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StumbleCasinos posted slight ‘99 gain
Tuesday, April 11, 2000 | 11:11 a.m.
ATLANTIC CITY -- New Jersey's casinos posted a sluggish 2.4 percent increase in gross operating profits last year, according to year-end statistics released by the state Casino Control Commission.
The 12 casinos won nearly $4.5 billion from gamblers at the slot machines, craps tables and roulette wheels, but they registered a net loss of $126 million after deducting nonoperating charges.
Occupancy rates for the year, meanwhile, averaged 91.3 percent, up 2.3 percentage points from 1998, the commission said last week.
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