The city’s nine casinos saw their operating profits decline by 9.3% in the second quarter of this year, evidence of what a Stockton University analyst called “a clear trend” of Atlantic City’s casinos becoming less profitable.
The New Jersey Division of Gaming Enforcement said the casinos posted a collective profit of $162.4 million in April, May and June.
When the online-only entity Caesars Interactive Entertainment New Jersey is included, the quarterly decline was 10.1%.
While all nine casinos were profitable in the second quarter, only two — Ocean Casino Resort and Caesars Atlantic City — saw their profits increase compared with the same period last year.
