Why Vegas Prospers While Atlantic City Shrivels

Summer is drawing to an end, and with it, the height of tourist season. But some of the doors closing on Atlantic City’s boardwalk won’t reopen come next Memorial Day.

The Showboat Casino Hotel and Revel, one casino a 27-year-old institution and the other only two years old, have both shut down for good. Trump Plaza is slated to join them, and the Atlantic Club Casino Hotel closed last January. The Trump Taj Mahal is reportedly in precarious shape as well.

The conventional wisdom is that the Boardwalk Empire is struggling today because of competition from expanded gambling elsewhere in the Northeast. That is certainly a factor. The days of Atlantic City’s regional monopoly are over for good, and the effects are self-evident. The Washington Post has reported that the city’s overall casino revenues are at around half of where they were in 2006. (1)

But if increased competition were the entire explanation, the struggle would be more widespread. Casinos have spread from a few pioneering and out of the way locations to urban areas, such as Baltimore or Philadelphia, nationwide. The gambling industry as a whole is chugging along well enough.

Gambling, and the other diversions casinos provide, are components of the entertainment industry; that industry, by its nature, creates hours of amusement, but nothing tangible of lasting value. Although I would personally prefer to spend my time and money at an amusement park than in a room full of slot machines, other people feel differently.

But you cannot build an entire economy off gambling alone. Cities simply can’t live on entertainment, of any sort, without any other underlying economic activity. When you compare Atlantic City to Las Vegas, this principle becomes clear. You would expect expanded gambling venues nationwide to hit Las Vegas as hard, or maybe proportionally harder. But long-term visitor trends say otherwise. Over 39 million people visited Las Vegas in 2013, about 6 million more than visited in 1999. Atlantic City’s visitor total fell by about the same amount over that period.

What, then, is the difference? Las Vegas, although it makes a big part of its living from casinos, doesn’t rely on them exclusively for its success and continued existence. Nevada offers a favorable tax climate and, for those who can stand (or escape) the heat, a favorable living climate too, with only around 4 inches of rain a year. People hold business conferences there. People retire there. People set up their banking or trusts there. Businesses incorporate there.

New Jersey has both a miserable climate for business and a miserable climate for people. Despite a few mild ocean breezes in the summer, it’s mainly a damp, expensive place. And if you leave the casinos, you can’t help but notice the rest of the city is decrepit. It took until 2012 to get a supermarket. Nobody retires to Atlantic City.

Las Vegas isn’t a bigger Atlantic City. Las Vegas is Phoenix with casinos.

The need for Atlantic City to diversify its economy has not been lost on everyone. There is talk of trying to attract a four-year college and expanded retail investment, MarketWatch reported. (2) But a place where 8,000 workers have abruptly lost their jobs and 30 percent of the population lives below the poverty line is one that will face an uphill battle, especially with the headwinds of New Jersey’s overall business climate working against it.

To fix Atlantic City – or, for that matter, other New Jersey cities like Camden or Paterson or Newark – New Jersey’s leaders need to fix what’s actually wrong in the city and, more broadly, in the state. They can’t do anything about the weather, true. But until New Jersey becomes an attractive place to settle, build wealth and enjoy retirement, Atlantic City will never be another Las Vegas.

Sources:

1) The Washington Post, “Atlantic City’s decline continues as Revel, Showboat close up shop”

2) MarketWatch, “Atlantic City: How to save the Boardwalk Empire”

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.

Atlantic Monthly – The Magazine That Is Better Than A Youtube Newscast

In an ongoing column from a list of featured writers, we are covering the history and impact on a variety of magazines on American Culture. Our hope is to educate the consumer and business audience to subscribe to magazines even in the face of quicker news delivery via the Web.

The Atlantic Monthly (or The Atlantic) is one such magazine that has challenged and engaged America’s thought leaders since 1857. It has done this by covering a wide range of topics including arts, culture and technology as well as foreign affairs and the economy. This magazine offers its readers unique, in-depth editorial articles to challenge their patterns of thinking. It has been argued that ordering a magazine subscription to the Atlantic Monthly makes a lot of sense because it is consistently the most influential American magazine and our nation’s smartest read. The writers at this magazine writers offer readable, well thought out and researched accounts of the issues and opinions that preoccupy this country’s most sophisticated readers. This magazine is ideal for business and library subscriptions for discerning readers.

Even after a history lasting more than 150 years, the Atlantic Monthly remains the publication, which leads discussion on the most critical and contentious issues affecting modern America. The magazine is renowned for its behind the scenes, uniquely engaging and in-depth journalism. It brings to the discussion table many politically difficult topics and aims to provide ahead-of-the-curve insight on problems and challenges Americans face. This ensures that the Atlantic Monthly remains at the forefront of American dialogue on homeland and international affairs.

Writers at the magazine have built up and strive to maintain a unique combination of access to and insight into the way the world’s most influential people work. They also favor full exploration over fast reporting. This means that they have taken the time to investigate all of the topics presented in the magazine. You can use the facts and opinions presented as a basis for the work that you do, without worrying that they have been hastily gathered or not checked carefully. These pieces are used to support and add context to modern articles.

Does it makes sense that so many people want to read the number one rated magazine for influential thinkers? It does if you are they type of person that is interested to hear what nearly one-and-a-half leaders in the fields of business, opinion, policy and markets leaders and in our nation’s capital city read. When you don’t get enough from the Wall Street Journal or Newsweek and you find that are you looking for journalism, which is in-depth, behind the scenes and totally engaging, it makes perfect sense to look at The Atlantic. Subscription services online do a lot of business with this title and if you like reading well researched articles on a wide variety of topics that are very important to how the United States operates internally and in the modern international world, then you should consider adding this to your arsenal of knowledge.