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Atlantic City casino profits fall 19 percent

19 August 2009

ATLANTIC CITY, New Jersey -- As reported by The Press of Atlantic City: "Casino profits took a dive in the second quarter of 2009, as the resort's gaming halls earned 19.8 percent less than the prior year, according to figures released today by the state Casino Control Commission.

"Gross operating profits totaled $198.4 million for April to June, down from $247.3 million collected in the same three-month period in 2008.

"Borgata Hotel Casino & Spa, the last gaming hall to open in Atlantic City, was the only casino to report an increase in profits in the second quarter: It earned $49.8 million, up 7.8 percent.

"...The Casino Control Commission reported that the resort's 11 casinos posted a net loss of $591.6 million in the second quarter..."

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