A.C. Casinos post $360 Million in operating profits - NBC40.net

A.C. Casinos post $360 Million in operating profits

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ATLANTIC CITY -

 

Atlantic City's Casinos saw their total profits fall by more than 27%  last year, even as revenue from non–gambling sources inched upward.

The city's casinos collectively posted 360 million dollars in gross operating profits in 2012.

Part of the drop in profits may be due to having to close for up to a week for Hurricane Sandy.

Eight of the 12 casinos posted yearly profits, led by Harrah's Resort Atlantic City.

Revel, which is in bankruptcy court, posted a $110 million operating loss from its April 2nd opening through the end of the year.

The casinos' revenue from non–gambling sources increased by just under 3%.

 

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