ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos saw their profit fall by more than 27 percent last year, even as revenue from non-gambling sources inched upward.
The city's casinos collectively posted $360 million in gross operating profits in 2012. They were hurt by having to close for up to a week for Superstorm Sandy.
Eight of the 12 casinos posted yearly profits, led by Harrah's Resort Atlantic City, with nearly $127 million, a nearly 13 percent increase from a year earlier. The Borgata Hotel Casino & Spa was next at just under $120 million, but that figure represented a decline of more than 26 percent from 2011.
Caesars Atlantic City saw a profit of $82.8 million, down more than 5 percent from 2011; Bally's Atlantic City saw a profit of $61.2 million, up more than 25 percent, and the Showboat Casino Hotel had a profit of $47.1 million, down 2.6 percent.
The Trump Taj Mahal Casino Resort saw a profit of just under $44 million, down more than 20 percent from 2011; the Tropicana Casino and Resort saw a profit of just under $18 million, up 2 percent, and Trump Plaza, which was recently sold to a California company, saw a profit of just under $10 million, an increase from their 2011 year-end profit of $2.6 million.
