![]() Hard Rock earned $38 million, up nearly 46% from a year ago. “Amid uncertainties in the market, from the continued influence of public health concerns to inflation and raised fuel prices, the industry as a whole has learned to adapt and operate profitably,” she said.īorgata posted the largest quarterly operating profit at $42.2 million, up 4.6% from a year ago. Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling market, said higher operating profits compared to 2019 shows “that casino operators have continued to leverage lessons learned during the pandemic to balance expenses with consumer demand.” Gross operating profit reflects earnings before interest, taxes, depreciation, and other expenses, and is a widely accepted measure of profitability in the Atlantic City gambling industry. ![]() “Those capital investments are critical to ensure the long-term appeal of Atlantic City as a resort destination.” “Although gross operating profit figures were relatively flat in the second quarter, during that time period the casino hotels were making important and significant investments in their facilities to create new and exciting experiences for their guests to enjoy,” said James Plousis, chairman of the New Jersey Casino Control Commission.
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