CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!

Gaming News

 

Atlantic City Casinos Posted Slight Gain in 1999

13 April 2000

ATLANTIC CITY -- New Jersey's casinos posted a sluggish 2.4 percent increase in gross operating profits last year, according to year-end statistics released by the state Casino Control Commission.

The 12 casinos won nearly $4.5 billion from gamblers at the slot machines, craps tables and roulette wheels, but they registered a net loss of $126 million after deducting nonoperating charges.

Occupancy rates for the year, meanwhile, averaged 91.3 percent, up 2.3 percentage points from 1998, the commission said last week.

< Gaming News