North Jersey – Atlantic City’s 12 casinos saw their collective earnings fall by nearly 45 percent in the second quarter of 2013, state regulators said Thursday.
According to figures released by the state Division of Gaming Enforcement, the casinos made just over $65 million in profits during the second quarter, down from nearly $118 million in the same period last year.
The biggest gain was posted by the Tropicana Casino and Resort, whose quarterly profits were up nearly 28 percent to $12.6 million. Caesars Atlantic City had a quarterly profit of $24.2 million, up 17.4 percent from last year’s second-quarter profit of $20.6 million.
Four of the 12 casinos posted operating losses in April, May and June.
The Golden Nugget Atlantic City saw a gross operating loss of $6.5 million for the quarter, up from a $3.5 million loss in the same period last year.
Revel Casino Hotel, which emerged from bankruptcy court in May, saw its quarterly loss grow to $40.8 million, up from $35.1 million in the second quarter of 2012.
Resorts Casino Hotel posted a $1.3 million quarterly loss, compared to a $199,000 profit in the same period last year.
And the Atlantic Club Casino Hotel reduced its operating loss by more than half, to $2.3 million from $5.2 million in the same period last year.
