How's business at America's casinos? It all depends on where you look. In the nation's oldest gaming market, Las Vegas, winnings rose 14% last year and profits were up 25%, to $648 million. But in Atlantic City, where gambling has been legal since 1976, business has been a crapshoot at best. The city's dozen boardwalk casinos last week reported combined losses of $266 million for 1990, the first annual losses in a decade. One of the biggest losers: Donald Trump, whose Plaza, Castle and Taj Mahal gaming houses lost $174 million.
Analysts blame the slow economy for only a part of...
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