ATLANTIC CITY, N.J. (AP) — Atlantic City’s casinos saw their gross operating profits fall by more than 27 percent last year, even as revenue from non-gambling sources inched upward.

The city’s casinos collectively posted $360 million in gross operating profits in 2012. They were hurt by having to close for up to a week for Superstorm Sandy.

Eight of the 12 casinos posted yearly profits, led by Harrah’s Resort Atlantic City, with nearly $127 million. The Borgata was next at just under $120 million, but that figure represented a decline of more than 26 percent from last year.

Revel, which is in bankruptcy court, posted a $110 million operating loss from its April 2 opening through the end of the year.

The casinos’ revenue from non-gambling sources increased by just under 3 percent.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Content On CBSPhilly

More From CBS Philly

Latest Videos
Latest Forecast

Watch & Listen LIVE