Atlantic City Casinos Face Financial Crisis: Increased Competition Hurts Casino Revenues

Topics:
Gambling
Tags:
Associated Content,
Atlantic City,
Casino,
Finance,
Financial,
Operational Accounting,
Revenue
Source:
Associated Content

FREE Registration is required

Overview: Since gambling was first legalized in New Jersey in 1978, the casinos of Atlantic City have faced more than their fair share of obstacles. They have endured hurricanes, blizzards, and the collapse of a parking garage. The casinos were even closed due to a State budget crisis, and more recently the city has been plagued by a serial killer targeting prostitutes. Despite all of this, gaming revenues at the casinos have always skyrocketed, increasing each year, until now. Atlantic City currently faces increased competition from slot parlors in neighboring states, such as Delaware and Pennsylvania, as well as the closing of one of the city's casinos. It is also uncertain how much the new smoking ban will impact gaming revenues in Atlantic City.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Feb 2007

People who downloaded this item also downloaded

White Paper How To Make Money Gambling
White Paper A Simulation Case Study of Production Planning and Control in Printed Wiring Board Manufacturing

Top results from Gambling

Case Study Digital Surveillance System Ups the Ante on System Availability; Liebert Delivers the Solution
White Paper Dining and Restaurants
Case Study Argosy Gaming Company
White Paper Consultation - Gambling Act Proposed Minimum Standards for Gambling Equipment
White Paper Draft Gambling Bill

» View all Gambling listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).