Published on: November 25, 2025, 09:56h.
Updated on: November 25, 2025, 10:01h.
- All nine casinos in Atlantic City achieved profitability in Q3 2025.
- Rising costs impacted overall profits in the resorts.
Atlantic City is witnessing a revival, with state reports indicating that all nine casinos maintained profitability during the quarter ending September 30, 2025.
Casino revenue at the nine gaming venues along the New Jersey coastline is poised for a post-pandemic record. As of October, gross gaming revenue (GGR) from on-site slot machines and live table games exceeded $2.44 billion, reflecting a 3.4% increase, or $79.4 million, compared to the previous year.
The rise in gaming activity, along with robust visitor numbers, has resulted in stronger and more sustainable financial outcomes for the nine resorts. According to the New Jersey Division of Gaming Enforcement (DGE), casino gross operating profits for the third quarter reached $232.9 million. While this indicates a 1.5% decline compared to the previous year, mainly due to rising costs, all nine establishments remained profitable.
According to the DGE, gross operating profits serve as a “widely accepted gauge of profitability in the Atlantic City gaming sector.”
Cost Pressures Impact Profits
After dipping to a one-year low of 2.3%, the US Bureau of Labor Statistics has reported that inflation has risen to 3% as of September. Increased operational expenses have significantly affected the casinos.
While net revenue from casinos, hotel accommodations, dining, and entertainment rose modestly by 0.7% to $931.5 million in the quarter, gross profits fell 1.5%. James Plousis, chair of the New Jersey Casino Control Commission, noted that the results reflect “the ongoing challenges casinos face from rising costs.”
Out of the nine casinos, six reported decreased profits. Caesars’ profit fell by 29% to $16.6 million, Tropicana experienced a 10% decrease to $27.6 million, Bally’s saw a 10% drop to $5.9 million, Hard Rock faced a 6% decline to $45.4 million, Harrah’s was down 2.5% to $22 million, and Resorts reported a 25% decrease to $3.7 million.
Borgata, Ocean, and Golden Nugget successfully navigated these economic challenges. Borgata saw its profits increase by 10% to $66.2 million compared to Q3 2024. Ocean’s profit improved by 13% to $41.4 million, while Golden Nugget’s profits rose by 15% to $7.2 million.
Over the first nine months of the year, all nine Atlantic City casinos have remained profitable, with five reporting year-over-year profit increases. The overall outlook for the Atlantic City gaming sector is stable, with net revenue at $2.47 billion (up 0.2%) and gross profits at $546.26 million (down 0.1%) compared to last year.
Decline in Room Revenue
At the end of the quarter, Atlantic City casinos offered 15,424 hotel rooms. During this period, these rooms had an occupancy rate of 84.3% with an average nightly rate of $195.40.
This performance shows mixed results compared to Q3 last year. While the occupancy rate marginally decreased to 84.1%, the casinos increased their average room rate to $201.08.
For Q3 2025, room revenue, assuming no complimentary rooms were given, totaled $229.1 million, a decrease from $238.3 million in Q3 2024.