Atlantic City casino earnings fall nearly 14% in 3rd quarter

Atlantic City's casinos saw their operating profits decline by nearly 14% in the third quarter of this year, figures released Friday by New Jersey gambling regulators show. The state Division of Gaming Enforcement issued statistics showing that the nine casinos had a collective gross operating profit of $236.5 million in the third quarter. More businesses have migrated to online gambling, where the money won from bettors must be shared with outside parties and is not solely for the casinos to keep.