Future of Atlantic City Casino Industry

Published February 24, 2007 by OCR Editor

Future of Atlantic City Casino Industry

Are the fears of Atlantic City officials that the land based casino industry in the city will hurt, changing the direction in which the local gambling market has gone ever since its first days thirty years ago?

2007 is expected by some, shall we say the less optimistic of the officials who run the industry, to see a decline in business for the first time ever. The fears rose from Day 1, the very beginning of the year, when New Years summaries were made that saw a decline in the scope of business. It has since spurred much concern among the land based casino officials.

Understanding what could be the reasons for the decline is a good place to start an inquiry and drafting a business plan that will help the land based casino industry in AC avoid the fate it sees in front of its eyes. And these are several. Neighboring states, Delaware and Pennsylvania for example, are offering slot machines at land based casino venues of their own, taking away business and gamblers from New Jersey, Atlantic City specifically. Additionally, the no smoking rules that keep cigarette smoke out of the land based casino halls is keeping away gamblers, so goes the hypothesis.

New Jersey, certainly Atlantic City, rely heavily on taxes that come from land based casinos. This has been the case for many long years and a change is not likely to pass smoothly, increasing the alarm officials feel. One land based casino top official said it in these words that mean one thing: There will be an impact, no doubt. It is slots revenue more than any other game or aspect of gambling that is seeing the greatest decline so far, pointing at competition with venues in neighboring states as the number one problem.

See also

2014 Mobile and Tablet Gaming Summit Now Underway

Tropicana Casino Operator Files Bankruptcy

Caesars Continues to Struggle as Casino Revenue Drops

Operators Discuss Future Of E-Gaming

USA Gambling Laws in Four States Subject to November 8 Referendums

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