Toni May 28, 2015 06:15:49
Following a string of very disappointing results in the market, the iconic casino city saw an increase in the first quarter of operations. Several years ago Atlantic City was the main gambling hub on the East Coast of the US. However, now the once prosperous gaming destination finds itself in a completely different position to […]
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 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 […]
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 […]
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 […]
Toni September 2, 2014 16:23:36
Gaming industry in Atlantic City suffers another loss as popular casino Showboat closes its doors while other gambling providers await the same fate. After years of providing gaming services in Atlantic City, Showboat has succumbed to the same fate as other casinos in the once prosperous gambling town. The famous gaming destination initially opened its […]
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 […]
The Revel in Atlantic City will shut down only two years after opening; it will be the third casino closing of 2014. Representatives of Atlantic City’s Revel Casino have announced that the casino will cease all operations no later than September 10. The end has long been inevitable but represents a string of negative gambling […]
Alex Nevsky August 6, 2014 19:25:18
Donald Trump is seeking to remove his name from two Atlantic City casinos by suing the company that runs them. While the situation with Atlantic City casinos operating under American gambling laws worsens by the month, Donald Trump is now suing to get his name removed from two of his former properties there. Interestingly enough, […]
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 […]
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 […]
Nich Moore July 14, 2014 14:24:50
Losing 33% of its casinos in a single year endangers Atlantic City’s economy and signals tough times ahead When casinos arrived in Atlantic City back in 1978 they quickly became a pillar of the local economy not just in terms of employment but also in the knock-on economic effects of attracting people to the city […]
Tom S. January 16, 2014 10:56:23
Seaside gambling destination takes hit amidst launch of online casinos The legendary East Coast gambling hub of Atlantic City took a major hit in 2013, with the New Jersey Division of Gaming Enforcement reporting land-based casino revenue of $2.86 billion in 2013. This figure is down from over $3 billion in 2012. Famous establishments like […]
Tom S. November 27, 2013 11:09:30
Six Atlantic City Casinos Go Live With Online Gambling in New Jersey After a Succesful Trial But Golden Nugget Drops Out
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