Most Atlantic City casinos reported ugly financials for 2024. Only 2 of 9 casinos saw higher profits.
New Jersey Division of Gaming Enforcement released 2024 financial performance of Atlantic City casinos, focusing on net revenue, gross operating profit and hotel occupancy.
- Caesars up 10.7%
- Hard Rock up 7.9%
- Borgata down 7.7%
- Golden Nugget down 39.5%
- Bally’s down 77%.
- Harrah’s down 20.4%
- Ocean Casino Resort down 13.6%
- Resorts down 43.8%
- Tropicana down 11.5%.
1. Casino Net Revenue:
Full Year 2024: Total net revenue $3.31 billion, a 0.5% decrease compared to 2023.
2. Casino Gross Operating Profit:
Full Year 2024: Total Gross Operating Profit for 2024 was $709.1 million, representing 9.2% decrease from 2023.
3. Casino Hotel Occupancy:
Full Year 2024: Average occupancy rate was 72.0%, a 1.0 percentage point decrease from 2023.
