Is This the End of Atlantic City?

East Coast GamblingIs This the End of Atlantic City?

Atlantic City has continued to see their gambling revenue plummet. Having saw a twelve percent dive around this time last year, the New Jersey Casino Control Commission now shows that revenue from slot machines dropped three percent and revenue from table gambling dropped nearly fifteen percent. All in all, it has been nearly three years of crushing decline created by Philadelphia’s casinos and continued economic decline in the US.

 

Las Vegas and Atlantic City

Atlantic City was once known as the second largest casino city in the United States after Las Vegas, but steady decline may create opportunities for other cities in the US to outrank Atlantic City and possibly Las Vegas. Continued payroll cuts and redundancies will not help Atlantic City to recover and it is estimated by industry experts that without private purchases of casino properties; Atlanta City casinos will fail within the next three years.

August 12, 2011 by : posted in Featured News No Comments