ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators say the coronavirus outbreak sent profits plunging at Atlantic City's casinos by more than 80% last year.
But despite those dismal numbers, seven of the nine casinos still managed to eke out a profit in 2020.
The state Division of Gaming Enforcement reported Friday that the nine casinos collectively posted $117.5 million in gross operating profits in 2020.
That was down from nearly $594 million a year earlier, before the pandemic forced casinos to close for 3 1/2 months, and limited their operations even after reopening.
Gross operating profit reflects earnings before interest, taxes, depreciation and other expenses.
Read more https://fortwaynesnbc.com/2021/04/09/virus-knocks-80-off-atlantic-city-casino-profits-in-2020/
| < Prev | Next > |
|---|
Copyright © 2024 ToCasino.net Online Casino. All Rights Reserved. Designed by