Atlantic City Casinos Report Less Profit This Year

Courtesy photo.

Based upon filings from the casino licensees made with the Division of Gaming Enforcement, the casino licensees reported 4th quarter 2023 Net Revenue of $781.9 million, reflecting a 1.3% increase over the same quarter last year. Casino licensees reported 4th quarter 2023 Gross Operating Profit of $148.5 million, a 3.6% decrease compared to 4th quarter 2022.

For the calendar year 2023, Net Revenue reached $3.33 billion, increasing 0.8% from the comparable period last year. For the calendar year 2023, casino licensees reported Gross Operating Profit of $780.7 million, a 4.1% decrease compared to the same period last year.

Hotel Occupancy:

The hotel occupancy rate in the industry’s casino hotels for the quarter ended December 31, 2023, was 66.5% which is a 0.7% increase compared to the 4th quarter of 2022. The occupancy rate for the twelve months ended December 2023, was 73.0%, a 0.4% decrease from the comparable period last year.

Click here for the DGE press release for additional information.