Atlantic City could lose more than 8,100 casino jobs and nearly $1.3 billion in annual revenue over the next decade due to rising regional competition, according to a recent economic report released by the Atlantic County Economic Alliance. The study outlines significant challenges for Atlantic City, projecting that potential job losses could account for more than one third of current casino employment in the municipality. Revenue declines might top 44% if multiple competitive threats emerge simultaneously. Under a baseline scenario that excludes proposed expansion in North Jersey, the coastal hub still faces potential reductions of 5,100 jobs and nearly $815…

Washington Post – The billboard hard by the Atlantic City Expressway is supposed to speak for a single casino, not an entire company town. But Revel Casino Resort’s marketing slogan resonates loudly throughout this struggling seaside resort. “Gamblers Wanted,” it says. And how. Atlantic City, the erstwhile East Coast gambling mecca, is on an epic losing streak; over the past six years, competitive and economic forces have crushed the local casino economy, driving revenue down more than 40 percent. Once, the city that inspired the board game Monopoly had its own gambling monopoly on this side of the country. Now,…