New Jersey Casinos Q3 Revenue Suffers 13% Year-On-Year Decrease
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New Jersey casinos suffered a decrease of 13.4% in gross operating profit from $310.8 million in the third quarter of 2021 to $269.3 million. Net revenue increased by 1. 3% from the $968 million reported in Q32021 to the $980 million recorded inQ32022. Gross operating profits for the last three months of 2019 were $239. 4 million, 12.5% lower than for last quarter ending on September 30 this year.
New Jersey Casinos Q3 Revenue Suffers 13% Year-On-Year Decrease. Bally's AC was the best performer with gross operating profit growing from $2 million to $10.8 million. Borgata suffered a decrease in gross Operating Profit to $40 million year-on-year. Hard Rock was still the clear winner in terms of hotel occupancy with 97.9% occupied rooms at an average rate of $203. Golden Nugget was worst performer, with 66. 8% of its hotel rooms occupied.
