Contact Us
Make My Homepage

Atlantic City Casino Earnings Fell 35 Percent in 2013

Atlantic City’s casinos saw their earnings decline by nearly 35 percent last year, despite a late boost from Internet gambling revenue.

Slot machines
Fernando Camino, Getty Images

The 12 casinos that operated in 2013 (the Atlantic Club shut down in January of 2014) posted a collective gross operating profit of $235 million, down from $360 million in 2012.

For the fourth quarter of 2013, the casinos reduced their gross operating losses by more than 73 percent, to a loss of 5.7 million in the last three months of the year. That was compared with a loss of $21.6 million in the same period of 2012, when New Jersey was still reeling from the effects of Superstorm Sandy.

Gross operating profit includes earnings before interest, taxes, depreciation and other charges.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a member? Sign up here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.