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Right- which is why there was a line of thought it should be more like Vegas. Only that will not work since there are already hundreds of spots on the Jersey Shore for family entertainment/ vacations.
Ah the trips to Point Pleasant and Seaside Heights from back in the day bring back fond memories.
I grew up in NYC. A trip to Rockaway Beach was just a day trip. But a trip to the Jersey shore was a "vacation" because we always got to stay overnight somewhere.
Maybe there were too many casinos in Atlantic City and once the places close the market will adjust the ones remaining will do well.
It's like a mall with too many shoe stores. Once the weakest ones close and the mall owners realize they had too many shoe stores the ones left may do fine.
I would think there would be too much redundancy there. You can only have so many of these establishments before you reach a saturation point.
I know what killed Atlantic City.. the banks! The do not give all those retirees any interest on their savings anymore.
AC was thriving and I was there to see it.. free rooms and meals given along with prizes and comps.. it was a thriving enterprise.. many retirees took buses and also by car .. there was a time one could not find a slot machine to play because every slot was taken...
I would go for the free room and meal and play very little and also found a machine that paid every time I played it. I would go home with more money than I went with and didn't have to pay a dime for a room or meal. I saw free shows and played the PRICE IS RIGHT and won comps. No more free rooms , no comps, no free meals.. now..
Now the place is dead.. the retirees don't have the money to play with because their money is not making any money since the banks went broke. The cost of living is up , food, gas, and utilities.. so how is the older people going to go there on no interest paid and costs going up? They don't go anymore. The banks and lending got out of hand and it is affecting areas such as Atlantic City , a ghost of what it was before the housing crisis.
We used to go to AC once a year just to enjoy the Boardwalk and the ocean and to do a little gambling and eat a good meal. Bus trips made it easy and inexpensive. Trump was my favorite since it was centrally located and had some good slot parlors. Then the local bus company stopped going there and instead we had Bally's or Showboat or Taj Mahal.
Bally's wasn't too bad but the other two were too far up. I don't know why Trump never made the effort to bring in more gamblers from PA but he seemed to cede dominance to Caesar's.
So casinos went into mountains of debt and finally nobody could bail them out any more. I wonder why the US government never has that problem?
Also the Indian reservation casinos rendered a trip to AC obsolete.
It's more than the Indian reservations, PA has buch of casinos spread throughout the state without any immediate competition. They are doing very well. That's a huge advantage over AC which is central with numerous casinos. They are also contributing a significant amount of taxes especially in the areas near the casinos. Years ago a trip to AC in my area was common, they had numerous buses heading that way every day, not anymore...
These are single casinos and in the eastern part of PA, AC was only a 1 to 3 hour drive from these. If you were gambler you were heading to AC, the next closest place would have been Niagara Falls.
World Resorts Casino in Queens is a big reason why AC isn't faring well. 10 million NYC residents now get to stay local to gamble.
IMO Casinos are at a saturation point.
Ah the trips to Point Pleasant and Seaside Heights from back in the day bring back fond memories.
I grew up in NYC. A trip to Rockaway Beach was just a day trip. But a trip to the Jersey shore was a "vacation" because we always got to stay overnight somewhere.
Yup, for me it was Wildwood and Cape May growing up.
I grew up in North Jersey.
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