2021 at 73.4 percent … an increase of 6 percent versus 2021. In good news, the collective hotel daily occupancy rate was up for 2022 vs. 2021, only two of the 9 Atlantic City casinos achieved a higher operating profit last year vs. The financial challenges are not just a result of trying to grow beyond pre-pandemic levels. The biggest hurdle remains the runaway inflation, with operating expenses up approximately 25 percent, which is devastating to the bottom line.Īn expensive union contract also hit the 3rd and 4th quarter 2022 operating profit. This is down from the $766.8 million profit they made in 2021 … a decline of 4.6 percent. The New Jersey Division of Gaming Enforcement has long managed the collection and public release of casino data.įor the last full year, Atlantic City’s nine casinos generated a gross operating profit of $731.2 million in 2022. The violence and poor local Atlantic City government is also a significant problem. New York City competition is looming large. The Atlantic City casinos have been battling hard ever since, facing mounting challenges from a variety of fronts. The first American case of COVID-19 was reported on Januand President Donald Trump declared the United States outbreak a public health emergency on January 31, 2020. ![]() Only four Atlantic City casinos have achieved a higher operating profit for 2022 vs.
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