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July 22, 2014

Lessons from Atlantic City's casino crash

  • A gaming expert from the University of Nevada Las Vegas said casinos around the country could find themselves in a similar situation — and soon.
    • By WAYNE PARRY
    Associated Press

    ATLANTIC CITY, N.J. — The rapid disintegration of Atlantic City's casino market might be an early indicator of what could happen in other parts of the country that have too many casinos and not enough gamblers.

    In the 36th year of casino gambling in New Jersey, which not too long ago had a monopoly on the East Coast, the casino industry is crashing with a suddenness and a fury that has caught many people here by surprise. It started the year with 12 casinos; by mid-September, it could have eight.


     
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