In the last five years, many neighboring states around Atlantic City have opened their own gaming venues, stealing crowds from there. Competing Casinos in Neighboring StatesĪnother reason proffered by gaming industry experts is that other states are opening their own venues, making Atlantic City casinos less lucrative. With no money to spend, gamers dwindled, and the result was the closure of many casinos. The economic downturn led to unprecedented job losses and massive unemployment. The Great Depression of 2008 is one of the reasons behind the decline of Atlantic City casinos. The Rise and Fall of the Atlantic City Casinos The Great Depression and Job Losses It will also examine the emergence of new casinos in neighboring states and their impact on the industry. This article will explore the reasons behind the decline of the Atlantic City casinos and the challenges faced by the city. However, the closure of the Showboat Casino and the Revel Casino Hotel and the impending closure of the Trump Taj Mahal, have put the city at a point of crisis. The gambling industry has long been a major source of revenue for Atlantic City. Discover the reasons behind the closure of these top gaming venues and the challenges faced by the city.ĪTLANTIC CITY, NJ. Kazad/ARTCENTRON As Atlantic City casinos close, many look to a gloomy future of job losses and unemployment. Atlantic City casinos close, leaving a gloomy future.
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