atlantic city legalized casino gambling in

Rather than making the city a must-see travel destination by building up the boardwalk and emphasizing the beaches and other forms of entertainment, development in the city has mostly been centered around the casinos.

One of the ways Atlantic City has gone wrong is by placing too much emphasis on gambling. Putting All The City’s Eggs In One Basket

Related Link: Is Melco Crown Entertainment's Free Fall Finally Over? Now, the Pennsylvania gambling market has overtaken second place, and it’s not difficult to see how Pennsylvania’s rising gambling revenues and Atlantic City’s falling gambling revenues are directly related. (NYSE: LVS) Sands Casino in Bethlehem, Pennsylvania is just 80 miles away?Īs recently as three years ago, Atlantic City was the second largest gambling market in the country. Why would New Yorkers travel 127 miles after a long work week to gamble in Atlantic City when Las Vegas Sands Corp. Pennsylvania, which legalized casino gambling in 2004, has been one of the biggest drains on Atlantic City in recent years. Neighboring cities and states have also legalized casinos in recent years, and gamblers now have choices that are closer to home. However, casinos were initially restricted to Atlantic City only, meaning that gamblers would travel from far and wide to come try their luck on the boardwalk. When New Jersey voted to legalize casino gambling in 1976, it became only the second state (after Nevada) to do so. This single biggest factor contributing to the decline in Atlantic City is the legalization gambling in surrounding states. What happened to the once-great gambling city? However, the Atlantic City gaming industry has suffered an unprecedented collapse over the past decade. Atlantic City was once the Mecca of American gambling east of the Rocky Mountains.

Atlantic city legalized casino gambling in