Atlantic
City, the US destination which not so long ago lured many gambling enthusiasts
inside its casinos, is not so prosperous nowadays. This city was at its best in
2006, before the recession, when gaming revenues generated by casinos reached
$5.2 billion. Since then, gambling establishments in the region did not even
come close to collecting as much revenue as it did then. This comes as good
news though for neighboring states, like Pennsylvania, which has managed to
gain benefits from Atlantic City’s poor results and succeeded in becoming the
second largest gaming and betting market in the US in 2012.
Analysts are
explaining that Atlantic City may not revive in the near future, taking into
consideration that several American states are starting to expand their
gambling regimes. Massachusetts, New
York and Delaware are in the middle of various processes to develop new
gambling establishments which will force Atlantic City to make big efforts in
order to get ahead of the increasing competition.
Atlantic
City only collected $3 billion in gross gaming revenues during the previous year,
the lowest it has ever seen since 1991. Despite the fact that the land based
industry is struggling with poor results, casinos in the region are starting to
team up with casino software developmentcompanies in order to start online partnerships for New Jersey’s upcoming
internet gambling industry, which could eventually revive the Atlantic City
gambling market.
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