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Atlantic City

In: Other Topics

Submitted By AnupD
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ATLANTIC CITY
A brief history:
Atlantic City was a resort for a working class. With the opening of a railroad and a beautiful boardwalk it was booming town for 50 years. The city was always one-industry town completely dependent on tourists. But when prohibition ended in 1933, there was less reason to come here. Also after world war two things started to decline in terms of number.
Atlantic City needed something to draw the crowds back, so in 1976, New Jersey passed a law allowing casinos here. And for a while, gambling worked.
Casinos were salvation for the Atlantic City. For years, Atlantic City enjoyed a monopoly on gambling on the East Coast. But that salvation was temporary, in the mid2000s, the city’s luck turned along with the nation’s economy and gamblers abandoned
Atlantic City. So what were the possible reasons of the fall of Atlantic City?

Possible reasons of the fall of Atlantic City:
The important factor contributing to the decline of the Atlantic City is the legalized gambling in surrounding states. At the beginning casinos were restricted to Atlantic City only gamblers had no choice but to travel from far and wide to come try their luck on the boardwalk. Pennsylvania legalized gambling in 2004, this event must be one of the biggest drains on Atlantic City in recent years. Why would New-Yorkers travel 130 miles to Atlantic
City after long work week to gamble in Atlantic City when Las Vegas Sands Corp. Sands
Casino in Bethlehem, Pennsylvania is just 80 miles away? Atlantic City was second largest gambling market in the country. Now Pennsylvania gambling market has overtaken second place. And it’s not difficult to see how Pennsylvania’s rising gambling revenue and Atlantic
City’s falling gambling revenue are directly related.
Ok, now we came to know that there was too much of competition but what made
Atlantic City lose in it? It

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