Hard Rock earned nearly $107 million, up from nearly $11 million in 2020 Harrah's earned over $99 million, up from $8.5 million a year earlier the Ocean casino earned over $91 million last year, up from $21.8 million in 2020, and Caesars earned $62 million, up from $10.4 million a year earlier. The Tropicana earned $118.7 million, up from $18.7 million a year earlier. The Borgata had the largest operating profit at $174 million, up from $650,000 a year earlier. Only Bally's reported an operating loss for 2021 ($13 million), but that was half the size of their loss a year earlier. "You take Hard Rock and Ocean out and the other seven properties are flat since 2019," he said. Joe Lupo, president of the Hard Rock casino, said the increase in gross operating profit compared to 2019 is due almost totally to the performances of his casino and the Ocean Casino Resort. "This should help operators as they seek to make up significant reductions in (gross operating profit) from 2020 and finance the major capital improvement projects currently underway at properties throughout the city," she said. Get breaking news alerts in the free FOX5NY News app | Sign up for FOX 5 email newsletters Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City casino industry, said the improving profit margins are encouraging for the casinos.
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