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Things are getting rougher for Atlantic City casinos: Q1 earnings fell 22.6%, only one casino grew profit

Saturday, May 23, 2026 4:51 PM
Photo: Shutterstock
  • Wayne Parry, The Press of Atlantic City

The city’s casinos saw their collective gross operating profits decline by 22.6% in the first quarter of this year, and only one of the nine casinos saw its profits increase.

Figures released Friday by the New Jersey Division of Gaming Enforcement show the casinos posted a collective gross operating profit of $102.8 million over the first three months of 2026.

James Plousis, chairman of the New Jersey Casino Control Commission, said the casinos “encountered their highest first-quarter costs and expenses in nine years, significantly constraining reported gross operating profits.”

Gross operating profit reflects earnings before interest, taxes, depreciation and other costs, and is a widely accepted measure of profitability in the Atlantic City gambling industry.