Atlantic City casino revenue falls

Revenue for the nation's second-largest gambling market of Atlantic City fell more than 11% to $286.8 million..The main reason for this was the setting up of similar table games in Pennysylvania, Delaware and other places..The competition could cost Atlantic City about a quarter of its annual table games revenue, or about $300 million a year..The real estate rates also increased in this area getting a boom in the market space...Real estate values fell down in America after the tumble of the giant Lehman Brothers..The Showboat Casino Hotel skidded 12.4%, the Borgata Hotel Casino & Spa, usually the city's dominant casino, fell 11.7%, and the Atlantic City Hilton Casino Resort, which hasn't paid its own mortgage in a year and is trying to work out a deal with its lenders, slid 7.7%.