VIDEO: Predictions on Atlantic City Casino Closings
ATLANTIC CITY - Moody's Investors Service says eight new casinos opening in the next three years on the east coast will put even more pressure on those already struggling to survive in Atlantic City. The company says it expects additional casinos to close in the city, where four of 12 went out of business last year due in large part to increasing competition. Moody's does not predict how many will go belly-up, but it says the Trump Taj Mahal, Caesars, and Bally's are already on the brink. Each is in chapter 11 bankruptcy.
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