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The Rise and Fall of Atlantic City Casinos: A History of Closures and Redevelopments

Atlantic City, New Jersey, was once the undisputed gambling capital of the East Coast. In its heyday, the city boasted a dozen glittering casinos that attracted millions of visitors each year. But the industry has been in decline for decades, and several casinos have closed their doors in recent years.

The Causes of the Casino Closures

The decline of the Atlantic City casino industry is due to a number of factors, including:

Competition from other gambling destinations: Las Vegas, Macau, and Singapore have all become major gambling destinations, drawing away visitors from Atlantic City.
The rise of online gambling: Online gambling has made it easier for people to gamble from the comfort of their own homes, reducing the need to travel to casinos.
The recession of 2008: The recession hit Atlantic City hard, causing a decline in tourism and gambling revenue.

The Impact of the Casino Closures

The casino closures have had a significant impact on Atlantic City. The city has lost thousands of jobs, and tax revenue has declined. The closures have also left behind vacant properties, which have become a blight on the city.

Strategies for Redeveloping Atlantic City

In recent years, there have been a number of efforts to redevelop Atlantic City. These efforts have included:

Attracting new businesses: The city has been trying to attract new businesses to fill the vacant properties left behind by the casino closures.
Developing new attractions: The city has also been developing new attractions, such as the Atlantic City Aquarium and the Hard Rock Hotel & Casino Atlantic City.
Improving infrastructure: The city has been investing in improving its infrastructure, such as roads and bridges.

The Future of Atlantic City Casinos

The future of Atlantic City casinos is uncertain. The industry is still facing challenges, but there are also signs of hope. The city has been making progress in redeveloping itself, and there are a number of new projects in the works. It remains to be seen whether Atlantic City can regain its former glory, but the city is determined to make a comeback.

Tables

Table 1: Atlantic City Casino Closures

Casino	Date Closed
Trump Taj Mahal	October 10, 2016
Revel	September 2, 2014
Trump Plaza	September 16, 2014
Atlantic Club	January 13, 2014
Showboat	August 31, 2014

Table 2: Atlantic City Casino Revenue

Year	Revenue (in millions)
2006	$5.2 billion
2007	$5.5 billion
2008	$4.9 billion
2009	$3.4 billion
2010	$3.2 billion

Table 3: Atlantic City Casino Employment

Year	Number of Employees
2006	35,000
2007	37,000
2008	34,000
2009	27,000
2010	25,000

FAQs

1. Why are casinos closing in Atlantic City?

Casinos are closing in Atlantic City due to a number of factors, including competition from other gambling destinations, the rise of online gambling, and the recession of 2008.

2. What is the impact of the casino closures on Atlantic City?

The casino closures have had a significant impact on Atlantic City, causing a loss of jobs, a decline in tax revenue, and the creation of vacant properties.