internships in casino in atlantic city nj

The Borgata’s profit was down over 50%, to $22.8 million Hard Rock’s profit was down 17.5%, to $22.2 million and Tropicana was down 15.3%, to $16.7 million. Resorts swung from a $527,000 profit in last year’s first quarter to a $284,000 loss this year.

The Ocean Casino Resort’s profit was up 27.6%, to $23.6 million Harrah’s saw its profit increase by more than 21%, to $19.2 million and Caesars’ profit was up over 7%, to $11.3 million. Its $88,000 operating profit was up from a $6.8 million loss a year earlier. Mark Giannantonio, president of Resorts casino and of the Casino Association of New Jersey, also attributed the lower earnings to inflation.īally’s swung from a big first quarter loss last year to a meager profit this year.

“These steps are emblematic of an industry that is preparing for growth and success.” “Compared to the first quarter last year, the casino hotels are employing more people and a progressive labor agreement was reached,” Plousis said. Gross operating profit reflects earnings before interest, taxes, depreciation, and other charges, and is a widely accepted measure of profitability in the Atlantic City casino industry. James Plousis, chairman of the New Jersey Casino Control Commission, said the casinos are dealing with higher costs this year, including significantly higher wages they agreed to pay workers including housekeepers, bartenders, beverage servers and porters under a landmark contract reached last summer. (AP) - Atlantic City’s nine casinos collectively saw their gross operating profit decline by nearly 15% in the first quarter of this year compared with the same period a year earlier.įigures released Monday by the New Jersey Division of Gaming Enforcement show the casinos collectively posted an operating profit of $135.4 million in the first three months of 2023, down from the more than $159 million in profits they saw in the first quarter of 2022.

Internships in casino in atlantic city nj