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Trump, Gambling Stocks Drop as Atlantic City Casinos Shut Down

"...The closures in the second-largest U.S. gambling market were ordered by Governor Jon Corzine. He deemed the 190 inspectors who are required by law to monitor casino operations ``non-essential' state employees. The shutdown, which will cost 12 casinos an estimated $16 million a day in lost revenue, affects gambling operations, not hotels, bars or restaurants.

"...Trump Entertainment shares lost $1.29, or 6.4 percent, to $18.99 in Nasdaq composite trading as of 10:37 a.m. in New York, heading for the biggest drop since May 2005. Boyd Gaming Corp., co-owner of The Borgata Hotel Casino & Spa with MGM Mirage, fell 62 cents to $39.27 in New York Stock Exchange composite trading.

"...Harrah's Entertainment Inc., the world's largest casino company, slipped 91 cents to $69.59. Harrah's has four casinos in Atlantic City..."

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