AC Casino Operating Profits Down 13.2 Pct In Q3

Atlantic City's casinos saw their gross operating profits fall by more than 13 percent in the third quarter of this year, hurt by a three-day closure due to Hurricane Irene.

The 11 casinos collectively earned operating profits of $182.1 million. That's down from the $209.8 million they earned in the third quarter of 2010.

The casinos' net revenue for the quarter was $933.8 million, a 9 percent decline from the third quarter of last year.

The hurricane forced closure of the casinos in August during what is traditionally one of the busiest weekends of the year.

Resorts Casino Hotel fared worst with a gross operating loss of nearly $5 million for the quarter, a decline of nearly 70 percent from the same period last year.

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