![]() Levenson Institute of Gaming, Hospitality and Tourism at Stockton College in Galloway, N.J. “All of the casinos in Atlantic City were built for a market that was like Las Vegas – a destination – and that worked great for 28 consecutive years,” says Israel Posner, executive director of the Lloyd D. As legalized gambling has proliferated in neighboring states, fewer people have been drawn to the lights of the boardwalk. The city's reversal of fortunes has been driven by a confluence of factors, experts say, ranging from recession-hit individuals pulling back on entertainment spending to increased competition in the Northeast. The Atlantic Club shuttered in January, and Trump Plaza will close its doors Sept. Indeed, the East Coast version of “Sin City,” whose shady past has been the subject of HBO’s popular “Boardwalk Empire” series the past five years, will lose four major casino hotels this year and a total of 8,000 jobs, officials say – or a quarter of the city’s casino workforce. Revel ceased its gambling operations just two days after the popular New Orleans-themed Showboat Casino Hotel went silent on Sunday, after a 27-year run on the iconic oceanside boardwalk. ![]() It was the second casino to shut off its slot lights and sounds and call out “No more bets” this past holiday weekend. On Tuesday, the city came up short when the new luxury venue, the Revel Casino Hotel, shuttered its doors after just two years. Atlantic City bet big when it planned a new $2.4 billion gleaming glass casino during its mid-2000s boom. ![]()
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