AC Articles of Interest
Posted: Wed Aug 13, 2014 7:05 pm
Trump Isn’t the Only Loser in Atlantic City
http://time.com/3104529/atlantic-city-c ... ing-revel/
Atlantic City Faces Downward Spiral With Revel’s Demise
http://www.bloomberg.com/news/2014-08-1 ... emise.html
Closing of Revel Casino Deals Another Blow to Atlantic City
http://online.wsj.com/articles/atlantic ... 1407850347
Read some of the commentary for a sanguine look at AC's problems.
Briefly, as noted in the above articles, the saturation of casinos in the mid-Atlantic states has greatly impacted AB. AC, however, has multiple problems that go beyond the opening of casinos in surrounding states. For one, AC is too dependent on casino revenue. It needs to diversify its revenue stream like Vegas has done. AC also needs to attract non-gambling tourists. Jersey Shore communities north of AC are thriving without casinos. AC, with its Boardwalk and beach is not.
http://time.com/3104529/atlantic-city-c ... ing-revel/
Atlantic City Faces Downward Spiral With Revel’s Demise
http://www.bloomberg.com/news/2014-08-1 ... emise.html
Closing of Revel Casino Deals Another Blow to Atlantic City
http://online.wsj.com/articles/atlantic ... 1407850347
Read some of the commentary for a sanguine look at AC's problems.
Briefly, as noted in the above articles, the saturation of casinos in the mid-Atlantic states has greatly impacted AB. AC, however, has multiple problems that go beyond the opening of casinos in surrounding states. For one, AC is too dependent on casino revenue. It needs to diversify its revenue stream like Vegas has done. AC also needs to attract non-gambling tourists. Jersey Shore communities north of AC are thriving without casinos. AC, with its Boardwalk and beach is not.