New Jersey May Seize Atlantic City as Rebound Eludes Casinos

Updated on
  • Senate president said he'll back bankruptcy if takeover fails
  • Lawmakers also consider ending city's 40-year casino monopoly

After almost five years of piecemeal efforts to fix Atlantic City, New Jersey’s distressed seaside resort faces more drastic measures: the end of its casino monopoly and a state takeover or bankruptcy filing.

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