According to Fitch Ratings, the land-based casino industry in Atlantic City, New Jersey, is expected to generate $2.5 billion in gambling revenue in 2015 despite the shutdown of three casinos, namely the Revel, Showboat and Trump Plaza. In the upcoming years, the revenue numbers would deteriorate and go down to $2 billion mainly because of the tough competition from neighboring states. Furthermore, Fitch Ratings doesn’t predict closure of more casinos in the upcoming year. The revenues for the 12 months till July are $2.7 billion, while the revenues for the same period for Trumps Plaza, Atlantic Club, Revel and the Showboat are $457 million. Fitch believes that $280 million will be recaptured.
Closed Casino Volume for Atlantic City Casinos
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