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Atlantic City Affected by PA Slots January 21, 2008 Since legalized gambling came to Atlantic City 29 years ago, casino revenues have risen every year. Because of that, more than 40,000 casino jobs exist, and out-of-state visitors have pumped billions into New Jersey's economy. But revenues were down at Atlantic City's 11 casinos in 2007, for the first time ever. In 2007 Pennsylvania garnered slot machines at racetracks and at a freestanding casino in the Poconos. Gamblers at the six slot facilities in Pennsylvania had wagered $10 billion since the first slots opened in November. Most of those wagers probably would have happened in Atlantic City two years ago. Likewise, those gamblers didn't spend money on food, hotel rooms and other services in Atlantic City. The amount wagered in Pennsylvania is sure to increase in 2008 as more slot parlors open in the state. Eventually, two casinos will be built in Philadelphia on the Delaware River, a stone's throw from New Jersey. |
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