from last year. In aggregate, gross operating profits for those four casinos - Borgata, Caesars, Harrah's, and Showboat - fell 35 percent, to $50.36 million from $77.83 million.
Tropicana was the exception. Its gross operating profit soared to $32.09 million this year from $1.98 million thanks to the way it accounted for a property-tax settlement.
Revel, Atlantic City's newest casino, cut its gross operating loss nearly in half, to $21.75 million from $40.78 million.
Also noteworthy are the results of the Golden Nugget, which has had strong increases in revenue. Despite that growth, the casino between the Borgata and Harrah's in the Marina District had a gross operating loss of $1.8 million in the quarter.Four of the five casinos with operating gains in the quarter ended March 31 reported declines from last year. In aggregate, gross operating profits for those four casinos - Borgata, Caesars, Harrah's, and Showboat - fell 35 percent, to $50.36 million from $77.83 million.
Tropicana was the exception. Its gross operating profit soared to $32.09 million this year from $1.98 million thanks to the way it accounted for a property-tax settlement.
Revel, Atlantic City's newest casino, cut its gross operating loss nearly in half, to $21.75 million from $40.78 million.
Read more at http://www.philly.com/philly/business/20140523_Six_A_C__casinos_had_operating_losses_in_first_quarter.html#j5vfGFvFk5J4Velg.99
Six of 11 casinos in Atlantic City had gross operating losses in the first quarter, the New Jersey Division of Gaming Enforcement reported.
Four of the five casinos with operating gains in the quarter ended March 31 reported declines from last year. In aggregate, gross operating profits for those four casinos - Borgata, Caesars, Harrah's, and Showboat - fell 35 percent, to $50.36 million from $77.83 million.
Tropicana was the exception. Its gross operating profit soared to $32.09 million this year from $1.98 million thanks to the way it accounted for a property-tax settlement.
Revel, Atlantic City's newest casino, cut its gross operating loss nearly in half, to $21.75 million from $40.78 million.
Also noteworthy are the results of the Golden Nugget, which has had strong increases in revenue. Despite that growth, the casino between the Borgata and Harrah's in the Marina District had a gross operating loss of $1.8 million in the quarter.Four of the five casinos with operating gains in the quarter ended March 31 reported declines from last year. In aggregate, gross operating profits for those four casinos - Borgata, Caesars, Harrah's, and Showboat - fell 35 percent, to $50.36 million from $77.83 million.
Tropicana was the exception. Its gross operating profit soared to $32.09 million this year from $1.98 million thanks to the way it accounted for a property-tax settlement.
Revel, Atlantic City's newest casino, cut its gross operating loss nearly in half, to $21.75 million from $40.78 million.
Read more at http://www.philly.com/philly/business/20140523_Six_A_C__casinos_had_operating_losses_in_first_quarter.html#j5vfGFvFk5J4Velg.99
River casino revenue continues to drop
While casinos along Mississippi's Gulf Coast continue to tread water, those along the Mississippi River continue to post steep revenue declines.
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