Atlantic City, N.J. • When the pressure of an oversaturated market became unbearable this year, some of Atlantic City's oldest casinos either closed their doors or announced plans to do so.
Now, Revel Casino Hotel, the city's newest casino — and one of its most opulent — is joining them in the casino graveyard.
Amid this dire scenario, New Jersey regulators released a report Wednesday that said Atlantic City's casinos took in 11 percent less from gamblers in July than they did a year ago.
Figures released by the state Division of Gaming Enforcement show the 11 casinos won $274 million in July, compared with $297.1 million in July 2013. That includes $10 million in Internet gambling revenue, which was up by about $500,000 from June.