🍒 Coronavirus Closures Send Atlantic City Casino Profits Down 65% – CBS Philly

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Their casino gambling floors remain closed until further notice, but some Atlantic City establishments are still taking reservations for hotel rooms.


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Tour of Atlantic City and Boardwalk May 11, 2020 during Quarantine

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ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos saw their gross operating profits fall by more than 65% in the first quarter of this year.


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Atlantic City casinos close amid out-of-state competition

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ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos saw their gross operating profits fall by more than 65% in the first quarter of this year.


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Atlantic City Boardwalk and closed casinos

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If all four casinos close, Atlantic City faces a loss of about one-third of its casino-​related property tax revenue—around. $75 million. It's not just the local economy​.


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As casinos close, what's next for Atlantic City?

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If all four casinos close, Atlantic City faces a loss of about one-third of its casino-​related property tax revenue—around. $75 million. It's not just the local economy​.


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Deserted Atlantic City Casinos during Coronavirus Pandemic

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Scott Heath has worked in the city's casinos for 40 years. The casinos have been closed for nearly nine weeks – the longest closure in Atlantic.


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Coronavirus Outbreak Shutters Atlantic City’s 9 Casinos - NBC10 Philadelphia

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Their casino gambling floors remain closed until further notice, but some Atlantic City establishments are still taking reservations for hotel rooms.


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Phil Murphy ordered all casinos closed and all major events canceled, a near complete shutdown of the city's economy. Like in Las Vegas — in.


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Casinos closing for two weeks

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Their casino gambling floors remain closed until further notice, but some Atlantic City establishments are still taking reservations for hotel rooms.


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Casino closings and layoffs hit Atlantic City

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Scott Heath has worked in the city's casinos for 40 years. The casinos have been closed for nearly nine weeks – the longest closure in Atlantic.


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Atlantic city, N.J. casino shut down April 2020

The NCAA college basketball championship tournament was just about to get underway. The Associated Press. Two internet-only entities saw their operating profits increase during the quarter. Gross operating profit reflects earnings before interest, taxes, depreciation and other expenses, and is a widely accepted measure of profitability in the Atlantic City gambling industry. But it, like virtually all major sporting events, was canceled due to the virus outbreak. But that period included what might have been a prosperous period for the casinos, particularly their sports betting operations. Hotel occupancy was Connect with the definitive source for global and local news. All rights reserved.{/INSERTKEYS}{/PARAGRAPH} Three casinos swung from a first quarter profit last year to a first quarter loss this year. Casinos have continued to take in money through internet gambling, and, on a much smaller scale, sports betting, with obscure events like Belarussian soccer or Russian pingpong providing betting options. {PARAGRAPH}{INSERTKEYS}The statistics cover only the first two weeks of casino closures due to the coronavirus outbreak; second-quarter earnings are sure to be worse because the casinos have been shut all of April and, so far, May, with no reopening date scheduled. Phil Murphy ordered the casinos closed on March 16, affecting the last two weeks of the quarterly earnings reporting period.