Phyllis F. May 13, 2015 05:14:29
Declaring Atlantic City bankrupt because of a massive budget deficit could have a butterfly effect. With four casinos closed, a $100 million gap in its budget and tax appeals by at least five casino properties, which is possible under US gambling laws, the odds of Atlantic City becoming bankrupt is pretty high. Also as if […]
Phyllis F. May 13, 2015 05:14:29
Declaring Atlantic City bankrupt because of a massive budget deficit could have a butterfly effect. With four casinos closed, a $100 million gap in its budget and tax appeals by at least five casino properties, which is possible under US gambling laws, the odds of Atlantic City becoming bankrupt is pretty high. Also as if […]
Nich Moore April 23, 2015 11:03:21
The Revel was the most shocking of the casino closures in Atlantic City in 2014 but new details have emerged showing it wasn’t so much closed as drowned by it’s utility company When the Atlantic City gambling market decided to shrink like a cheap sweater in the wash there were more than a few predictions […]
Nich Moore March 27, 2015 07:40:56
The race for the White House has officially kicked off but as yet Chris Christie hasn’t jumped in, but perhaps that’s because he’s still got a thorn in his side; Atlantic City Chris Christie, the New Jersey governor that looks as if he didn’t just eat all the pies but the van that delivered them […]
Nich Moore February 20, 2015 04:40:44
Apparently it isn’t just economic hardships that are to blame for Atlantic City feeling the squeeze, as it now emerges one of its biggest enemies is their very own Governor Last year Atlantic City’s woes were big news in the gambling news pages as the jewel of the east coast found itself getting squeezed on […]
Nich Moore January 20, 2015 12:13:07
Does the increasing success of Bet365 and its ilk herald a shift in gambling that will sound the death knell for casinos and betting shops? There is a dystopian future that is often trotted out by the usual sci-fi fantasy brigade in which the entire world becomes one giant computer system with everything and everyone […]
Nich Moore January 20, 2015 12:13:07
Does the increasing success of Bet365 and its ilk herald a shift in gambling that will sound the death knell for casinos and betting shops? There is a dystopian future that is often trotted out by the usual sci-fi fantasy brigade in which the entire world becomes one giant computer system with everything and everyone […]
Nich Moore December 13, 2014 13:28:23
As their governor continues to consider a run at the White House Atlantic City begins to re-purpose its former casinos in an attempt to improve their economic circumstances Chris Christie has a problem, and I’m not talking about his weight, although I suspect if does eventually throw his hat into the ring to run at […]
Nich Moore December 13, 2014 13:28:23
As their governor continues to consider a run at the White House Atlantic City begins to re-purpose its former casinos in an attempt to improve their economic circumstances Chris Christie has a problem, and I’m not talking about his weight, although I suspect if does eventually throw his hat into the ring to run at […]
Monica E. October 18, 2014 17:16:00
Former casino employees who lost their jobs after four Atlantic City gambling venues closed will get help with health care and insurance. This week, AtlantiCare unveiled a program to help former employees of the Atlantic Club, Showboat, Revel and Trump Plaza. All four casinos have closed this year, and the Trump Taj Mahal might follow […]
Atlantic City is on the downslope, but one industry insider thinks that it will return as a learner, more efficient market. Veteran gaming consultant Gary Green has continues to urge optimism despite a string of negative gambling news reports coming out of Atlantic City, including the closures of the Revel, Showboat and Atlantic Club and […]
Nich Moore September 5, 2014 15:34:37
Atlantic City has nearly 9,000 people newly unemployed as four of twelve casinos close in the space of a year as competition in the region heats up. Atlantic City’s troubles have been brewing for a while now. The last seven years have seen a slide in operating profits across the casino sector the mainstay focus […]
Alex Nevsky August 15, 2014 09:08:50
New Jersey Casino Control Commission says it can’t force Atlantic City casino owners to keep their destinations open. It’s no secret that Atlantic City casinos are in deep trouble, with some of them already closed down, and some on the brink of closure. And now a report in American gambling news says that there are […]
Monica E. July 21, 2014 21:02:17
Thousands of workers are worried about their future, but rebranding Atlantic City might just be the answer to all of their problems. The fall of Atlantic City might just be the most debated topic this month. Online gambling sites in the US state of New Jersey are doing fine, but profits made by land-based casinos […]
Tom S. December 5, 2013 15:34:29
Another New Jersey Casino Hits Trouble as Showboat is Fined $7,000 for Unshuffled Cards
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