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Casino Gambling Revenue in Atlantic City Continues Falling
ATLANTIC CITY, NEW JERSEY --
Revenue from the eleven casinos in Atlantic City dropped almost twenty percent in February from the same month a year ago. Figures released by the New Jersey Casino Control Commission show the sharpest drop for the city's gambling operators since gaming was legalized.
Existing gambling venues find themselves defeated in the effort to draw clientele from neighboring states, as local gambling laws have evolved to allow slot parlors and racinos to pop up all over the region. New resorts slated to reimagine Atlantic City as an exotic gambling destination have been stalled or cancelled in the planning stage as financing has disappeared.
Smoking laws which would further devastate the casinos' income have been postponed, but still the number of patrons keeps dropping.
Locals hope a movement to legalize sports gambling may alter fortunes, but a federal law stands in the way. Lawsuits are planned to contest the law as unconstitutional, but valuable time will be lost fighting the legal battle.
Meanwhile, casino workers and their families brace for another round of layoffs, as gaming business can no longer support the city's workforce.
Long-time area resident Charles Hopper says, "If the casino people can't come up with some new ideas to make us different from everybody else, this area's going to collapse. The casinos will become just more abandoned slums."
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