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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 :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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