With all of the news of its casino closures, including the $2.4 billion Revel Casino Hotel, it may not come as a surprise that people may think Atlantic City has been left for dead. After all, revenue in the city that once monopolized gaming in the Northeast fell from nearly $6 billion in 2006 to $3 billion just last year.
And, a city that once prided itself on its casinos, has seen their number dwindle by three with a fourth casino on the brink of closing: The Showboat closed on Aug. 31, Revel closed Sept. 2, Trump Plaza on Sept. 16 and the Trump Taj Mahal may close on Nov. 13 if it can't lessen its debt.
However, a recent trip to the troubled casino town shows that all may not be lost, as up to $1 billion in economic development is being invested into the town — investments that are either already completed or are expected to be completed within two years. Read the full story here
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