💰 Coronavirus closures send Atlantic City casino profits down 65%

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Tropicana Atlantic City has laid off 2, employees as the state-mandated closures of New Jersey casinos stretch into their second month.


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Phil Murphy ordered the closure of the Atlantic City's nine casinos, as New Jersey continues to grapple with how best to minimize the spread of.


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At this time, there is no cancellation fee on future reservations. Restaurants & bars continue to be temporarily closed. resorts-north beach atlantic city casino.


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Phil Murphy ordered all casinos closed and all major events canceled, a near complete shutdown of the city's economy. Like in Las Vegas — in.


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The statistics cover only the first two weeks of casino closures due to the coronavirus outbreak; second-quarter earnings are sure to be worse.


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ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos saw their gross operating profits fall by more than 65% in the first quarter of this year.


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Phil Murphy ordered the closure of the Atlantic City's nine casinos, as New Jersey continues to grapple with how best to minimize the spread of.


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ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos saw their gross operating profits fall by more than 65% in the first quarter of this year.


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At this time, there is no cancellation fee on future reservations. Restaurants & bars continue to be temporarily closed. resorts-north beach atlantic city casino.


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It's never a good time for a global pandemic to force doors closed on your business. But for long-struggling Atlantic City, which on Monday.


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Contact reporter Dino Flammia at dino. Employees of the nine shuttered casinos are getting paid for at least two weeks, according to information shared with New Jersey Between early and late , five casinos in the city dealt their last hands, resulting in the elimination of 11, jobs. Share on Facebook Share on Twitter. Phil Murphy on March 16 announced the closure of the state's casinos, gyms and movie theaters in an effort to limit the spread of novel coronavirus. Sign In. How long is too long for AC casinos to remain closed?

It's never a good time for a global pandemic to force doors closed on your business. But for long-struggling Atlantic City, which on Monday reaches Day 7 of a state-mandated shutdown, the timing will likely cut short an impressive comeback on the casino-revenue front.

According to industry experts, whether this dormancy period means life or death for certain ac casino closures halls depends on how long doors must stay closed. A five-year state takeover of the cash-strapped city is set to run out in Februarymeanwhile, was the most successful Ac casino closures for Atlantic City casinos in nearly a ac casino closures.

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Online gambling providers have already seen a significant spike in volume and revenue in the days since the brick-and-mortar closures. New Jersey gamblers can still satisfy their itch with internet casinos. The Garden State is one of just a few states offering casino games for real money online.