Report: Atlantic City Squeezed as Gambling Expands

While Maryland and other nearby states have expanded their gambling offerings in recent years, one historic casino hotbed has struggled, The Washington Post reports. 

Atlantic City, once one of the few places where people could bet money outside of Las Vegas, has seen its gambling business fall off as Pennsylvania, Maryland, New York, Delaware and West Virginia have constructed casinos complete with slots and, in many cases, live table games. 

"[O]ver the past six years, competitive and economic forces have crushed the local casino economy, driving revenue down more than 40 percent," the Post reported. 

The newspaper said that Pennsylvania has now surpassed New Jersey as the nation's second-largest gaming market, behind Nevada. 

The Maryland Live! Casino at Arundel Mills now rivals Atlantic City's Borgata in revenue produced. And Arundel Mills this month will open a new 52-table poker room.

Read the full report on Atlantic City's struggles in The Washington Post.