Atlantic City struggling to recover

Atlantic City on the New Jersey coast is not seeing a boom time for its casinos, despite the relaxing of the pandemic restrictions.

The nine casinos in the city recorded collective profits down by nearly one per cent in the second quarter of the year, reports Associated Press. Five casinos failed to beat their pre-pandemic profit levels.

Gross operating profit was $183.6m in the second quarter, down from the $185.1m of the second quarter of last year. One of the casinos, Bally’s, had an operating loss of $3.7m.

“Although gross operating profit figures were relatively flat in the second quarter, during that time period the casino hotels were making important and significant investments in their facilities to create new and exciting experiences for their guests to enjoy,” said James Plousis, chairman of the New Jersey Casino Control Commission.

“Those capital investments are critical to ensure the long-term appeal of Atlantic City as a resort destination.”