11 of Atlantic City’s Casinos See Increase in Profits in Third Quarter

11 of Atlantic City’s Casinos See Increase in Profits in Third Quarter

Revel’s profits, however, were down 18 percent from the third quarter last year.

“Since opening, we have had over 3.5 million visitors, our leisure business has been very solid, and our group business is on target,” said chief executive officer of Revel Kevin DeSanctis in a statement.  “While it always takes time, post-opening, to achieve the results we know we are capable of, we are making progress.”

Revel recently announced it was in talks with its investors in an attempt to get more capital, which casino officials say they will likely receive within 45 days.

Quarterly gross operating profits, unlike monthly gambling revenue reports, include money made from restaurants, hotels and other non-gambling features.

American Casino Guide