Tag: Atlantic City jobs
Atlantic City’s losing streak: More states compete for gambling revenue & jobs
August 21, 2013
Washington Post – The billboard hard by the Atlantic City Expressway is supposed to speak for a single casino, not an entire company town. But Revel Casino Resort’s marketing slogan resonates loudly throughout this struggling seaside resort. “Gamblers Wanted,” it says. And how. Atlantic City, the erstwhile East Coast gambling mecca, is on an epic losing streak; over the past six years, competitive and economic forces have crushed the local casino economy, driving revenue down more than 40 percent. Once, the city that inspired the board game Monopoly had its own gambling monopoly on this side of the country. Now,…