Atlantic City casino profits up 21% in H1

Slowly but surely, the Atlantic City casino industry is stepping out of the shadow of economic recession.

Collective operating profit of Atlantic City’s casinos surged by 21 percent in the first half of 2016, the highest since 2010, according to Fox Business.

From January to June 2016, the eight remaining Atlantic City casinos posted a combined $259 million, compared to $213 million in 2015. But total revenues for the same period barely improved, from $1.66 billion in the first half of 2015 to $1.68 billion in the same period in 2016.

Borgata Hotel Casino & Spa led six of the eight Atlantic City casinos in terms of profits with $106 million in the second quarter, up by 27 percent compared to the same period last year. Borgata was followed by Resorts Casino Hotel, which saw a 26 percent uptick in its profits to $5.7 million compared last year, and Tropicana Casino Resort which saw a 25 percent increase in 2016 profits to $17 million.