Atlantic City gaming win plummeted from its record $5.2 billion high in 2006, to $2.5 billion in 2015. Last year’s $2.6 billion marked the city’s first annual gain in more than a decade.<\/p>\n
Earlier this year, Golden Nugget General Manager Tom Pohlman credited the reduction in gaming options for the stabilization and recovery.<\/p>\n
\n“The Atlantic City market has right-sized itself to the point where we’re not over-saturated anymore,” Pohlman stated. “I’d like to think things had hit rock bottom and we’ll get better from here.”<\/strong><\/p>\n<\/blockquote>\nAdding 2,400 slot machines and 130 table games, Hard Rock Atlantic City will pressure the tourism industry and require more monthly visitors to the Boardwalk in order to continue the gaming rebound.<\/p>\n
New Atlantic City<\/b><\/h2>\n
Hard Rock won’t be the only new face in town in 2018, as Mayor Don Guardian (R) was ousted by challenger Frank Gilliam (D) during this month’s elections. The mayor-elect is a current city councilman who is seeking to protect Atlantic City’s monopoly on gambling in New Jersey.<\/p>\n
Casino Control Commission Chairman Matthew Levinson is also out after Governor Chris Christie (R) replaced him with James Plousis<\/a>. And in Trenton, the next governor is Phil Murphy, a Democrat who favors bringing casinos to north parts of the state in order to create jobs and keep gaming dollars in New Jersey amid expanded gambling in New York, Connecticut, and Pennsylvania.\u00a0 \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Online gambling once again helped the seven remaining Atlantic City casinos post a positive monthly gain. The internet sites generated $20.6 million in revenue last month, a more than 23 percent increase compared to 2016. The strong month takes year-to-date internet gaming win across the $200 million threshold to $204.2 million, the first time New […]<\/p>\n","protected":false},"author":42,"featured_media":63241,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Online Gambling Fueling Atlantic City Rebound, Casinos Up in October<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n