Atlantic City Casinos: Worse Than You’ve Heard

Reports that Atlantic City’s casino’s are in serious trouble don’t tell the half of it, according to our source. He reports as follows:

“It’s really a lot worse then the news stories would suggest. I have upper management contacts inside a few halls, and they’ve told me the published numbers are really the best face they could muster. In reality, Atlantic City is toast if this continues much longer. The Recession is keeping people near home in Pennsylvania, and with new slot-shops opening nearby, they won’t be back. Atlantic City fumbled the ball badly. I blame the state and city government for allowing a few big operators to destroy the rest of the town. Now they’re talking about how they need main street attractions to bring back the tourists, but most everyone closed or sold their family businesses and left long ago. Why would anyone come to this town ? It looks worse then it did in the 70’s — nothing but massage parlors, gold shops and cheap ethnic restaurants ( it looks like Tijuana in the 1960s ). And to top it all off, you can’t even see the ocean from the Boardwalk anymore. They might as well have built everything back on the marshes.”