Atlantic City casino shutdown needed, analysts say

Mayor Don Guardian could see a quarter of

Mayor Don Guardian could see a quarter of his city's casinos close during his first year in office.

(AP) - Atlantic City started the year with 12 casinos. It could be down to nine by Labor Day. Economists and analysts have talked for years in theoretical terms about "casino saturation" in the northeastern United States. But there's nothing theoretical about what's happening in Atlantic City now. The Atlantic Club is dead, taken down by two rivals. Revel says it will close if a buyer...

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