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Page 31 - கடல் கேசினோ உல்லாசப்போக்கிடம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ocean Casino Resort Atlantic City s Top Operating Performer in 2020

Ocean Casino Resort fared better than the eight other casinos in Atlantic City during the pandemic-stricken 2020 year. Ocean Casino Resort is seen from the Atlantic City Boardwalk. The property led the way last year in terms of operating profits among the town’s nine casinos. (Image: Twitter) Financial statistics released by the New Jersey Division of Gaming Enforcement (DGE) reveal that Ocean managed to turn in a nearly $21.9 million gross operating profit for 2020. That’s up $6.7 million on 2019 for the Boardwalk casino’s bottom line. Gross operating profit reflects earnings before interest, taxes, depreciation, amortization, and other miscellaneous items on a casino’s income statement. It is a widely-accepted measure of profitability in the Atlantic City gaming industry.

Atlantic City casino profits down 80% in 2020 due to COVID-19

Wayne Parry Associated Press ATLANTIC CITY, N.J. The coronavirus outbreak sent profits plunging at Atlantic City’s casinos by more than 80% last year, according to figures released Friday by New Jersey gambling regulators. But despite those dismal numbers, seven of the nine casinos still managed to eke out a profit, no matter how small, in 2020. The state Division of Gaming Enforcement reported the nine casinos collectively posted $117.5 million in gross operating profits in 2020. That was down from nearly $594 million a year earlier, before the pandemic forced casinos to close for 3 1/2 months, and limited their operations even after reopening. Gross operating profit reflects earnings before interest, taxes, depreciation and other expenses, and is a widely accepted measure of profitability in the Atlantic City casino industry.

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