Atlantic City – Decline and Fall of Gambling

Atlantic City has fallen on such hard times that bankruptcy chatter permeates the air. The city’s primary industry, gambling, has been decimated as newer casinos in nearby states have lured gamblers away from the New Jersey shore with its famed boardwalk.

New Jersey Governor Chris Christie is not taking this turn of events lying down. He has appointed a turnaround team, including former Detroit emergency manager Kevyn Orr, to review the alternatives. Is this only a step away from an autopsy? After all, Kevyn Orr is the guiding light who launched Detroit into bankruptcy.

Truthfully, can anyone perform magic on a city that saw 4 of its 12 casinos close last year? Then there’s the Trump Taj Mahal, which barely avoided closing, remains on life support, and is seeking a white knight investor. Caesars Entertainment, which owns Bally’s Atlantic City and Caesars Atlantic City, filed for bankruptcy last month.

“No one should expect that the appointment of a very competent fiscal manager is the solution for Atlantic City,” said Peter Reinhart, professor and director of the Kislak Real Estate Institute at Monmouth University, as it would not solve the underlying problems of a stagnant tourism and casino industry.

Besides the downward spiral of casino gambling, there is also the threat of online gaming. You can now add New Jersey to the number of states who allow online gaming. The Garden State joined Nevada and Delaware as the only states with legalized online gambling, and is now the biggest in population.

How does that impact destination gambling? It doesn’t help. However, many don’t go for gambling alone. The resorts offer shows, seminars and conventions — both for recreation and business. Ultimately, the casinos may be the biggest winners because as it now stands, online gambling web sites must operate through casinos. But, for how long? And, as states seek revenue, some will inevitably turn to online gaming as a source to help fill their coffers which may prompt them to loosen this restriction. Anytime a gambler can place a bet online rather than having to go to a physical place is one less gambler available to all casinos, including Atlantic City casinos.

Atlantic City is a town of 40,000 people, 48 blocks long, three-quarters of a mile wide at its widest. Its budget is about $270 million. About one-third of its residents live in poverty. More than two-thirds of its adults age 25 and older have a high school diploma or less. Atlantic City remains the only place in New Jersey where casino gambling is legal.

Is any casino doing well? “Well” may be a relative term. The casinos left are, at least, still open. They are the Borgata, Tropicana, Resorts, and Golden Nugget. The decline started in 2007, the year after Pennsylvania opened slots. Within four years, Pennsylvania bumped Atlantic City out of second place behind Nevada in annual gambling revenue. In 2013, Pennsylvania’s gross gaming revenue was $3.1 billion. There is also competition from New York which allows gambling in the Catskills and various counties.

No matter how you look at it, hiring a turnaround team knowledgeable in municipal bankruptcy is a sign of Atlantic City’s times.

The Best Pet-Friendly Hotels of Atlantic City

Atlantic City is a seaside city, offering non-stop entertainment for its visitors, regardless of age. Atlantic City has world-class fishing areas, sandy white beaches and golf courses, particularly for those who love outdoor activities and luxurious casinos as well as other gaming facilities.

Spend enjoyable nights playing low-stake slot machines or high-powered poker in some of the amazing pet-friendly casino hotels around the city.

Children and adults will love playing in the amusement parks and arcades. You can visit shops offering all kinds of wares and go to the famous boardwalk. Atlantic City is definitely a city everyone will adore, including pet lovers.

Although there are some rules to follow, you don’t need to worry about tagging your pet dog or cat along because the city has numerous pet-friendly hotels you can choose from.

Sheraton Atlantic City Convention Center Hotel
The Sheraton Convention Center Hotel is located in the middle of the busy shopping complex, the famous boardwalk and lively casinos. This 502-bedroom, 16-floor hotel is just a few steps away from these destinations.

It offers high-speed internet communication which is very convenient for even business travelers.

It also offers can-rental services, convention amenities, along with dry-cleaning services, data port, meeting rooms, and business centers. Provided also are dining rooms, wheel chair access and swimming pools, as well as golf, fitness facility, and family rooms.

They allow pets inside the rooms. Visitors do not have to pay an extra amount for their pets to stay in the hotel. Only dogs can be tagged along, with a maximum weight of 80 lbs only.

Residence Inn by Marriott Atlantic City Somers Point
Just approximately 15 miles from the Atlantic City International Airport, the 120-room hotel is conveniently accessible for travelers. Furthermore, it is a mere 3 miles away from the beautiful beaches.

It is also located very near the casinos and local attractions like shopping malls and boardwalks. Although a little farther away, it is still very accessible to the Cape May County Zoo, the Wildwoods and the historic Cape May.

Hotel visitors will enjoy amenities like a complimentary breakfast, valet/ laundry services, as well as fax/photocopy services, free newspapers, dinner delivery services from local restaurants and free onsite parking services. There are also limited business services and an evening manager’s reception. Also enjoy free use of the outdoor pool and solarium.

Guest suites also feature distinct living areas, dataports, voicemail services, along with internet access, coffeemakers, cable TVs and ironing services. You can also avail of dry cleaning services, hairdryers and kitchenette with microwave ovens and a refrigerator. Sports lovers will also love the tennis court other game facilities.

The hotel enforces strict no-smoking policy. Pets are allowed but comes with a fee.

Econo Lodge Boardwalk
Econo Lodge Hotel is conveniently located right in the center of the casino district and is a mere 2 blocks away from the boardwalk. It is relatively small with only 51 rooms in a 4-floor building.

Though small, it has a swimming pool and free parking. Accommodations come with complimentary breakfast. It also has a non-smoking area, free high-speed internet, as well as free local calls, economy and family rooms.

Pets are allowed without restrictions but visitors will have to pay a certain fee.

Sheraton Atlantic City Convention Center Hotel

The Sheraton Atlantic City Convention Center Hotel is a spectacular 15-story structure which houses 502 fabulous guest rooms and 24 amenity filled suites.

Along with the twenty-seven thousand feet of meeting space, the 19 meeting rooms and a 800-1200 seat ballroom and banquet center, the Sheraton is indeed the place for any sort of business conference or big event you may be planning in the Atlantic City area.

Located on Atlantic City’s famous boardwalk, the Sheraton can meet all of your convention as well as your vacation needs. Rooms offer amenities such as high-speed Internet access and the option of in-room dining.

The Sheraton also provides a VIP exclusive experience, which provide guests with a private club lounge, continental breakfast and evening hors d’oeuvres.

As for dining experiences, you can’t go wrong when dining in one of the Sheratons Atlantic City convention center hotel restaurants. The Boulevards’ Cafe offers a breathtaking dining experience. With a view of the Atlantic City skyline, the cafe offers a delectable breakfast and is also available for private functions.

For lunch and dinner, the Tun Tavern is a popular brewery and restaurant in Atlantic City. In fact, it holds prestige as being the first brewpub in A.C. With award winning casual cuisine and their handcrafted brews, the Tun Tavern has what you are looking for in a dining experience.

The Shoe Bar is also located in the Sheraton Hotel Atlantic City Convention Center. In this stylish bar you can enjoy cocktails and light appetizers. You can spend a quiet evening with that special someone or just put a relaxing end to your busy day.