I suggest you read With casinos closing, Atlantic City considers future, an article published a few days back on the philly.com website. Here is just the beginning:
ATLANTIC CITY – The blows came fast and furious for this struggling resort over the last week and a half.
Its newest and most expensive casino, Revel, declared bankruptcy for the second time June 19 and is threatening to close if it doesn’t find a buyer. Four days later, the U.S. Supreme Court shot down New Jersey’s effort to get sports betting, thus denying Atlantic City casinos an option they had long wanted to bring patrons in during the slow winters.
And on Thursday, Caesars Entertainment Inc., which owns four casinos here, announced it was closing the Mardi Gras-themed Showboat by summer’s end.
About 2,100 employees received 60-day notices the next day.
The city had already shed the Atlantic Club, a smaller, underperforming Boardwalk casino in mid-January – leaving it with 11 casinos.
If Showboat and Revel both shutter, the Boardwalk will have three large vacancies.
“Atlantic City is undergoing a massive economic transition,” Atlantic City Mayor Don Guardian said at a news conference Friday at the site for Bass Pro Shop – a nongaming attraction being built. “We know it is painful for those who are losing their casino jobs.”
Inquiring minds would like to know how gambling in Ulster County will bring different results.
– Jon Dogar-Marinesco