Atlantic City casinos dramatically improved their profitability last year following the closure of four AC gaming venues in 2014.
According to figures released on Thursday by the New Jersey Division of Gaming Enforcement, AC’s eight surviving casino operators saw their revenue rise 2.3% to $3.7b in 2015, while gross operating profit – which doesn’t take into account taxes and some other large expenses – surged a hefty 40.3% to $547.4m.
Combined gaming revenue was up 3.1% to just under $2.5b, while room and food & beverage revenue each nudged up 0.8% to $406m and $441m, respectively. Entertainment & Other revenue was the lone decliner, falling 1.2% to $151m.
All eight surviving casinos posted individual operating profits in 2015, although the struggling Trump Taj Mahal only just cleared that hurdle with a net take of $3.1m. Still, that’s better than the $1.1m loss in 2014, so onward and upward.