Nearly A Third Of The Casino Floor Space In Atlantic City Will Be Inactive By Year's EndOnly Eight Casinos Will Remain, Down From 12 To Start 2014 |
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This fall, after a series of four casino closings in Atlantic City, New Jersey this year, a whopping 413,700 square feet of gaming floor space will no be longer hosting customers.
That figure represents nearly a third of Atlantic City’s total, according to a report from The New York Times. Atlantic City will soon have just eight casinos.
It has been predicted that by 2017 the town will have just six.
Despite this, Republican Gov. Chris Christie, who, by the way, once estimated that New Jersey online gambling would have produced $1 billion in revenue for state-sanctioned gaming firms by July, said Atlantic City is not a disaster.
Christie, who is eyeing a possible White House run, said this week that the city no longer has a monopoly on casino gambling in the Northeast and that it needs to transform into a full-service resort town, the Associated Press reported.
In other words, Atlantic City needs to be more diversified like Las Vegas.
There have been talks of authorizing casinos in other parts of the Garden State. Christie had the option to sign a sports betting bill into law, but he didn’t because it would have circumvented federal law. So for now, no sports betting in Atlantic City.
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