State: Atlantic City casino earnings fall 37% amid pandemic limits
Atlantic City’s casinos saw their collective profits fall by more than 37% in the third quarter of this year.
It was a period when they reopened with drastic capacity limits designed to slow the spread of the coronavirus. They also instituted costly measures like installing partitions and turning off some slot machines to enforce social distancing.
Figures released Monday showed each of the nine casinos still reported a gross operating profit. But for eight of them, that profit was less than it was in the third quarter of last year, when there was no virus pandemic. The casinos collectively earned $150.5 million during July, August and September.
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