For the better part of the last two years, PlayNJ has been trying to bring balance to the faulty narrative that Atlantic City casinos are doing well financially. Here’s the truth: The Atlantic City casino market is not healthy.
The industry’s most recent quarterly profit reports reinforce this fact and confirm what PlayNJ has been saying since 2021. While it’s true that inflation plays a part in the less-than-favorable 2023 numbers, the casinos’ financial woes go back further and are much deeper.
It is time to explain what is actually happening. Again.
Understandably, it is counterintuitive for most people to grasp the concept that corporations reporting millions of dollars in annual profits are struggling.
