After being shut for 108 days to July 2 owing to the coronavirus pandemic and the nine casinos in Atlantic City have now reportedly posted an aggregated third-quarter gross operating profit that is down by some 37.2% year-on-year to $150.5 million.
According to a Monday report from The Press of Atlantic City newspaper, the gambling-friendly facilities were ordered to shut their doors from March 16 and subsequently saw their combined second-quarter operating losses climb to beyond $112 million. The source detailed that these venues were moreover ravaged as re-opening brought 25% capacity restrictions as well as further constraints surrounding indoor dining and the hosting of concerts, trade shows and conventions.
Prominent position:
Jane Bokunewicz, Institute Coordinator for Stockton University’s Levenson Institute for Gaming, Hospitality and Tourism, reportedly told the newspaper that the third-quarter figure from the New Jersey Division of Gaming Enforcement confirmed ‘what many have already suspected’ in that the almost four-month shutdown has taken a serious toll on the land-based casino industry in New Jersey.
Bokunewicz reportedly told The Press of Atlantic City…
“The current public health crisis has both suppressed consumer demand for bricks and mortar casino gaming and related amenities and increased the costs of operating these services. This is a devastating equation for casino operators and their employees as evidenced by the 37% drop in gross operating profit for the quarter.”
Unforeseen expenses:
The newspaper reported that Atlantic City’s casinos have 
now recorded an aggregated gross operating profit of just over $68 million for the first nine months of 2020, which equates to a fall of almost 86% year-on-year. To make matters worse and the nine-month tallies for Hard Rock Hotel and Casino Atlantic City, Borgata Hotel Casino and Spa, Bally’s Atlantic City and Resorts Casino Hotel purportedly all stand in the red as many of these forked out large amounts of cash for extended employee medical benefits, systems to improve air quality and personal protective equipment for guests and workers.
Bonus benefits:
James Plousis serves as Chairman for the New Jersey Casino Control Commission and he reportedly told The Press of Atlantic City that these additions are however paying dividends as only 251 of the city’s casino workers have been diagnosed with coronavirus since their workplaces re-opened in July.
Reportedly read a statement from Plousis…
“Re-opening with prudent restrictions on capacity, limited amenities and entertainment hindered earnings but allowed for responsible management of the casino hotels, minimizing risk and building a foundation for a successful recovery.”
Play games casino online games refers to participating in casino-style games through an online platform. In essence, it combines the excitement of traditional casino games, like slots, blackjack, poker, and roulette, with the convenience of playing them online.
When you play games casino online, you can enjoy:
-
Variety of Games: Many online casinos offer a huge range of games, from popular slots to live dealer games, replicating the casino experience at home or on mobile.
-
Accessibility: Online casinos allow you to play anytime and anywhere, making it easy to enjoy your favorite games without traveling to a physical location.
-
Bonuses and Promotions: Online casinos often offer promotions, welcome bonuses, and rewards, enhancing your experience and providing extra funds to play with.
-
Real Money or Free Play: Most platforms offer options to play for real money or for fun, giving players the flexibility to test games before committing financially.
Online casino games bring the thrills and potential rewards of a real casino experience to your screen, with the added security, convenience, and bonuses that online platforms provide.
