As an Atlantic City native and an observer of the casino scene, I’ve gotten asked my opinion on what’s happening there. I’m glad to have the chance to write a column that summarizes how I feel. It’s a bit of a history lesson and a cautionary tale:
Atlantic City casinos prospered in those years because they were the only game not just in town, but in the entire eastern half of the country. Within five years of New Jersey voters approving gaming, nine hotel-casinos were in operation, drawing 19 million visitors to the formerly moribund seaside resort, employing 30,000 people, and pulling in more than $1 billion a year.
I’ll probably do some more writing about Atlantic City–well, that’s as sure a bet as there is–but this is how I feel about it right now.