New Jersey Results Mixed
As reported by the Press of Atlantic City: ".With the unprecedented
government shutdown of the gaming industry still weeks away, gamblers packed
the casinos in the second quarter to push up gross operating profits by 8.5
percent to $355.9 million. "Net revenues rose nearly 5 percent to $1.27
billion, although net income was down 74.5 percent to $98.5 million,
according to figures released Thursday by the state Casino Control
Commission. ".All but three of the 12 casinos had higher gross operating
profits in the second quarter. Also known as cash flow, gross operating
profit is a closely watched measure of the industry's financial health and
is considered a better comparison between the casinos than net income."
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