Positive economic factors, including declining unemployment and rising wages, could lead to a better tourism season this year and set the table for a banner 2018, when Hard Rock Casino and Hotel Atlantic City and Stockton’s Gateway Project open. “This
Casinos are turning profits. Plans were announced recently for a $375 million renovation and reopening of Trump Taj Mahal by Hard Rock casino and Stockton University just broke ground on a satellite campus. A luxury apartment complex, the first to
Casino revenues remained stable last year despite the closure of the Trump Taj Mahal Casino Resort in October, according to casino gaming numbers released by the state Department of Gaming Enforcement Friday afternoon. Total casino revenue, including internet, gaming and
At its peak, Atlantic City had 12 casinos. Now, the Jersey Shore gambling and entertainment destination has just seven, the lingering result of the economic downturn as well as competition from neighboring states that have legalized gaming in recent years.
Atlantic City’s casinos saw their gross operating profits increase by 7.3 percent in 2016. Figures released Friday by the state Division of Gaming Enforcement show the eight casinos that began the year collectively earned an operating profit of more than
Things are starting to look up in Atlantic City, and Gov. Chris Christie is embracing it. The governor showed up to a press conference announcing the planned Hard Rock Hotel and Casino on the boardwalk, which will occupy the tower
The past 10 years have not been kind to the resort. Local economist Oliver Cooke has a name for it: “The lost decade.” Property values fell by a third, the casino industry shed more than 21,000 jobs and the poverty
After a lost decade, which featured a housing crisis, a recession, and the closing of five casinos, the resort’s redevelopment appears to be moving in the right direction, according to a biannual report released Tuesday. The South Jersey Economic Review,
The last few years in Atlantic City have been littered with casinos closing — including the last two that bore now-President Donald Trump’s name. Where the iconic seaside town, once the gambling hub of the east coast, had 12 casinos
How fitting the arrival of spring should find the greater Atlantic City community in good spirits. The signs of the city’s rebirth are pushing up like daffodils, reminders that with a little help people get through tough periods to flourish
The past three years haven’t been kind to Atlantic City. Five casinos closed, the city found itself in a $100 million budget hole with nearly $500 million in debt and was on its way to become the first city in
Atlantic County may have an unemployment rate about one-third higher than the national average and a foreclosure rate more than three times the national rate, but tourism data show improvement in the region. For the first time in five years,
The resort’s seven remaining brick-and-mortar casinos saw a 15 percent increase in revenues over January 2016, according to state gaming number released Tuesday afternoon. Casino gaming revenue at the seven properties totaled $204.7 million, according to the state. “A year
With no winter storm to compare to last January’s Jonas, Atlantic City’s casinos saw more patrons and produced more revenues last month. Tradition casino revenues rose to $185.9 million compared to $175.5 million in Jan. 2016, while online revenues climbed
Atlantic City’s casinos are off to a good start in 2017, with their January gambling revenue up 7.7 percent from a year ago. Figures released Tuesday by the state Division of Gaming Enforcement show the seven casinos took $204.6 million