Odds Are NJ Casino Closures Will Spark Deal Wave

By Natalie Rodriguez (July 18, 2014, 6:39 PM EDT) -- In the wake of several Atlantic City casinos announcing they are ready to shut their doors, hotel and real estate companies with cash to play the long game are likely to jump at those new opportunities to enter the East Coast market at bargain rates, attorneys say.

Over the last several weeks, Caesars Entertainment Corp. has announced that it will shutter two of its properties, the Atlantic Club and Showboat Atlantic City, while Trump Plaza Hotel and Casino recently handed out pink slips to workers.

While the announcements have cast gloom on the New Jersey gambling market, the closures are expected...

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