Gambling reports from the Atlantic City casinos thinks that gambling is far from being recession-proof was once again.

February numbers pointed to a missive 19.2% decline in revenue compared to the same time in 2008, aggregated from the 11 casinos operating in the city.

And the future of casino gambling in Atlantic City is far from brighter, after the massive gambling revenue decline was paired with the constant stream of bad news coming out of the local casinos.

Also other gambling companies are scraping further casino development in Atlantic City.

Pinnacle Entertainment has postponed a casino beach front resort with price tag of $1.5 billion indefinitely.

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