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All 8 Atlantic City Casinos Report Profit in 2015

Friday April 8,2016 : THINGS ARE LOOKING UP FOR REMAINING ATLANTIC CITY CASINOS
 
All eight land operators report return to profit in 2015.
 
The Press of Atlantic City reports that figures released Thursday by the New Jersey Division of Gaming Enforcement show that in 2015 all eight surviving Atlantic City land casinos returned operating profits.
 
Collectively, the eight casinos saw operating profit increase 40 percent last year, reporting $547 million in gross operating profit in 2015, up from $390 million in 2014.
 
“To me, that’s an indication that the market is stabilizing after several years of turmoil,” Casino Control Commission Chairman Matthew Levinson commented in a statement.
 
The Press of Atlantic City points out that gross operating profit is a key measure of casino performance that takes into account many of the short-term costs of casino operation - paying for supplies and employees, for example -  but excludes some larger expenses, such as taxes.
 
The eight survivors have benefitted from the closure of four casinos back in 2014.
 
Notable among the results was that from Resorts Casino Hotel, the smallest of the AC casinos, which reported a five-fold increase in gross operating profit to $15.6 million in 2015 compared with 2014.
 
The Borgata Casino Hotel & Spa also saw stellar improvements, realising $216 million in gross operating profits - a year-on-year rise of 36 percent.
 
The regulator reported that gambling revenue increased 3.1 percent overall to $2.5 billion in 2015 among the city’s eight extant operators.
 
However, the regulator cautioned against complacency, noting that "industry total" - numbers including the 2014 results from the four failed casinos - are less pleasing in comparative terms.
 
From that perspective casino revenue actually declined 6.5 percent in 2015, room revenue was down 14.1 percent, food and beverage sales dropped 9.1 percent, and entertainment and miscellaneous revenue slid 15.9 percent.



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NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

Huge Win at Bitstarz Casino - There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.

Beautiful Bones is the latest game release from Microgaming - Beautiful Bones is a five reel, 243 ways to win, visually superb slot. The Day of the Dead-inspired slot features vibrant and elaborately decorated reels, which truly bring this game to life.

NBA Odds: Can Warriors Keep up the Pace in Cleveland? - The Cleveland Cavaliers head back home down 0-2 in the 2017 NBA Finals after losing the first two games straight up and against the spread to the Golden State Warriors by wide margins. Game 3 is Wednesday at 9 PM ET on ABC.

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