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Gross operating profits at casino resorts were up over 20 percent through the first six months of 2017. A surprising statistic considering that combined sales from casino, rooms, food and beverage, entertainment, and third-party businesses increased just 0.3 percent during the same period.<\/p>\n<\/div>\n
The main culprit is less revenue from hotel stays, down about $10 million in 2017 compared to a year ago.<\/p>\n
There’s plenty of optimism in the area. Hard Rock is spending over $500 million to transform for the former Taj Mahal into a rock ‘n’ roll-themed resort. MGM and Caesars have both hinted at forthcoming investment renovations, and Icahn is expanding the Tropicana’s overnight occupancy space by acquiring a nearby boutique hotel.<\/p>\n","protected":false},"excerpt":{"rendered":"
Atlantic City casinos saw their revenues jump in August to $244.8 million, a 5.5 percent premium on the same month last year. The seven remaining floors ended a solid summer, and are now two percent ahead of 2016’s total take through eight months of the year. June, July, and August is a critical period for […]<\/p>\n","protected":false},"author":42,"featured_media":58579,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Remaining Atlantic City Casinos See Revenues Increase in August<\/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