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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



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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