Three years after the coronavirus pandemic erupted, Atlantic City's casinos are collectively struggling to get back to where they were before COVID-19 in terms of profitability.
Figures released Monday by the New Jersey Division of Gaming Enforcement show that the city's nine casinos collectively had a gross operating profit of $731.2 million in 2022. That was down 4.6% from the $766.8 million profit they made in 2021.
Mark Giannantonio, president of Resorts Casino and the Casino Association of New Jersey, said inflationary pressures took a toll on the casinos' finances last year. Bally's shrunk its operating loss dramatically last year, losing $1.8 million compared to $13.1 million a year earlier.
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