Revenue Declines at Atlantic City Casinos

Last year, for the first time ever, revenue declined at Atlantic City casinos -- down from more than $5 billion the year before, to just below $5 billion, reports National Public Radio’s Morning Edition. The problem is competition, including the Foxwoods and the Mohegan Sun. But other sources of competition for Atlantic City may one day prove problematic for tribes – non-Indian gambling operations such as casinos at racetracks and slots only parlors. As cash-strapped states become more desperate to raise revenue, tribally owned casinos will likely see more and more competition from these smaller gaming operations.