by Lisa A. Grimaldi | April 10, 2013

Atlantic City casino profits fell by more than 27 percent last year from the previous year's figures, according to press reports.The city's 12 gaming properties collectively posted $360 million in gross operating profits in 2012. This marks the seventh straight year of revenue decline. Among the reasons for the 2012 drop was Hurricane Sandy, which caused casinos to close for up to a week last fall and affected residents in Atlantic City's biggest markets, New Jersey and New York.