Atlantic City casino profits further shrink in third quarter of 2024

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.
 
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