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Struggling times expected to continue in AC

5 January 2009

NEW YORK, New York -- As reported by WNYC: "It's been a tough year for Atlantic City's casinos, and 2009 isn't looking much better.

"Plans for as many as four new casino-hotels worth as much as $11 billion are being shelved due to the economic downturn. Hundreds of workers have been laid off, and as many as five of the 11 casinos could wind up in bankruptcy court in 2009.

"Revenues at Trump Entertainment's Resorts Atlantic City casino were down 15.7 percent over the first 11 months of 2008, making it one of the worst performers.

"But Joe Corbo, the president of the Casino Association of New Jersey, says Atlantic City still has things going for it.

"He points to three casinos that opened new hotel towers in 2008. And a new express train service from New York City to the casinos will begin in February..."

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