A slowdown brought on by the rapid proliferation of casino gambling in the northeastern United States claimed its first victim in New Jersey on Monday when a federal bankruptcy judge approved the sale and shutdown of Atlantic Club Casino Hotel in Atlantic City.
Revenues at the Borgata Hotel Casino & Spa increased by nearly 7 percent in the third quarter of this year as Atlantic City's top casino continued to increase its grip on the market while preparing for the launch of online gambling.
We can expect year-over-year gambling revenue increases for Atlantic City in the final quarter of 2013, but that's only because the resort town was affected last year by the worst storm in New Jersey history.
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