|Atlantic City casino shutdown needed, analysts say|
|News - St Augustine Area & St Johns County|
ATLANTIC CITY, N.J. — Atlantic City started the year with 12 casinos. By Labor Day, it could be down to nine.
For years, economists and analysts talked in theoretical terms about “casino saturation” in the northeastern United States. But there’s nothing theoretical about what’s happening in Atlantic City now.
The Atlantic Club is dead, taken down by two rivals. Revel says it will close if a buyer can’t be found, and Caesars Entertainment, which says there are too many casinos in New Jersey, plans to shutter one of its four, the Showboat, on Aug. 31.
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