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Atlantic City casinos Q3 operating profits down 8.1 percent

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WAYNE PARRY | AP

ATLANTIC CITY, N.J. (AP) -- Atlantic City's casinos saw their gross operating profits decrease by 8.1 percent in the third quarter of this year, to $137.4 million.

Eight of the 12 casinos posted decreases for August and September. But only the Atlantic Club, which is in bankruptcy, and Revel, which may be headed back there, showed operating losses.

Revel had a $23.5 million operating loss, which still represented a 36 percent improvement over the third quarter of last year, when it lost $36.8 million.

The Atlantic Club saw a $1.7 million operating loss, but that was 27.5 percent better than the $2.3 million it lost in the third quarter a year ago.

For the first nine months of the year, the 12 casinos saw profits of $349 million, down 23 percent from a year ago.

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