Profits plunged at Atlantic City’s casinos in 2024, down more than 9% from the previous year, figures released Monday show.
The New Jersey Division of Gaming Enforcement released figures showing the nine casinos posted a collective gross operating profit of $675.1 million, down 9.3% from 2023. And only two of the casinos — Caesars and Hard Rock — saw their operating profits increase last year.
Mark Giannantonio, president of the Casino Association of New Jersey and Resorts Casino Hotel, acknowledged the difficulties his industry is experiencing.
“Clearly the results are extremely disappointing, but not unexpected,” he said. “These are challenging times, but we believe, working collaboratively with state and local stakeholders, we could start to see a turnaround and transform Atlantic City once again into a leading beachfront resort destination.”
