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Land Casinos Hurting

The US economy has hit a serious rough spot over the past year and this means that the entire country has been thrown into a tailspin to an extent. The stock market has seen the worst numbers since the great depression and the unemployment rate in the US is on the rise. Even with the US government’s intervention, Americans are losing their homes to foreclosure and finding themselves without homes and without their jobs. All of the ills plaguing the economy right now meant that Americans are simply not even considering heading out to the casinos. Land gambling costs not only gas (which is at a premium) but encourages spending on food and alcohol as well as gambling money. Instead of the land gambling venues, gamblers are either putting their pastime on hold or heading to the online casinos – either way this means tough times remain ahead for Atlantic City.

GambleCraft has previously released extensive information about the losses at the land casinos in Las Vegas and throughout Nevada – Atlantic City is actually in the same predicament but with less publicity. The situation has gotten so bad in Atlantic City that September is now known as black September for the land gambling industry. According to information released by the Philadelphia Inquirer, the 15.1 percent decline in revenues for Atlantic City are the worst figures in the entire 30 years Atlantic City has been a land casino gambling epicenter.

Atlantic City offers land gamblers 11 premium casinos to choose from and is the “Las Vegas of the East” for many. But like the land casinos in Vegas, Atlantic City’s gambling venues have been hit hard by the sinking economy and this has forced the companies to layoff employees and scale back a bit.