Borgata Sees 7 Percent Increase in 3rd Quarter Revenues

Written by :

Associated Press

Published on :

31 October, 2013

ATLANTIC CITY — (Associated Press) - Revenue at Atlantic City’s top casino increased by nearly 7 percent in the third quarter of this year.

The Borgata reported net revenue of more than $200 million, an increase of 6.9 percent.

Its earnings were up nearly 40 percent to $46.6 million due to better luck at table games.

The casino also increased its share of the Atlantic City casino market by three percentage points, to 21.4 percent.

The Borgata received New Jersey’s first Internet gambling permit, and is expected to be among the first casinos to offer online betting once it begins in late November.

For the first nine months of this year, the Borgata reported net revenues of $538.6 million, essentially the same as it did in the first nine months of last year.

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