New Jersey online gaming could cut into casino visits -Moody's

April 5 (Reuters) - New Jersey's legalization of online gambling is expected to help stabilize Atlantic City's property tax base, but it could also further dampen tourist visits to casinos as gamblers place bets from home instead, Moody's Investors Service said on Friday. Atlantic City, once a prominent destination, was overtaken last year by the neighboring state of Pennsylvania to become the second-biggest U.S. gaming market after Las Vegas. Moody's rates the city's general obligation