\nHow well operators can keep up with this demand, given the labor supply, rising wages<\/strong>, and product costs, will determine if recent gross operating profit performance will persist,”<\/strong> she told the Associated Press<\/i>.<\/p>\n<\/blockquote>\nThe fruitful Q1 performance, Bokunewicz said, suggests that the casinos have managed to streamline their operations with fewer employees. Many of those job cuts have been with housekeeping, as Atlantic City casinos continued to attract fewer overnight guests.<\/p>\n
Casino hotel occupancy in Q1 2022 was 63% for the 15,109 guestrooms at the nine properties. The average nightly rate was $152.<\/p>\n
In Q1 2019, hotel occupancy for those same casino accommodations was almost 73%. However, the rooms went considerably cheaper, at an average rate of $126.<\/p>\n","protected":false},"excerpt":{"rendered":"
Eight of the nine Atlantic City casinos were profitable in the first quarter of 2022, the lone exception being Bally’s, which is amid a $100 million renovation. The New Jersey Division of Gaming Enforcement (DGE) on Monday released Q1 gross operating profit reports for each of the nine casinos. Combined, the nine properties reported profits […]<\/p>\n","protected":false},"author":25,"featured_media":214734,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81885,62],"tags":[],"acf":[],"yoast_head":"\n
Atlantic City Casinos Financially Strong, as Summer Season Approaches<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n