2019 Atlantic City Casino Profits Shrink. Occupancy Rate and Employment Slips Too.

atlantic city casino

Atlantic City’s casino profits shrink again. Hotel occupancy rates slipped too, during the first half of 2019.

New Jersey Division of Gaming Enforcement released Q2 results for Atlantic City’s nine casinos.
Net revenue was up 18.2% in Q2 ….. but gross operating profit was down 6.8%.

Q2 Revenue Winners

  • The Borgata $202m
  • Hard Rock $103.7m
  • Harrah’s $96.4m

Q2 Profit Losers

  • Caesars down 33.7%
  • Golden Nugget down 28.8%
  • Harrah’s down 27%

All nine Atlantic City casinos reported profit declines in Q2

Since Jan 2019, average AC hotel occupancy is down 4.3 to 77%.

Ocean Casino selling most rooms. 91% of available inventory. Golden Nugget sold just 70.5% of their available hotel rooms.

Casinos reduced workforce totals by 4%. Part-time positions have been expanded. Atlantic City employment numbers down 3% for Summer 2019.

Borgata employed the largest casino job force in Atlantic City. 5,843 during August 2019.

2 thoughts on “2019 Atlantic City Casino Profits Shrink. Occupancy Rate and Employment Slips Too.”

  1. I can understand occupancy being down as during the summer months everytime I call for a room they told me they’re sold out then when I finally get there the place is empty!

  2. Well maybe if they had some flights coming into that empty airport from the Northeast like they use to have on Spirit, things would improve. Every single flight was sold out every week on those flights from Boston. Now Jet Blue has 4 flights a day from Boston into Philly.
    There is a need to expand that airport.

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