Profits of Atlantic City Casinos Decline by 7% to $274 Million


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.

Atlantic City casino resorts gross profits
Beachgoers bask in the July sun in Atlantic City. The third quarter of 2023 was profitable for all nine casinos in town, with Borgata leading the way. (Image: AP)

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.

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