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Atlantic City casinos close amid out-of-state competition The results of this paper provide evidence that the deregulation in Atlantic City beginning in July had a signicant positive impact on casino win. Fisher, Franklin M. and John J. McGowan () ‘On the Misuse of Accounting Rates of Return to Infer Monopoly Prots’, American Economic Review, 73. Atlantic City Gambling Market Overview & History Atlantic City was a popular tourist destination long before it became a leader in the casino gambling market. Casino Gambling in America and Its Economic Impacts. A. A Conceptual Framework for Assessing the Economic Impact of Casino Gambling. 7. States have often created casino monopolies for areas (e.g., Atlantic City ; Gary, Indiana; and Detroit) that were particularly disadvantaged economically in order to use casinos as a tool for those areas’.