– June 10: The Borgata Hotel Casino & Spa gets a refund of more than $88 million under a settlement it reached with Atlantic City over how much the city’s top casino should pay in property taxes, one of several costly casino tax appeal cases draining the city’s finances.
– May 20: A panel of Wall Street analysts at a regional gambling conference says a market that has already lost one casino this year still has too many. – May 7: Caesars Entertainment CEO Gary Loveman says Atlantic City has too many casinos, and one or more needs to close. 14: State regulators announce that Atlantic City casino revenue fell below $3 billion for the first time in 22 years, dipping to $2.86 billion for 2013. It was the first of four Atlantic City casinos to go belly up in 2014. 13: The Atlantic Club Casino Hotel closes, bought out of bankruptcy court by two competitors (Tropicana Entertainment and Caesars Entertainment) that stripped it for parts and shut it down. The closings seem to have stabilized the market for the remaining eight casinos, a trend that will be closely watched in 2015. WHYY thanks our sponsors - become a WHYY sponsor
