In July, August, and September, net revenue—which includes earnings from gaming, lodging, food and drink, and entertainment—dropped 2.5% to just over $925 million. Inflation-driven cost increases combined with lower revenue caused gross operating profits to plummet 13.8% to about $236.6 million.
According to each casino licensee's income statement, gross profits are earnings before interest, taxes, depreciation, amortization, affiliate fees, and other miscellaneous items. It is a commonly used indicator of profitability in the gaming industry in Atlantic City.
According to each casino licensee's income statement, gross profits are earnings before interest, taxes, depreciation, amortization, affiliate fees, and other miscellaneous items. It is a commonly used indicator of profitability in the gaming industry in Atlantic City.