Posted on: November 21, 2023, 01:57h.
Last updated on: November 21, 2023, 01:57h.
The third quarter of 2023 saw all nine Atlantic City casinos turn a profit. The industry was led by Borgata, which reported a gross operating profit of $73.5 million, besting its competitors. MGM Resort’s performance is a reassuring sign for bettors as it betters the offerings of similar casinos.
Caesars’ digital unit emerges as an important side bet for casino profits, reporting a gross profit of $5.1 million. Bettors wanting to effectively multiply their stakes in bookmakers can explore such offerings further.
Gross operating profit, the DGE explains, reflects earnings before interest, taxes, depreciation, amortization, affiliate charges, and other miscellaneous expenses as reflected on each casino’s income statement. The gauge is a widely-accepted measure of profitability in the Atlantic City gaming industry. Make smart bets by considering this gauge while wagering on casinos or sports events that have a casino element or affiliation.
AC Casinos Beat 2019
During the third quarter, Atlantic City casinos reported a total net revenue of $949.26 million. There’s a lot of data to process for bettors seeking a play to maximize their potential winnings before the end of the year.