Atlantic City casinos bounce back

Eight of the nine casinos in Atlantic City were profitable in the second quarter of this year as business improved and people were keen to return to venues in person.

Figures released this week by the New Jersey Division of Gaming Enforcement show the casinos collectively posted a gross operating profit of $185.1m in April, May and June of this year.

The casinos were closed for the entire second quarter of 2020 due to the coronavirus pandemic. They collectively posted an operating loss of $112.4mi for that quarter.

But compared with the second quarter of 2019, before the coronavirus was circulating, this year’s second-quarter profits were up more than 16 per cent. That is a comparison many in the Atlantic City casino industry see as more of a comparable assessment.