Do You Think Christie Is Failing Atlantic City?
Noting plunging casino revenues, more competition in neighboring states (sound familiar yet?), and a “state-controlled casino district” that isn’t living up to the hype, the report adds that Christie’s big plans for the city have not affected the city’s economy as hoped.
Bloomberg adds that bond investors are punishing the city for its decreasing gaming revenues and uncertain future while Gov. Christie has until Feb. 7 to decide about legalized Internet gambling via Atlantic City’s 12 gaming halls.
With the prospect of Internet gambling at the casinos, several big events being planned for the summer of 2013 — including a world-class sand-sculpting contest, concerts at Bader Field, and the opening of Margaritaville at Resorts — who knows where Atlantic City will be by 2016, five years after the governor implemented the plan for the state-run “tourism district” in Atlantic City.
Atlantic City, like many destinations, attractions and businesses around the country, may be holding a dicey hand right now, but the game ain’t over yet.