- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Atlantic City See 80% of 2020 Full-Year Profits Disappear

With casinos spending almost four months on shutdown in 2020, many have lost over 80% of their profits, while the Ocean Casino Resort notched up a small profit.
Casinos in AC Post Worst Year in History
Following a strong January, Atlantic City saw a steady downturn in profit with the numbers for 2020 crashing by 80% based on data made available by the New Jersey Division of Gaming Enforcement (NJDGE). And if this seems like a rather grim picture for casino operators in 2020, the nine AC casinos still managed to rebound with a small profit last year, beating all odds and keeping their heads above water.
The DGE said that casinos managed to generate $117.5 million in gross profits last year, which was down $594 million from a year before. The pandemic forced casinos to shut down for almost four months and when properties were finally allowed to return, they had to face the lack of tourists and capacity limitations.
New Jersey Casino Control Commission chair James Plousis said that casinos went through their most challenging year in history and that earnings were further impacted in July because of travel restrictions, scaled-down amenities, and canceled entertainment events.
“Yet, through responsible management, the casinos proved that in-person gaming could happen safely. As tourists return to the shore, they can have every confidence Atlantic City is safe for the summer,” Plousis added cited by the Associated Press.
Looking at the numbers up close, The Ocean Casino Resort managed to pull ahead of the rest, generating $21.8 million in total profit, and surprisingly up $6.7 million from 2019. This comes at the same time that the Ilitch family is purchasing half of the Ocean casino.
Not surprising, Ocean is the only casino in Atlantic City to increase its profit year-over-year during the pandemic. Ocean CEO Terry Glebocki spared her team no praise, commending their hard work and determination that resulted in growth when all other competitors suffered from the pandemic.
Optimism Returns to Atlantic City
Glebocki is naturally optimistic. “As restrictions ease and we reopen additional areas of our business, I’m optimistic we’ll continue to see gaming growth throughout 2021,” she said. Other properties’ results varied. The Tropicana saw $18.7 million in yearly profit, or 78% down from 2019 and Hard Rock earned some $10.9 million or 72% down.
In percentage value, Borgata was the one worst affected as the property saw its profit drop 99.7% from 2019, earning only $650,000 in 2020. Harrah’s managed to fetch $8.5 million or a 90% downturn. Meanwhile, the Golden Nugget amassed $7.2 million, down 74%.
Not least, there was Caesars which saw profit fall by 84% to $10.4 million. On the flipside, Resorts Digital, which only operates online gambling facilities, has managed to score $21 million or up by $8.5 million from 2019, proving the link between shutdowns and increased gambling activity online.
Related Topics:
Stoyan holds over 9 years of esports and gambling writing experience under his belt and is specifically knowledgeable about developments within the online scene. He is a great asset to the Gambling News team with his niche expertise and continual focus on providing our readers with articles that have a unique spin which differentiates us from the rest.
Must Read
Casino
September 11, 2025
Seminole Gaming Tells Florida Residents to Be Wary of Illegal Gambling
Casino
September 11, 2025
Cruise Passenger Jumps Off the Ship to Allegedly Escape $16,000 Debt
Casino
September 11, 2025
Thailand’s New Prime Minister Appears Gung-ho on Casino Resorts
More Articles
Sports
September 17, 2025
Missouri Is Bracing for Sports Gambling – And Addiction
Casino
September 17, 2025
Denmark Takes Harder Look at Gambling Regulation as 500K People Need Help
Lottery
September 17, 2025
California State Lottery Produces Four New Millionaires This Month
Casino
September 17, 2025
Melco Plans Private Hospital at Macau’s Studio City
Casino
September 17, 2025
New Jersey Takes Steps Toward Tougher Responsible Gambling Rules
Casino
September 17, 2025
Las Vegas Starts Big Sales Push to Fight Tourism Slump
Lottery
September 17, 2025
$600K Monopoly Winner in NC Gets “Best Birthday Present Ever”
Casino
September 17, 2025
SGLA and SPGA Merge to Create “Clear and Consistent Voice”
Lottery
September 16, 2025
Lucky Ohio Player Wins $2M Royal Riches Prize