It’s Sink Or Swim for Atlantic City with Casino Proposals
The Atlantic City gambling scene is struck pretty difficult in modern times with workers fighting for better pay and lawmakers using aim at the casinos. As well as with terms like ‘bankruptcy’ being thrown around regularly, which includesn’t scared down newcomers. The latest rumors circulating is that two more casinos are scheduled to move up in New Jersey but opponents are being vocal, suggesting that those casinos could sink the whole industry in Atlantic City.
Last week, a panel at the East Coast Gaming Congress and iGaming Institute spoke on a proposal for 2 new casinos being rising in northern New Jersey, close to new york. The deal would involve the brand new casinos delivering $200 million to Atlantic City ( for a time frame), that they badly require. It could be the shot within the arm they have to save this classic gambling location. However, those who oppose this new casinos answer that they may have an effect that is adverse the prevailing casinos and that three to five regarding the eight which are in Atlantic City could close if these new ones open. In the end, Atlantic City is a destination however if there are some other – possibly better – casinos within the community that will take away business.
There are no places emerge rock of these new casinos, but the choice that is obvious at the Meadowlands Racetrack. This track is in East Rutherford and is known as the house associated with the New York Giants and New York Jets of the NFL, therefore the initial estimate is that a casino/resort combination at that location will surely cost $5 billion. (suite…)