Kevin Oldroyd July 5, 2016 10:54:22
Authorities have hired a group of financial lawyers in an effort to restructure Atlantic City’s debt problem. It’s no secret that Atlantic City has been struggling with debt for years. Casino openings in a number of nearby states have been devastating to the city’s economy. Four of Atlantic City’s 12 casinos were shut down in […]
Akos January 29, 2016 16:42:49
Political leaders announced a five-year compact to reverse Atlantic City’s decline and avoid the city’s possible bankruptcy. $240 million in debt and $160 million in tax appeals are just two signs of Atlantic City’s decline. In order to avoid bankruptcy, New Jersey Gov. Chris Christine has expressed his support of a five-year compact. Under the […]
Bence June 24, 2015 05:18:57
Atlantic City has difficulties in deciding whether to keep fighting for their own good or give up and accept the seemingly inevitable circumstances. Atlantic City casinos are forced to make one of the hardest decisions in the history of their gambling places. They will soon have to choose whether they will agree to allow new […]
The decline of Atlantic City’s casino industry seems unstoppable. Does the city have enough going for it to pick back up? The small coastal town of Atlantic City lies in southern New Jersey only 2-3 hours drive from New York. For decades it was a popular vacation spot for residents of the Big Apple as […]
Staff January 23, 2015 04:40:03
The decline of Atlantic City’s casino industry seems unstoppable. Does the city have enough going for it to pick back up? The small coastal town of Atlantic City lies in southern New Jersey only 2-3 hours drive from New York. For decades it was a popular vacation spot for residents of the Big Apple as […]
Frederick H. January 6, 2015 11:01:59
Mayor Don Guardian of Atlantic City tries to calm the masses and slow the failing city economy through tax cuts and spending. Mayor Don Guardian, of Atlantic City, attempted to bring some form of calm his fellow citizens as well New Jersey residents by declaring 2015 “a year of healing.” With four out of the […]
Born in the wrong place at the wrong time, the downfall of the Revel tells the sad story of Atlantic City’s demise. While it takes decades to build an empire, even the grandest of kingdoms can collapse into nothingness in the blink of an eye. That is the fate befalling Atlantic City. In 2006 “The […]
Toni November 17, 2014 18:32:24
The iconic casino and entertainment center is preparing to finally close its doors to the public, after the necessary papers were signed last Friday. The decision was made to close down the business after it didn’t receive the sought after state incentives and couldn’t find any serious investors, despite there being numerous rumors of a […]
Iva P. July 16, 2014 13:51:28
Land-based casino operators in Atlantic City may take a breath of relief after it was announced that the gambling revenues for June were 4% up compared to last year, supported by$9.5 million, which came from online gambling. Casino business in Atlantic City was seriously declining lately, therefore the city authorities led by the mayor Don […]
Iva P. July 16, 2014 11:45:35
Atlantic City is one the casino meccas for players in the US, but things are slowly changing and the city is looking more into becoming a multi-faceted tourist destination. The summer in Atlantic City is busy as usual, but there is a different vibe in the air as the city is fiercely trying to attract […]
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