Atlantic City's casinos were less profitable in 2023 than they were a year earlier, even with help from the state's booming online gambling market. Here's a…
The figures 'suggest it is getting more expensive for New Jersey’s casinos to operate, and patron spending may not be keeping pace,' said Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling market Atlantic City ’s casinos were less profitable in 2023 than they were a year earlier, even with help from the state’s booming online gambling market.
The figures “suggest it is getting more expensive for New Jersey’s casinos to operate, and patron spending may not be keeping pace,” said Jane Bokunewicz, director of the Lloyd Levenson Institute at“The same forces that might be tightening visitors’ purse strings — inflation, increased consumer prices — are also forcing operators to dig deeper into their pockets,” she said.
The casinos say that ending smoking will place them at a competitive disadvantage to casinos in neighboring states, costing revenue and jobs. Among internet-only entities, Caesars Interactive Entertainment NJ earned $23.6 million, down nearly 28%, and Resorts Digital earned $12.2 million, down 20.5%.
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