Profits Fall 27 Percent at Atlantic City Casinos in 2012

Profits Fall 27 Percent at Atlantic City Casinos in 2012

Of the city’s 12 casinos, eight posted yearly profits with Harrah’s Resort Atlantic City having the highest at $127 million. The Borgata Hotel Casino And Spa had the second highest at almost $120 million, but this was a 26 percent drop from the previous year’s numbers.

Revel posted a $110 million operating loss for the year since its opening in April and has since filed for bankruptcy.

The only increase in revenue at the casinos was from non-gambling sources, which was up by almost 3 percent.

American Casino Guide