"It's got to be better than the year we just had given that we had four closings. In that regard, the worst is behind us," said Tony Rodio, president of the Tropicana Casino and Resort. "But there's certainly a lot of uncertainty with the tax situation and the state legislation, and about market conditions. I'd forecast a better year, but still cloudy."
Kevin Ortzman, president of the Casino Association of New Jersey, said Atlantic City took some bitter but necessary medicine this year.
"Atlantic City experienced big changes in 2014, changes that were very difficult but nonetheless necessary for the greater good of the entire region," he said.
Read More2014 timeline ofAtlantic City's battered casinos
The biggest question heading into 2015: Is the bleeding over? Casino executives and analysts say the remaining eight casinos have a better chance of success now that the market has contracted; "right-sizing" was a frequently used term in 2014 as The Atlantic Club, Showboat, Revel and Trump Plaza closed. In November, the eight remaining casinos saw their revenue increase by 11.5 percent compared with November 2013.
But it's too soon to sound the all-clear signal. Gary Loveman, president of Caesars Entertainment, seemed to put Bally's on notice in October, saying, "We need to make money there."
Wall Street firm Fitch Ratings predicts Atlantic City's casino revenue will dip to $2.6 billion this year (from $2.86 billion in 2013) and decline further to $2.5 billion in 2015.
Sometime in 2015, the state Division of Gaming Enforcement is expected to decide whether to let PokerStars, the world's largest poker website, into New Jersey's online gambling market. The process has been complicated by the company's past legal troubles, but a new owner, Amaya Gaming, and personnel changes are aimed at getting a New Jersey license.