Casino News: Land Based Casino Industry in Atlantic City at alarming downfall

Atlantic City officials are concerned about the future potential of Land Based Casino Industry in Atlantic City since its inception thirty years ago. Certain deterioration is experienced so far in business for the year 2007. This created some sort of panic amongst the officials. First day of 2007 started with a fear when New Year’s summaries that were made noticed certain deterioration in the business potential. Since then, land based casino official became very much worried about the future of land based casinos.

It is very important to begin an inquiry & planning a new business proposal to judge the exact reason behind this sudden decline in the business. This will help the land based casino industry in Atlantic City to escape form downfall. There are several Neighboring states such as Delaware and Pennsylvania, offering their slot machines at their own land based casino venues. These land-based casinos are certainly pulling away the gambler’s crowd from New Jersey, Atlantic City. In addition to that, the ‘NO SMOKING’ rules are also keeping the gamblers out of the land-based casinos.

Atlantic City is heavily dependent on taxes come as revenue from land based casinos based in the city. This has become a tradition now. So, it would be a difficult situation to overcome, so the influence would be there without any doubt. According to a top official of a land based casino: “There will be an impact, no doubt.” Slot revenue has experienced the maximum fall comparing any other game of land-based casino. The neck-to-neck competition with the neighboring states’ venues is a major concern".