With N.J. poised to allow online gambling, internet betting industry flocks to Atlantic City

Governor Christie Delivers His 2013-2014 Budget Speech 2-26-2013

ATLANTIC CITY — Revel, forced to file for bankruptcy this spring after a troubled first year, sits in all its $2 billion splendor on the Atlantic City boardwalk adrift in fiscal worries.

The other 11 casinos that dot the perpetually struggling resort are on pace to put up their worst earnings in two decades, largely because of competition from surrounding states and the hangover from a punishing recession.

But the daunting financial challenges have not stopped gaming companies from around the world that are determined to establish a beachhead in Atlantic City, especially now that the lucrative business of online gambling …read more

Source: NJ.com Atlantic

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