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The long running experiment of legalized gambling on the Jersey Shore has failed.
Much of the the fallout is on the backs of the taxpayers. Billions were infused into the city over the decades to try and rescue it from the inevitable failure. Only those with clear vision saw this coming a long time ago. Yet the New Jersey legislature continued to pour taxpayer money in on a bipartisan basis.
IMHO they didn't do enough. One block off the casino row and you're taking your life in your hands.
R.I.P Atlantic City
Well they did all they could with building the casinos, Early on Trump was building an empire there but it never helped the surrounding areas as they thought it would.
Also the Indian reservation casinos rendered a trip to AC obsolete.
How has it failed? Crowds still go for the boardwalk and casinos and hotel occupancy rates remain high.
What would AC be like today without the casinos? Any better?
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.
Maybe there were too many casinos in Atlantic City and once the places close the market will adjust the ones remaining will do well.
Could be. There was a line of thinking that the place needed to be more vegas like. SO they built the Revel and it still failed.
We will see if a more slender yet efficient AC comes out of this.
I think the problem was that it was ONLY the casinos and also seasonal.
Unless you are a gambler then a trip to Atlantic City was a one time deal to see what it was like.
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.
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