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Atlantic City casinos' Q1 2024 profits declined 9.6% to $140.4M, with only 2 of 9 casinos seeing increased profitability.
Atlantic City's casinos experienced a 9.6% decline in profits during Q1 2024, with only 2 of the 9 casinos seeing increased profitability compared to the previous year.
Collective gross operating profit dropped to $140.4M, down from $156.8M in Q1 2023.
Factors contributing to the decline include increased business costs, inflation, and a potential shift in revenue focus towards operations with narrower profit margins.
11 months ago
6 Articles