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ATLANTIC CITY CASINOS — ESPECIALLY OCEAN — REBOUND IN Q3 BY NJONLINEGAMBLING'S JOHN BRENNAN

NJ Online Gambling

With widespread news of a number of COVID-19 vaccines pending release in the next 30 to 90 days, and with Atlantic City casinos still open — albeit at reduced capacity — there now is legitimate hope that the second quarter of 2020 will stand uncontested as the industry’s nadir.

The New Jersey Division of Gaming Enforcement on Monday released third quarter figures showing gross operating profits for Atlantic City casinos of $150.5 million.

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That represents a decrease of 37.2% compared to the same quarter in 2019, but the reopening of the casinos on July 4 weekend allowed for a big bump up from the gross operating loss of $112 million in that pandemic-created dormant second quarter of 2020.

All but one casino experienced a decline in profits in the third quarter compared to the same period in 2019.

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