Atlantic City nosedive continues..

[Eponymous]

As has been pointed out in other of the OP's similar threads, when new competition enters the market, they are going to gain some market share. So the existing competitors' market share is naturally going to be less unless new customers magically appeared along with the new competition. These reports reflect just that -- a percentage less win than the same month a year ago. Not a continuing decline like his misleading titles try to claim. It would be more of a concern if every month the percentage decrease from the same month in the previous year continued to grow, but it's not. And it's not speaking to any decline in profits.

If there is a nosedive occurring in AC, then there are a whole bunch of terrible businessmen at a number of companies building new casino resorts or adding towers to their current properties, including:
- MGM Mirgage's new $5B casino resort next to the Borgata
- A new tower currently being built at the Borgata
- Revel/Morgan Stanley's new $2B resort/casino on the boardwalk
- Pinnacle's new $2B casino on boardwalk at former Sands site
- A new tower currently being the Taj Mahal
- A new tower currently being built at Harrah's
- A potential major expansion at the Hilton
- Interest from several companies in putting a major casino at the Bader Field site

But this article in Newsday today, "Atlantic City in 2012: A new world in gambling resort," tells it much better than I do. As they say in their opening, "Five years from now, you might not even recognize this place."

Sounds like a real nosedive.