Atlantic City casinos report $310M profit over summer after most COVID restrictions end

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The nine casinos made twice as much in this year's third quarter as last year's, and 30 percent more than before the COVID-19 pandemic in 2019.

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Profits at Atlantic City's nine casinos more than doubled in the third quarter of this year after New Jersey lifted most of its COVID-19 restrictions in May, the Associated Press reported.

This year's third-quarter gross operating profit is over twice the amount in 2020, which was $151 million. However, because the casinos were still operating under COVID capacity restrictions, James Plousis, chair of the New Jersey Casino Control Commission, told AP that the results are not comparable.

"Through efficiencies, every operator posted a profit in the third quarter, a great accomplishment coming out of an extremely challenging period," Plousis said in a statement."Atlantic City's recovery is gaining momentum and is on track for an impressive year." "So far it seems operators have been able to successfully balance the currently reduced labor supply with growing consumer demand for resort amenities including lodging," she said."That does raise the question of the potential impact on future employment in the casinos, and if some currently unfilled jobs might ultimately be eliminated."

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