With two new casinos set to open, Atlantic City's current gambling operators were unable to keep pace with last year’s first-quarter revenue growth during the first three months of 2018.
The city’s seven casinos
Bally’s Atlantic City had the biggest first-quarter dip with a 38.2% profit drop. Golden Nugget saw the biggest increase at 61.5%.
The first-quarter casino numbers were released a month before two new gambling venues open simultaneously on June 28: Hard Rock International at the former Trump Taj Mahal location and Ocean Resort Casino at the former Revel site. Five Atlantic City casinos closed from 2014 to 2016, but New Jersey lawmakers hope the city’s casino industry gets a boost from a plan
Atlantic City’s seven remaining casinos reported a collective 23.7% increase in their gross operating profit for 2017. Moody’s Investors Service analyst Douglas Goldmacher said in a late April report that last year’s casino success was a