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Revenue at Atlantic City Casinos is down again, falling 15 percent in May from a year ago. New Jersey’s only casino resort city is in the third year of declining fortunes.

The recession may account for some of the drop in gaming revenue. But State Senator Jim Whalen , the chairman of the Senate Wagering and Tourism Committee, says what’s really hurting Atlantic City is casinos in neighboring states

“Really the overwhelming piece of this is the competition that we now face in Pennsylvania .Philly hasn’t opened yet. Delaware is going to have table games. Pennsylvania is going to follow with table games. So the level of competition is only going to go up. We need to build a bigger and better product.”

Whalen says he’s planning to push for some changes in what he calls the most expensive casino regulations in the nation and developing ways of attracting more investment capital to build new casino attractions to lure customers and boost revenue.

LOCAL ASSOCIATED PRESS NEWS FROM NJ.COM

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