Based upon filings from the casino licensees made with the Division of Gaming Enforcement, the casino licensees reported second quarter net revenue of $837.2 million, or a 0.9% increase from $829.8 million from the same quarter last year.
Casino licensees reported second quarter gross operating profit of $184.3 million, a 3.3% increase from $178.4 million compared with the same period a year ago.
Of the 11 casino hotel licensees and other licensees in Atlantic City, only Ocean Casino and Borgata recorded gains in net revenue and gross operating profit. Ocean Casino had net revenue of $130 million, an increase of 14.5%, from $113.5 million, and gross operating profit leaped 67.9% to $26.8 million from $15.9 million.
Borgata had the highest net revenue and gross operating profit numbers of any licensee. The casino hotel had net revenue of $210.9 million, an increase of 7.9%, from $195.5 million. Its gross operating profit rose 16% to $63.1 million from $54.4 million.
James T. Plousis, chairman of the Division of Gaming Enforcement, said “Net revenue recorded its best second quarter in six years and gross operating profit was the highest second quarter in four years. Quarterly results from the spring season, coupled with July’s strong monthly figures released last week, reveal that Atlantic City has been competing well for regional gaming and leisure tourists.”
Jane Bokunewicz, faculty director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism, Stockton University School of Business, said the second-quarter results were a “continuation of trends from the first quarter. Although gross gaming revenues increased more than 18% in April-June 2025 compared to the same period in 2024, this growth translated to a less than 1% increase in quarter over quarter net revenue. Gross operating profit, an indicator of the industry’s overall performance, trended upward for the quarter, however, results for individual properties varied greatly.”
Bokunewicz added that, “In a mature market with a slowing growth rate, as is the case in Atlantic City brick-and mortar gaming, a common strategy is to increase spending on marketing to entice visitation. With Atlantic City casinos competing locally and regionally for the same customers, this could be a contributing factor in suppressing growth in net revenue and gross operating profits. The cost of doing business continues to go up at a time when the business dynamics of popular internet gaming and sports wagering products may mean that Atlantic City’s casino operators are keeping less of the gross gaming revenue than ever.”
