After years of struggle, it seems the casinos of Atlantic City are finally on an upward trend. One official associated with the gaming industry has now stated that the casinos of the gambling city are showing positive signs of growth.
Atlantic City’s casinos saw their gross operating profit increase by more than 30 percent in the first three months of 2017. Figures released on Monday, May 22nd, by the New Jersey Division of Gaming Enforcement show the seven casinos posted
After years of struggle, it seems the casinos of Atlantic City are finally on an upward trend. One official associated with the gaming industry has now stated that the casinos of the gambling city are showing positive signs of growth.
After months of good news from Atlantic City’s recently struggling casinos, a top New Jersey gambling regulator made a bold proclamation Monday: Atlantic City’s casinos are healthy once again. Matt Levinson, chairman of the New Jersey Casino Control Commission made
After months of good news from Atlantic City’s recently struggling casinos, a top New Jersey gambling regulator made a bold proclamation Monday: Atlantic City’s casinos are healthy once again. Matt Levinson, chairman of the New Jersey Casino Control Commission made
Atlantic City casinos in April produced another of those months where their numbers went up, or not, depending on your choice of accounting. Revenues rose by 5.8 percent over April 2016 if you count the dollars from the seven surviving
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