Casino News Article of the Month: Casino
Nordica to Close Their Doors at Start of July
It should come as
no surprise that Atlantic City is on a losing
run (as one might say in the gambling world).
And while there were signs the last couple of
years that Atlantic City may be on a downward
decline (Trump Casinos being the most telling
sign of all), not even the most savvy casino
gaming analysts could have predicted that
every month of 2007 would be the brunt of a
continual decline of gambling revenue in
Atlantic City. And so it is that the casino
Mecca of the Eastern United States has
incurred a decline in revenue for the first
time in almost thirty years. Why now you ask?
Is it just coincidence that every month in
2007 has progressively lagged in performance?
Have gamblers finally gotten too smart for the
casinos? Well, as grand as the latter would
be, we all know the Casinos Edge will always
have its say over players. Considering the
successful track record of Atlantic City, it
would seem that 2007 should be another
successful year of profitable business for New
Jersey casinos. Upon further examination of
the scene, however, there are definite
occurrences that have been contributing to
Atlantic City's predicament. The most obvious
of these was the exiting of Sands Casino.
However, the fact that Sands felt pressured to
close their doors in the first place was
indicative of a decline that had already been
set in motion. The majority of analysts will
agree the big killer for A.C. has been the
expansion of the casino gambling industry in
nearby Pennsylvania. Two of the globe's
largest casinos already enjoy an excellent
stream of business, with even more casinos
scheduled to go up in the near future.
Atlantic City has a handful of casinos of
their own going up as well, although it
remains to be seen whether this will be enough
to pull the gaming giant out from its slump.