rite aid by bally's casino atlantic city

Resorts had an operating loss of $10.5 million, compared to a profit of $17.6 million in 2019. It was the last Atlantic City casino to reopen last year, several weeks after the rest. Harrah’s earned $8.5 million, down more than 90% Golden Nugget earned $7.2 million, down nearly 74%, and the Borgata posted an operating profit of just $650,000 for the year, down 99.7% from 2019. Hard Rock earned $10.9 million, down nearly 72%, and Caesars earned $10.4 million, down more than 84%. The Tropicana earned $18.7 million, but that was down more than 78% from a year earlier. As restrictions ease and we reopen additional areas of our business, I’m optimistic we’ll continue to see gaming growth throughout 2021.” “Thanks to our team’s hard work and determination in the months before and after our temporary closure due to the global pandemic, Ocean had a successful year.

“Despite 2020’s extraordinary challenges, Ocean showed continued growth, emerging as an industry leader in gross gaming revenue,” Terry Glebocki, Ocean’s CEO, said in a statement. Ocean was the only Atlantic City casino to increase its profits during the pandemic year. Its owners announced this week that the Ilitch family of Detroit, which owns the Little Caesars pizza chain, pro baseball and hockey teams and a Detroit casino, is buying half of the Ocean casino. The Ocean Casino Resort posted the largest operating profit at $21.8 million, up from $6.7 million in 2019.

Rite aid by bally's casino atlantic city