It’s Sink Or Swim for Atlantic City with Casino Proposals

It’s Sink Or Swim for Atlantic City with Casino Proposals

The Atlantic City gambling scene is hit pretty hard in the past few years with workers battling for better pay and lawmakers taking aim at the gambling enterprises. As well as with terms like ‘bankruptcy’ being thrown around regularly, who hasn’t scared off newcomers. The latest rumors circulating is that two more casinos are planned to go up in New Jersey but opponents are being vocal, suggesting that those casinos could sink the whole industry in Atlantic City.

A week ago, a panel during the East Coast Gaming Congress and Institute that is iGaming spoke a proposal for just two brand new casinos that are rising in northern nj-new jersey, near to nyc. The deal would include the brand new casinos sending $200 million to Atlantic City ( for a time frame), which they defectively need. Maybe it’s the shot into the supply they should save this gambling destination that is classic. Nevertheless, those that oppose the latest casinos response they may have an effect that is adverse the existing casinos and that 3 to 5 regarding the eight which are in Atlantic City could shut if these new people available. Most likely, Atlantic City is really a destination but if there are some other – possibly better – casinos within the neighborhood that may remove business.

There are no locations occur stone of these brand new casinos, nevertheless the choice that is obvious at the Meadowlands Racetrack. This track is in East Rutherford and is referred to as house associated with New York Giants and New York Jets of this NFL, plus the initial estimate is that a casino/resort combination at that location will surely cost $5 billion. Continue reading