{"id":8942,"date":"2025-04-09T03:11:07","date_gmt":"2025-04-09T03:11:07","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/04\/09\/atlantic-city-casinos-earned-675-million-in-2024-down-from-744-million-in-2023\/"},"modified":"2025-04-09T03:11:07","modified_gmt":"2025-04-09T03:11:07","slug":"atlantic-city-casinos-earned-675-million-in-2024-down-from-744-million-in-2023","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/04\/09\/atlantic-city-casinos-earned-675-million-in-2024-down-from-744-million-in-2023\/","title":{"rendered":"Atlantic City Casinos Earned $675 Million in 2024 Down from $744 Million in 2023"},"content":{"rendered":"<div>\n<p>Atlantic City casinos ended 2024 with shrinking profits as rising costs and softer demand took a toll on business. Combined gross operating profit across the city\u2019s nine casinos fell over 9 percent from the <strong><a href=\"https:\/\/igaming.org\/casino-news\/atlantic-city-casinos-show-4-1-profit-decline-in-2023-review\/\">previous year<\/a><\/strong>, according to data released by the New Jersey Division of Gaming Enforcement.<\/p>\n<p>The total dropped to $675.1 million, down from $744.7 million in 2023. Just two casinos\u2014Caesars and Hard Rock\u2014posted profit increases. Caesars grew 10.7 percent, while Hard Rock rose 7.9 percent.<\/p>\n<p>Bally\u2019s saw the biggest decline, with profits falling nearly 77 percent\u2014from $11.1 million to just $2.5 million. Resorts Casino Hotel also struggled, reporting a 43.8 percent drop to $5.3 million. Golden Nugget\u2019s profits dropped 39.5 percent to just over $18 million. Ocean Casino Resort fell 13.6 percent to $101.3 million. Borgata, the top earner in the market, saw a 7.7 percent drop to $208.5 million.<\/p>\n<p>Digital operators didn\u2019t escape the slowdown either. Caesars Interactive Entertainment NJ reported a 3.5 percent dip in profits, ending the year at $22.8 million. Resorts Digital made $11.1 million before giving up its license in September. Its results now appear under Resorts Casino Hotel, which complicates direct year-over-year comparisons.<\/p>\n<p>When adding digital gaming, total gross operating profit for the market reached $709.1 million in 2024\u2014a 9.2 percent drop from the prior year.<\/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\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.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\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/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>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 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Mark Giannantonio, president of the Casino Association of New Jersey and head of Resorts Casino Hotel, called the numbers disappointing but not surprising.<\/p>\n<p><em>\u201cThese are challenging times, but we believe, working collaboratively with state and local stakeholders, we could start to see a turnaround and transform Atlantic City once again into a leading beachfront resort destination,\u201d<\/em> he said.<\/p>\n<p>Stockton University\u2019s Jane Bokunewicz, who directs the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism, pointed to a slowdown in spending and more expensive operations.<\/p>\n<p><em>\u201cIncreases in expenses and drags on consumer demand (initially observed in the third quarter and following through into the fourth) likely resulted in the disproportionate decline,\u201d<\/em> she said. Bokunewicz also noted that as casinos compete for visitor spending, promotional costs and operating expenses have climbed.<\/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>Despite the overall drop in profits, all nine casinos still operated in the black last year. James Plousis, chair of the New Jersey Casino Control Commission, pointed out that the financial results reflect larger market conditions.<\/p>\n<p><em>\u201cEvery casino was profitable in 2024, but increased costs were not unexpected and are apparent when profits are compared to other recent years,\u201d<\/em> he said.<\/p>\n<p>Average hotel occupancy across Atlantic City was 72 percent in 2024. Nightly room prices ranged from $105.80 at Golden Nugget to $270.42 at Ocean.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/atlantic-city-casinos-earned-675-million-in-2024-down-from-744-million-in-2023\/\">Atlantic City Casinos Earned $675 Million in 2024 Down from $744 Million in 2023<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Atlantic City casinos ended 2024 with shrinking profits as rising costs and softer demand took a toll on business. Combined gross operating profit across the city\u2019s nine casinos fell over 9 percent from the previous year, according to data released by the New Jersey Division of Gaming Enforcement. The total dropped to $675.1 million, down [&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-8942","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\/8942","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=8942"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8942\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}