Atlantic City casino revenue cut by half over 9 years

ATLANTIC CITY, N.J. (AP) — Atlantic City has lost more than half of its casino revenue during the past nine years.

Figures released Wednesday by the state’s Gaming Enforcement Division show the city’s eight casinos took in $2.56 billion in 2015.

That’s a decline of 6.5 percent from 2014.

The numbers came hours after New Jersey lawmakers introduced a bill that has long been the worst nightmare of the Atlantic City casino industry — a referendum to expand casino gambling to the northern part of the state.

The bill would ask voters in November whether to approve two new casinos.

Moody’s Investors Service immediately cautioned that any more casinos in New Jersey would likely cause more Atlantic City casinos to close.

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