Posted on 08/14/2014 6:44:12 AM PDT by C19fan
The winning streak has run cold for Atlantic City, N.J.
Earlier this week, the upscale Revel Casino Hotel announced it will close, bringing the total number of casinos in the city expected to close by the end of the year to four. Thousands of workers are confronting unemployment.
The state has long guaranteed Atlantic City a monopoly on gambling within New Jersey's borders, but gambling revenues there have been declining due to increased competition from new casinos in neighboring states and the lingering effects of the financial crisis. The monthly report from the state Division of Gaming Enforcement issued Wednesday shows that the trend is continuing, as July's take declined 7.7 percent year over year.
(Excerpt) Read more at washingtonpost.com ...
If AC is 40% black, it’s because they went there for the work, and stayed for welfare on the beach after the gambling became less unique (AC was one of the first alternatives to Nevada). You’re right, it isn’t going to become the Riviera all at once.
Also, the idea of giving AC a “cut” of Northern NJ gambling revenues is a typical central planner’s move of cross-subsidization to patch problems.
Demographics is destiny
Also not mentioned, Atlantic city is the only one in the area with smoking bans
One of these days the mobs which control AC, Vegas and Reno will wake up and smell the reality that Rat congressits by pushing Obamacare and other socialistic wet dreams which take away disposable income from Americans is really dangerous to their income flow and way of life. Then, they will retire Reid, Pelosi and the other rat socialists.
At the 2010 United States Census, there were 39,558 people. The racial makeup of the city was 26.65% (10,543) White, 38.29% (15,148) Black or African American, 0.61% (242) Native American, 15.55% (6,153) Asian, 0.05% (18) Pacific Islander, 14.03% (5,549) from other races, and 4.82% (1,905) from two or more races. Hispanics or Latinos of any race were 30.45% (12,044) of the population
I’m a regular AC visitor but have not gone this year and won’t be. I don’t make it past Maryland Live or Parx Casino where the action is better for poker and it’s safer ... much safer.
The local cops are corrupt as corrupt can be. They write off obvious murders as ‘suicides’ just to clear cases. They turn their heads from Prostitution rings lead by violent criminals and cover up their murders and body dumping.
They are the architects of their own demise.
In the gambling business popularity begins and ends with safety and honest payouts. Neither of which the State of NJ was able to provide to Atlantic City.
AC was more than 40% black pre gambling days.
Mobs don’t control AC Casinos ... if they do, it’s the Mob of the political persuasion.
AC had a large black population BEFORE legalized gambling. When gambling went in, the city actually improved quite a bit - new housing, etc. Many of the casinos just replaced the existing hotels (which were failing).
WaPo doesn’t tell the whole story (as usual).
There is this article from August 7 (last week!)
Atlantic City OKs 29 percent property tax hike
http://www.nj.com/atlantic/index.ssf/2014/08/atlantic_city_oks_29_percent_tax_hike.html
The timing of the casino closing and the announcement of the tax hike would seem to be highly relevant. But BigGov WaPo emphasizes the gambling revenue aspect.
Thanks for the info.
I remember Atlantic city having a bad rep in the late ‘60’s. I didn’t know how it got that way.
I can see that a lot of money went into the city when the casinos were new... now that flow is reversed.
AC is a nasty, nasty place
Basically drive through Camden (figuratively) to reach the casinos.
No one in there right mind goes to AC.
They go to the casinos and then leave, laughing as they read the road signs “Stay Awake! Stay Alive!”
I don't think Delaware putting slots in their race tracks hurt AC too much but from the time Eddie Rendell was mayor of Philadelphia he wanted gambling (riverboats to begin with) so the money didn't flow out of PA. PA got their casinos and that took almost all of the tour bus business and much of the auto traffic away from the AC casinos. Now, PA, DE, MD and WV have slots and table games so there is no desire to travel to AC.
People thought I was being crude then. Now, it looks like a serious proposal.
Government can never get enough tax revenue. Don't believe it? Show me a city deep in Democrat territory, where they have a total monopoly on political power , even a wealthy city (of which there are a few) which has a public school district which is "fully funded."
Fat boi is a corrupt DemocRat. Kick the lardazz from the party.
And I remember at 21, taking my first bus trip there. It was to Trump Castle (I think that was the name -- it was the motif) which was in the middle of nowhere -- there wasn't a casino next door to go to. That was back when the Atlantis advertised $2 blackjack -- not that you could get a seat at that table.
After that, we'd only go if it was to the Boardwalk.
I get emails from the Tropicana and others. They try to make it sound like a great deal to stay there, but I hear the hotels aren't that great. Most people just want one night to sleep it off before the road trip home the next day.
Don’t forget about the two big Indian casinos in CT—Foxwoods and Mohegan Sun. They were the big, new thing for a while, and must have contributed to the drain of NYC gamblers that might have gone south to Atlantic City.
Yes, that took a lot of the New Yorkers (and probably north Jersey too.
I think the best thing about AC is Lucy, the histor, elephant house. Of course, Lucy is in Margate (a few miles south).
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