Atlantic City 1st quarter casino earnings more than triple

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ATLANTIC CITY, N.J. (AP) — The Atlantic City casinos’ gross operating profit soared in the first quarter of this year to more than $95 million, more than three times the amount they earned in the first quarter of 2020, when the COVID-19 shutdown wiped out half of March. Figures released Monday by the New Jersey Division of Gaming Enforcement show eight of the nine casinos posted increases in their gross operating profit, with only Bally’s posting an operating loss. Gross operating profit includes earnings before interest, taxes, depreciation and other charges, and is a widely-accepted measure of profitability in the Atlantic City gambling industry.

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