{"id":8260,"date":"2024-11-26T06:48:43","date_gmt":"2024-11-26T06:48:43","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/11\/26\/atlantic-city-casinos-report-mixed-financial-results-for-q3-2024\/"},"modified":"2024-11-26T06:48:43","modified_gmt":"2024-11-26T06:48:43","slug":"atlantic-city-casinos-report-mixed-financial-results-for-q3-2024","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/11\/26\/atlantic-city-casinos-report-mixed-financial-results-for-q3-2024\/","title":{"rendered":"Atlantic City Casinos Report Mixed Financial Results for Q3 2024"},"content":{"rendered":"<div>\n<p>According to the New Jersey Division of Gaming Enforcement, the third quarter of 2024 was difficult for Atlantic City\u2019s nine casinos. At $236.6 million, gross operating profits as a whole decreased 13.8% from the previous year. Additionally, net revenue fell 2.5 percent to $925.1 million. Revenue in the <a href=\"https:\/\/igaming.org\/casino-news\/atlantic-city-casinos-see-10-drop-in-q1-2024-operating-profits\/\">first quarter<\/a> was also down for Atlantic City casinos.<\/p>\n<p>Borgata reported net revenue of $218.4 million, up $44,000, making it the only casino to avoid a decline. Harrah\u2019s, on the other hand, experienced the worst decline in net revenue, falling 11.3% to $79.8 million. Tropicana came next, earning $86.8 million despite a 4.1% drop. Revenue declines of 2.8% or less were reported by other casinos.<\/p>\n<p>Golden Nugget faced a steep 43.8% decline in gross operating profit, ending at $6.2 million. Resorts Casino and Harrah\u2019s also saw notable profit drops of 32.6% and 24.8%, respectively.<\/p>\n<h2>Notable Performers and Trends<\/h2>\n<p>Despite the overall downturn, Hard Rock achieved a 2.4% increase in gross operating profit, reaching $45.4 million. Borgata remained the leader in gross operating profit at $60.4 million, though this marked a 17.8% decrease from the previous year.<\/p>\n<p>Resorts Digital also struggled, with net revenue falling 28.7% to $6.1 million and gross operating profit dipping 4.8% to $1.5 million.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Across all properties, total net revenue reached $943.2 million, down 2.9% year-over-year. Hotel occupancy also declined slightly, dropping 1.5% to 84.1%.<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/atlantic-city-casinos-report-mixed-financial-results-for-q3-2024\/\">Atlantic City Casinos Report Mixed Financial Results for Q3 2024<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to the New Jersey Division of Gaming Enforcement, the third quarter of 2024 was difficult for Atlantic City\u2019s nine casinos. At $236.6 million, gross operating profits as a whole decreased 13.8% from the previous year. Additionally, net revenue fell 2.5 percent to $925.1 million. Revenue in the first quarter was also down for Atlantic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8260","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8260"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8260\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}