UPDATE 1-New Jersey online gaming could cut into tourism-Moody's
April 05, 2013 at 15:10 PM EDT
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 for gamblers, lost its ranking as the second-biggest U.S. gaming market, behind Las Vegas, to the neighboring state of Pennsylvania. The credit rating agency also took a jab a