The Gambling Macau – Will it last?
Given the nature of problems that seem to have beset the U.S. Economy of late, it is only natural that Atlantic City feels the brunt of these economic downturns to a certain degree. In addition to the economic woes, there is always the specter of stiff competition from states like Pennsylvania, whose casinos often cut into Atlantic City’s customer base. The casino revenue as well as takes from the slot machines have already fallen by 5% with more to come next year, especially if the situation does not improve, economically, that is. There are quite a few new buildings making waves on the block but what is in the news is not what is being built, but rather, what is not. On account of the current ‘bearish’ season, the Pinnacle Entertainment Inc’s planned Atlantic City casino will now open no sooner than 2012, the delay could extend much beyond that if the current situation does not improve. The Revel Casino project has currently run into some trouble with the financing part and is actively seeking some more, as they need to open up by 2010. One of the projects that did manage to get off ground with some finesse was the “Water Club”. The new hotels and spas that have made a debut in the Atlantic City scene are quite keen to stress that city has more to offer than just legalized gambling. But whether they want it or not, the future of Atlantic City as a gambling Macau , certainly seems to be on the cards for real.
Related Links:
