Atlantic City’s Struggling Casino Industry - My9 New Jersey

Atlantic City’s Struggling Casino Industry

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Atlantic City, New Jersey (My9NJ) -

Atlantic City has been struggling. The Showboat and Trump Plaza Casinos are both scheduled to close next month and Mayor Don Guardian says that the city needs to figure out a way to change things if it wants to survive, but he said it’s not dead yet!

“So Atlantic City may be 15 years after Vegas and I realized that it’s not all about casinos, it’s about the overall experience of coming to resorts,” he said.

Longtime entertainment reporter Whitney Ullman (@GoToWhitney) said that she thinks there is a lot still going on in Atlantic City, but the problem is that people just don’t know about it.

“I think there’s a big misconception in the national media and I think if people would actually come to Atlantic City they would see that there is a lot going on and that we are thriving,” she said.

The Revel Casino is now set to go to auction as soon as next month with a starting bid of $50 million. The development project cost billions, so how can these businesses continue to thrive?

Investigative Reporter Alex Zdan chimed in on the future of these casinos and the city itself.

“The beach occupancy rates, they’re up. People are going to Atlantic City, they’re just not spending as much money at the gambling tables,” he said.

Approximately 10,000 jobs are at stake if these casinos close.

 

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