![]() Since 2014, five properties in the shore resort closed, including the Taj Mahal and Revel-the former a response by owner Carl Icahn to a strike by Local 54, the latter because it aimed in the wrong direction. ![]() In 2012, gaming fortunes were on the way down, not up, thanks to the arrival of casinos in Pennsylvania and the downturn of the economy several years earlier. “Our offers have been a major driver of our increased business levels and profitability,” she said.Īs for Atlantic City itself the industry surpassed $3 billion in overall gaming revenue for the first time since 2012. Terry Glebocki, CEO of Ocean Casino Resort, credits new marketing efforts, among other steps. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University. “That the property is succeeding both in monthly year-over-year revenues and third quarter gross operating profit growth ($10.2 million Q3 2019 compared to $581 thousand Q3 2018) is evidence that Ocean is finding its stride,” said Rummy Pandit, executive director of the Lloyd D. If Ocean Casino Resorts were a Broadway play, it would have received a boffo review for November, with a 66.2 percent increase in casino revenue compared to November 2018, and a 48.2 percent increase in overall revenue, including sports betting and online gaming.
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