Publication Date: April 9, 2026, 09:28h.
Updated on: April 9, 2026, 09:34h.
- Profits in Atlantic City casinos saw a decline in 2025
- Bally’s posted a gross operating loss, raising concerns about the Boardwalk’s future
- Borgata solidified its leading position in the Atlantic City gaming sector
The profitability landscape of Atlantic City’s casino sector is diminishing, as factors like inflation and shifts in consumer spending are challenging the management of resort facilities along the New Jersey shore.
According to the New Jersey Division of Gaming Enforcement, the total net revenue for the nine resorts hit $3.24 billion in 2025, marking a slight 0.6% increase compared to the previous year. This net revenue encompasses earnings from casino operations, room bookings, food and beverage services, entertainment, and other property sources.
Despite an uptick in overall revenue, the gross operating profits experienced a downturn of 1.4%, landing at $665.42 million. Gross operating profit, as explained by the DGE, is a financial indicator that reflects earnings prior to accounting for interest, taxes, depreciation, amortization, affiliate fees, and various other charges. “It is a widely recognized profitability measure in Atlantic City’s gaming sector,” states the state regulatory body.
The last quarter of 2025 brought unfavorable results, with casino profits decreasing by 7.1% despite a 2% rise in net revenue.
The Atlantic City Squeeze
The 2025 profitability report for Atlantic City underscores rising concerns for this famous New Jersey casino town. With three casinos slated to open in downstate New York, the landscape of Atlantic City could soon experience significant changes.
Recent data from the US Bureau of Economic Analysis indicates that inflation-adjusted consumer spending remained stagnant in February. The ongoing conflict with Iran is anticipated to exacerbate inflation in the following months, placing additional strain on consumer expenditure.
Atlantic City casinos are already confronting economic challenges, as four out of the nine casinos reported reduced profits in 2025. Caesars’ operating results plummeted by 40% to $34.1 million, Tropicana saw a 25% profit drop to $61.8 million, and Harrah’s earnings fell by 12% to $56.5 million.
Bally’s was the largest loser, with its operating profit failing spectacularly, resulting in a net operating loss of $2.8 million. Despite a $100 million renovation completed in 2024, Bally’s remains a financial liability for its parent company, which is also invested in the $4 billion Bally’s Bronx development at Ferry Point Park. Should an Atlantic City casino shutter its doors, Bally’s would likely be the top candidate.
In contrast, Borgata continues to hold the title of the most profitable casino in Atlantic City, generating a gross operating profit of $237.4 million, reflecting a 14% increase year-over-year.
Golden Nugget, primarily benefiting from its online gaming operations, emerged as the star performer, experiencing a remarkable 57% rise in profits, amounting to $28.3 million.
Room Occupancy Insights
In 2025, the 15,424 hotel rooms within Atlantic City’s casinos had an occupancy rate of 71.2%, a slight decrease from 72% in 2024. The average nightly rate similarly declined, dropping from $178 in 2024 to $175.
In comparison, during the pre-pandemic year of 2019, the occupancy rate for Atlantic City’s casino hotels was nearly 79%, although room prices were significantly lower at $142.