the staff of the Ridgewood blog
Atlantic City NJ, today the New Jersey Division of Gaming Enforcement announced the 4th Quarter 2021 total gaming revenue results.
Casino Licensees Financial Results:
Based upon filings made with the Division of Gaming Enforcement, the casino licensees Net Revenue increased by 42% to $764.1 million and Gross Operating Profit increased by 201.4% to $174.4 million for the 4th Quarter 2021. For calendar year 2021, Net Revenue was $3 billion and the Gross Operating Profit was $766.8 million, reflecting increases of 62.5% and 552.5%, respectively.
Hotel Occupancy:
The occupancy rate in the industry’s casino hotels for the three months ended December 2021 increased to 66.4% which is 20.1 percentage points higher than the comparable period last year and the occupancy rate for the twelve months ended December 2021 was 67.6%.
Click here for the DGE press release for additional information.
