Casino Profits Down 45 Percent in Atlantic City

Thursday August 22,2013 : BAD SECOND QUARTER NEWS FROM ATLANTIC CITY
 
Land casino earnings decline by 45 percent
 
The second quarter of 2013 was not a good one for Atlantic City's 12 land casinos, which reported a collective earnings decline of 45 percent, state regulators revealed Thursday.
 
The New Jersey Division of Gaming Enforcement said the casinos made just over $65 million in profits during the second quarter, down from nearly $118 million in the same period last year.
 
Four of the 12 casinos posted operating losses in April, May and June.
 
The publication New Jersey.com reports that for H1-2013, the casinos' collective earnings are down by more than 54 percent, to $106 million, compared with $232 million in the same period a year ago.