Click on a casino to learn more about Atlantic City’s possibly bleak future.
The city once dubbed “The Lungs of Philadelphia” is facing respiratory failure.
Four of Atlantic City’s 12 casinos have closed or announced closing since the beginning of the year: The Atlantic Club Casino Hotel closed in January; the Showboat will close Aug. 31; Trump Plaza will close in September; and the Revel, a $2.4 billion property touted by New Jersey Gov. Chris Christie (R), may close in August if it can’t find a buyer.
The cause of A.C.’s woes isn’t mysterious. When the city welcomed gaming in 1976, it was the first American city that wasn’t outside of Nevada in the market.
Since then, gambling’s gone national. Among new competitors include casinos along many of the highways that carry tourists to the shore: Philadelphia’s Parx Casino, Delaware Park, Harrah’s in Chester, Pa., Perryville, Md.’s Hollywood Casino and Anne Arundel County’s Maryland Live.
Now the city’s gaming revenue is less than half of what it was just two years ago — and about one-quarter of its peak in 2006.
Is Atlantic City “the next Detroit“? Which casino will be next on the chopping block?
Check out Atlantic City’s future in the handy map above — but don’t bet the house on this city’s future solvency.
(Correction: An earlier version of this post inaccurately stated the location of Maryland Live casino and the status of gaming in the U.S. in 1976. It has been corrected.)