Atlantic City New Jersey had a monopoly in the North Eastern US on casino gambling for well over 30 years, but that monopoly no longer exists. Neighboring states have their own legal casino gambling now, and Atlantic City has begun "right sizing" its number of casinos to make up for the gamblers staying closet to home...The Revel, the newest AC Casino, and by far the most opulent, never really got off the ground. It is a very impressive $2.4 BILLION landmark which had closed and then re-opened has few gamblers and no potential buyers. It closes for good September 1.
The Showboat celebrates it's last working day today, August 31.The Trump Plaza and 2 others are going or gone this year, leaving an estimated 8,000 workers jobless by mid September. Some of these workers have been casino workers for decades. Atlantic City had a dozen major hotel casinos, and will have 8 remaining.
Donald Trump has ordered that the TRUMP name be removed from the Plaza pending its closure, but not to worry - the OWNERS of these huge gambling hotels are the very same people who own those other gambling hotels in various other states, including here in PA...where there are a dozen or so statewide. The big guys are fine, thank you, but the workers are left behind although a few hundred will be offered positions if they will relocate.
There are now so many casinos in the North East that half of all residents from West Virginia north live within 25 miles of a gambling "resort"...all, of course owned by the same corporations who are closing the AC casinos.
Atlantic City's mayor, Don Guardian, their first republican mayor in years, has asked NJ's republican governor Chris Christie for millions in state funds to help offset the loss of tax revenue...
Christie's response is still pending.