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Atlantic City in Freefall: How to Get People Gambling Again
January 11, 2009 at 3:19 PM |
by Victor Ozols
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1 Comment
The timing couldn't be worse for the ACES train. New Jersey Transit is launching its New York City - Atlantic City service on February 6, providing a long-awaited rail link between the east coast capitals of money-making and money-taking, but it looks like the money is drying up on both ends. As the AP reports, revenue at Atlantic City's eleven casinos was down dramatically in December, falling nearly 19% as compared with a year earlier and marking a bleak end to a disappointing year. Not only is everybody broke these days, but those who have a few bucks left have more options than ever to gamble them away, with new slots parlors in Pennsylvania and New York and big pushes by Connecticut casinos continuing to siphon away visitors.
