Will Atlantic City Make it Through These Tough Times? Should Online Gambling Be Made Legal to Help?
Every gaming man understand that the most common city to bet at on the west shore is Las Vegas and the most popular area on the east coast is Atlantic City. Now we are seeing the downturn hit even Las Vegas we know that no gambling town or city is more immune against this downturn. Even Atlantic City is beginning to feel the sting from the newly troubled economic times. Revenues have come in Atlantic city into the stage that many of the bigger hotels-casinos aren’t able to make their loan payments. One of those them that recently announced this really is Trump Enertainment hotels. It’s gotten to the interface at which Trump hotels is hoping to renegotiate with its own lenders. Many believe that nearly 1 / 2 of the enormous Atlantic City casinos could attempt to get some insolvency protection sometime next year.
If the legislation for online casinos would be much more laxed then nearly all of these bigger Atlantic city casinos would shift a domino99 fantastic portion of their revenues towards making online casinos and many up to date online casino operators realize that its far less expensive to use an online gaming site than it is for an offline or land based one. Another enormous Atlantic city casino that’s also in trouble is Harrah’s Entertainment Inc and they’re also in some type of deal to try and escape the recent economic downturn by shifting some of its long and short term debt. These are merely a few examples of the bigger land based casinos with trouble. Imagine what the bigger Atlantic City casinos are all going right through. Many analysts believe that most of those smaller casino outfits will not make it through the year 2009. Right now in Atlantic City its similar to a fiscal jungle and regulations in any kind of jungle is to survive.
I remember the often my parents had to take from our home in Brooklyn all the way across country to The boardwalk at Atlantic City so we could have fun at the many different entertainment venues that they had set for kids out there. I really am hoping that Atlantic City can get through these challenging times as I have many fond memories of it despite the fact that I go on the west coast.