Six of 11 casinos in Atlantic City had gross operating losses in the first quarter, the New Jersey Division of Gaming Enforcement reported.
Four of the five casinos with operating gains in the quarter ended March 31 reported declines from last year. In aggregate, gross operating profits for those four casinos - Borgata, Caesars, Harrah's, and Showboat - fell 35 percent, to $50.36 million from $77.83 million.
Tropicana was the exception. Its gross operating profit soared to $32.09 million this year from $1.98 million thanks to the way it accounted for a property-tax settlement.