Atlantic City casinos turn a profit — but the gains aren’t evenly shared

Wayne Parry

ATLANTIC CITY — The resort’s casinos were more profitable in the second quarter of this year, with gross operating profits up nearly 6% from a year earlier.

But as is often the case these days in the Atlantic City casino industry, much of the collective gains came from a handful of casinos that are outperforming the rest; six of the nine casinos saw their profits decline from what they were in the second quarter last year.

Collectively, the casinos reported a gross operating profit of nearly $180 million for the quarter.

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

Jane Bokunewicz, director of the Lloyd D. Levenson Institute of Gam