Atlantic City Casinos Post Q1 Losses

21 May 2008

Atlantic City's 11 casinos posted a 17.7 percent loss in gross operating profits during the first quarter of 2008, according to the New Jersey Casino Control Commission.

Reported gross operating profits reached $243.8 million, compared to $296.2 million during the same period last year.

Total net revenues fell 4.8 percent during the period to $1.1 billion. Eight of the casinos recorded net income losses.