[Villages PL]

Four Atlantic City casinos were closed and 8,000 jobs were lost so far. And a continuing ripple effect is expected.

Is there a lesson to be learned here? Yes. States should think twice before building their economies on a house of cards (pun intended).

[janmcn]

Originally Posted by Villages PL

Four Atlantic City casinos were closed and 8,000 jobs were lost so far. And a continuing ripple effect is expected.

Is there a lesson to be learned here? Yes. States should think twice before building their economies on a house of cards (pun intended).

Neighboring states thought about it and decided to get into the gambling business, thus ending the Atlantic City monopoly. There is no need to travel to NJ any longer to gamble, while casinos in CT and PA are thriving.

[njbchbum]

I understand that Jimmy Buffett also closed his casino in Biloxi, MS yeaterday. Seems the wave is not restricted to Jersey!

How do you believe that entire NJ state economy was built on casinos?

[EnglishJW]

Just as an aside. six of the casinos in NJ have and are continuing to do well. One of the ones that closed has always been profitable (there were other business reasons for it being closed). Unlike Vegas, Atlantic City has never really developed outside of the casinos. The explosion of lotteries, the opening of gambling in both other places and in other ways (e.g., online) continue to change as well.

[Paulz]

Not so for the CT casinos. Foxwoods has cut way back and is considering closing and Mohegan Sun paid 10 million in penalties in 08 shutting down an expansion project, after the foundation was poured. It will be interesting to see what happens when MA opens 1 or 2 casinos.

[justjim]

Proliferation of gambling across the U.S. has hurt business even in Las Vegas the better known gambling capital of the world. Too much of a good thing or bad thing often self destructs.

[2BNTV]

The closing of the casino's reflect a downward trend in people wanting to gamble at AC. There are other places that are closer for true gamblers. AC never had any other attractions to draw people, other than the boardwalk, but that was at the turn of the 20th century.

Just like any former popular place when patrons decide to take their business, somewhere else. Nothing more, nothing less.

[karostay]

Originally Posted by janmcn

Neighboring states thought about it and decided to get into the gambling business, thus ending the Atlantic City monopoly. There is no need to travel to NJ any longer to gamble, while casinos in CT and PA are thriving.

Don't forget Maine Has 2

[rubicon]

How far we have come from a majority that viewed gambling as an evil vice to casinos on every corner lotteries etc.

Law enforcement officials raided bookie joints, night clubs back alley dice games, until they got their cut of the action.

Off Track Betting was a hug business in New York and today it is shut down.

Lotteries are found at every gas station and grocery store and along side the lottery machine is a notice and phone number for Gamblers Anonymous .

Many people have finally figured out that they are not special and that God has not singled them out for greatness and riches and that a better way to get richer is to direct that gambling money to a savings account

[golf2140]

Atlantic City had NO hospitality. I would fly to Vegas before going to AC

[Bonanza]

Originally Posted by Villages PL

Four Atlantic City casinos were closed and 8,000 jobs were lost so far. And a continuing ripple effect is expected.

Is there a lesson to be learned here? Yes. States should think twice before building their economies on a house of cards (pun intended).

First of all, it is not the state that had anything to do with gaming going to a particular area; it was either a county thing or definitive area within a county. Once gaming was voted into an area, there were far more plusses than negatives.

Originally Posted by 2BNTV

The closing of the casino's reflect a downward trend in people wanting to gamble at AC. There are other places that are closer for true gamblers. AC never had any other attractions to draw people, other than the boardwalk, but that was at the turn of the 20th century.

Just like any former popular place when patrons decide to take their business, somewhere else. Nothing more, nothing less.

I disagree. Just too many casinos operating within a too small area. Put in other terms, there was a glut of casinos. When that many casinos close, it has nothing to do with that many people deciding to play somewhere else.

There are many "true" gamblers that still go to Atlantic City. Closer doesn't matter when a person has a favorite place because they are treated royally and they don't want to change where they play. It is a comfort zone with them and some even consider it status and like to brag about it.

What do you mean Atlantic City never had any other attractions other than the boardwalk??? Are you serious? Atlantic City had (and still has) beautiful wide beaches. It had the Steel Pier and rolling chairs on the boardwalk and beautiful hotels. It was a resort town second to none years ago and I'm not speaking about "the turn of the century." The turn of the century? Where did that come from? We aren't speaking about 1899 or even 1901. As a child growing up there, it was definitely on the map and a place to go!

Originally Posted by golf2140

Atlantic City had NO hospitality. I would fly to Vegas before going to AC

Atlantic City had no hospitality? What does THAT mean???

[nitehawk]

Originally Posted by Villages PL

Four Atlantic City casinos were closed and 8,000 jobs were lost so far. And a continuing ripple effect is expected.

Is there a lesson to be learned here? Yes. States should think twice before building their economies on a house of cards (pun intended).

Colorado ---- legalization of marijuana creates 9,000 jobs --------all states should learn from -----

[Chi-Town]

Originally Posted by nitehawk

Colorado ---- legalization of marijuana creates 9,000 jobs --------all states should learn from -----

Peyton Manning owns 21 Papa Johns franchises around Denver. Said business has been up lately.[emoji6]

[njbchbum]

[QUOTE=Bonanza;946457]First of all, it is not the state that had anything to do with gaming going to a particular area; it was either a county thing or definitive area within a county. Once gaming was voted into an area, there were far more plusses than negatives.




Sorry, Bonanza! The State had everything to do with it! It was a state-wide referendum that decided gambling specifically in Atlantic City and was NOT a local or a county "thing"!

From your favorite reference site:
"In 1974, New Jersey voters voted against legalizing casino gambling statewide, but two years later approved a new referendum which legalized casinos, but restricted them to Atlantic City.[10][11] At that time, Nevada was the only state with legal casino gambling. Resorts Atlantic City was the first casino to open in 1978.[12] As part of the state's budget showdown in 2006, gambling in Atlantic City's casinos and at racetracks in the state were forced to close after it was determined that the official monitors from the New Jersey Casino Control Commission were essential and New Jersey law stated that gambling establishments could not legally operate without state oversight. The closures cost the state an estimated $1.3 million in casino revenues in addition to the loss of state taxes collected on casino employee wages"
[Gambling in New Jersey - Wikipedia, the free encyclopedia'

And from an historical perspective piece:
The History of A.C.’s Gaming Decline | The Save Jersey Blog

[village dreamer]

n j needs to put casino up north,somewhere near rt 80. keep instate gambling instate.