Surviving Casinos in Atlantic City Could See Revenue Grow

Analyst predict where the money goes after latest shutdowns.

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    NEWSLETTERS

    August 29, 2014: Showboat and Revel are closing this weekend, and Trump Plaza is shutting down Sept. 16.

    A Wall Street firm predicts much of the money that had been going to three Atlantic City casinos that are closing will remain in Atlantic City after they're gone.

    Fitch Ratings predicts Atlantic City's casino revenue will decline to $2.5 billion in 2015 from $2.86 billion last year.

    In a report issued Friday, the firm also predicts a good chunk of the money being won by the Showboat, Revel and Trump Plaza should go to the eight surviving Atlantic City casinos.

    Showboat and Revel are closing this weekend, and Trump Plaza is shutting down Sept. 16.

    Fitch says the three Marina District casinos — the Borgata, Harrah's and the Golden Nugget — may benefit more than the Boardwalk casinos.

    It also predicts more business for the Taj Mahal, Caesars and Bally's.