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.
NJ casino revenue tanks 80% in 2020 from pandemic
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Atlantic City casino profits dropped 80% in 2020 due to COVID
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