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Should Atlantic City Close Land Casinos In Favor Of Online Ones?
Tuesday August 19,2014 : ONLINE INSTEAD OF BRICKS AND MORTAR AT ATLANTIC CITY?
An interesting alternative from the New York Post.
With three Atlantic City land operators going to the wall this year and persistently declining revenues from the land gambling side, the New York Post suggested an innovative alternative this week...focus on internet and mobile gambling and shutter the land casinos.
The idea is not quite as tongue-in-cheek as it may appear; the newspaper outlines the billions that have been lost in trying to make a success of the bricks and mortar enterprises in AC as competition has mounted from new casinos in neighbouring states.
And, as New Jersey state Senator Ray Lesniak keeps reminding everyone, there is great potential for employment and taxes in creating an international online gambling bub in Atlantic City.
Opponents of such a revolutionary solution as shuttering land gambling will, however, point to the disappointingly slow take-off of legalised online gambling in the state since last November's launches, which have produced numbers that are not even close to the ambitious predictions last year of politicians and analysts.
The Post uses the soon-to-close Revel Casino to make a point on how much money has been lost, commenting that the $2.4 billion venture has received $261 million in state tax breaks and has still failed. It argues that the $261 million could have been spent paying $84,000 each to the 3,100 employees set to lose their jobs at the Revel.
To make matters worse, Deutsche Bank has predicted that the city will have only six casinos by 2017, the Post notes, observing that Atlantic City unemployment is high at 18 percent, and that median household income remains less than half of the rest of the state.
Attempts to introduce sports betting to boost the land gambling operations have failed after litigation and Governor Chris Christie vetoing the latest bill from the Legislature seeking to circumvent the federal PASPA
Gambling News :
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
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NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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