ATLANTIC CITY, NJ—The Borgata Hotel Casino & Spa posted a $43.2-million operating profit during the second quarter of this year, far outpacing its rivals on the Boardwalk.

The Borgata's profit was the largest of all 11 operating Atlantic City casinos, according to figures released by the state Division of Gaming Enforcement. Collectively, the 11 casinos posted a gross operating profit of more than $83 million in the second quarter, an increase of 34.9% compared with the same period last year when New Jersey had not as yet legalized Internet gambling, according to the Associated Press.

The Borgata's $43.2 million operating profit was up more than 53% from last year's second quarter total of $28.1 million. In June the Borgata reached an $88-million tax settlement with Atlantic City.

Revel, which is closing over Labor Day weekend, had the biggest loss at $24.3 million, a 44% improvement over its second quarter performance last year when it lost $43.7 million. Revel is closing its hotel on Sept. 1 and its casino early in the morning on Sept. 2. See story in the Star Ledger.

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