![]() ![]() ![]() Gross operating profit reflects earnings before interest, taxes, depreciation and other expenses, and is a widely accepted measure of profitability in the Atlantic City casino industry. “Atlantic City’s recovery is gaining momentum and is on track for an impressive year.” “Through efficiencies, every operator posted a profit in the third quarter, a great accomplishment coming out of an extremely challenging period,” he said in a statement. ![]() Instead, he compared them to the third quarter of 2019, before the pandemic hit, and found the casinos did nearly 30% better in the third quarter of this year. That is more than twice the $151 million profit they reported in the third quarter of 2020, when they were still operating under state-imposed capacity restrictions due to the coronavirus pandemic.įor that reason, James Plousis, chair of the New Jersey Casino Control Commission, said the results are not directly comparable. ![]()
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