The New Jersey Division of Gaming Enforcement (DGE) revealed a net revenue of US$730.3m from the state’s licenced casinos for the quarter ending March 31, 2025.
The represents a year-on-year decrease of 5.1 per cent.
Gross operating profit for the quarter was $132m, also down against the previous year by 15.1 per cent.
The hotel occupancy rate in the casino hotels for the quarter was 62.9 per cent, a decrease of 1.9 percentage points year-on-year.
Bally's Atlantic City Hotel & Casino suffered the biggest decline of all the properties, with net revenue down 7.7 per cent to $41.7m and operating profit down 169.3 per cent to a loss of $6.6m.
Caesars Atlantic City, meanwhile, saw net revenue decline 15.9 per cent from $59.6m to $50.1m, and operating profit drop 66.5 per cent from $10.6m to $3.5m.
In fact, Hard Rock Hotel and Casino Atlantic City was the only property to record an increase in both metrics, as net revenue rose 1.2 per cent from $133.4m to $135m and operating profit climbed 2.9 per cent from $26.2m to $27m.
Tropicana’s operating profit increased 7.1 per cent to $13.4m, but net revenue dropped 3.2 per cent to $61.1m.
