Atlantic City Casinos Watch as Online Casinos Rake it In
by Edward Rogers, News Staff Writer
August 14, 2009
The high up's in Atlantic City and Las Vegas have got
to be wondering if their resistance to regulate online
casino gambling in the United States had been a bad
move. No doubt it's been a costly moves, for just as
steadily as the revenue continues to dwindle month by
month in Vegas and A.C., certain U.S. facing online
casinos are doing better than ever before.
Atlantic City casinos are especially facing tough
times right now. A July report shows that monthly
revenue was down a staggering 13% compared to the same
time period in 2008. Granted much of this loss can be
attributed to a sluggish economy and the opening of
several casinos in neighboring Pennsylvania. However,
the allure of online casinos cannot be denied.
Pennsylvania and Connecticut casinos, such as Foxwoods and Mohegan Sun, are also seeing
a big drop in revenue.
Even with a reversal on anti-smoking laws late in
2008, more gamblers are staying clear of brick 'n mortar
casinos. I mean, if you can't draw gamblers in with
something as addictive as nicotine, then you know
Atlantic City casinos are in serious trouble.
Quite frankly, these players are smoking in their
living rooms, in front of a computer screen. It really
is a no-brainer when you stop to think about it. Said
one Atlantic City. insider in a recent news article, "...when
gamblers realize how much they can save in
transportation and rooming, not to mention the fact they
can get better odds online, it's no wonder they are
hitting up the online casinos."
Adding to the problem is the fact that Atlantic City
casinos are turning decrepit. The Tropicana Casino recently lost
it's licenses over maintenance problems, while the Trump
Marina was recently cited as using pots and pans to
solve leaky roof problems.
At least Las Vegas has something to offer in terms of
vacationing and resort style getaway's. Atlantic City,
on the other hand, should take a close look at Coney
Island and do something quick. And if that means
supporting online gambling regulation so as to get their
branded names out in the virtual world, then so be it.