Casino profit is new evidence of stabilization quoting : "CourierPostOnline"

Caesars saw an $80 million profit, down 3.7 percent; Tropicana's profit was $53.7 percent, up 15.7 percent; Bally's had a $38.9 million profit, down 2.5 percent; Golden Nugget has a $28.9 million profit, up 28.1 percent; and Resorts had an $18.7 million profit, up 20.1 percent. Among internet -only entities, Caesars Interactive-NJ posted a $9.7 million operating profit, up 143 percent from a year earlier. Gross operating profit reflects earnings before interest, taxes and other charges, and is a widely accepted measure of profitability in the casino industry. The eight casinos that began the year earned an operating profit of more than $587 million. The Borgata posted the largest operating profit at nearly $245 million, an increase of 13.3 percent from 2015.


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Casino profit is new evidence of stabilization
Caesars saw an $80 million profit, down 3.7 percent; Tropicana's profit was $53.7 percent, up 15.7 percent; Bally's had a $38.9 million profit, down 2.5 percent; Golden Nugget has a $28.9 million profit, up 28.1 percent; and Resorts had an $18.7 million profit, up 20.1 percent. CLOSE Skip in Skip x Embed x Share Have Atlantic City casino's lived up to their promise to save Atlantic City? Among internet -only entities, Caesars Interactive-NJ posted a $9.7 million operating profit, up 143 percent from a year earlier. A craps game is underway at the Golden Nugget casino in Atlantic City in June. Gross operating profit reflects earnings before interest, taxes and other charges, and is a widely accepted measure of profitability in the casino industry.


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