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Online gambling revenue continues to drop for NJ casinos

Online gambling was supposed to provide a financial boost to New Jersey's ailing casinos, but revenue has fallen for the third month in a row and Fitch, a Wall Street credit rating firm, as cut its projection for internet gambling this year by almost half.

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Casino of a cruise. Slot machines.
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Would you like to see casinos open outside Atlantic City?

It looks like we could be losing another casino in Atlantic City. Trump Plaza could be closing its doors in September, joining The Showboat and possibly Revel.

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Slot machines
(Fernando Camino, Getty Images)
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Would you support casinos opening outside of Atlantic City? [Poll]

As Atlantic City closes more of its casinos, the idea of opening gaming centers in other parts of the state is being considered.

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Revel
Governor's Office, Tim Larsen
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Revel will shut without buyer

Atlantic City's Revel Casino Hotel is warning its staff it will shut down this summer if a buyer can't be found for the struggling casino.

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New Jersey Casinos
New Jersey casinos (Williams Thomas Cain, Getty Images)
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Poll: New Jerseyans Prefer Atlantic City Casinos [AUDIO]

Casinos in Atlantic City have seen a big dent in their profits as casinos in neighboring states like New York continue to pop up, but a Fairleigh Dickinson University PublicMind poll released Monday shows Garden State residents are loyal to Atlantic City.

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Internet Gambling
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Casino Lobby Drops Pro-Internet Gambling Advocacy

The casino industry's main lobbying group has quietly ended its efforts to legalize online gambling as its members stake starkly different positions on the matter.

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Deutsche Bank AG is finally free of The Cosmopolitan of Las Vegas resort and casino after selling the high-rise complex on the Strip to Blackstone Real Estate Partners VII for $1.7 billion.  (AP Photo/Cosmopolitan Las Vegas, File)
Deutsche Bank AG is finally free of The Cosmopolitan of Las Vegas resort and casino after selling the high-rise complex on the Strip to Blackstone Real Estate Partners VII for $1.7 billion. (AP Photo/Cosmopolitan Las Vegas, File)
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Deutsche Bank Sells Vegas Casino for $1.73 Billion

Deutsche Bank AG is cutting itself free of The Cosmopolitan of Las Vegas resort and casino, saying it's selling the swanky but unprofitable high-rise complex on the Strip to Blackstone Real Estate Partners VII for $1.73 billion.

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Online Gambling Sites
Bruno Vincent, Getty Images
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Online Gambling Revenue Declines in NJ

New Jersey's fledgling Internet gambling industry saw its first monthly decline in April, falling slightly to $11.4 million.

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Slot machines
Fernando Camino, Getty Images
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22 Upstate NY Casino Proposals Submitted

Contenders hoping to win the right to open a casino in upstate New York include hometown business owners as well as gambling giants like Caesars, Genting Group and Foxwoods.

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Atlantic City
Atlantic City, New Jersey. (SeanPavonePhoto, ThinkStock)
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AC Casinos Fined $107,500 for Numerous Violations

New Jersey has fined two Atlantic City casinos more than $107,000 for a series of violations including improper use of security guards, allowing people who had banned themselves from casinos to gamble, and other transgressions.

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