Can Atlantic City Casinos Beat the Economic Recession?

With the US economy in a full-blown recession, can Atlantic City and its casinos survive through the economic downturn? Atlantic City casinos make money by beating anxious tourists at the card-table, but now the casinos are playing a game with the free-market that could lead to their demise.

As you know, the economic figures released early this week prove the US is in a recession. With 2 straight quarters of negative growth, Americans are being careful with every dime.

As we reported earlier, Atlantic City All-Star Donald Trump is seeing the biggest slowdown in his casino business ever. The companies' stock is trading for just pennies.

In addition to the economic crunch, Atlantic City is hurting by increased competition from casinos located in Pennsylvania state. Players no longer have to drive out to AC to play their favorite casino gambling games.

According to gaming analyst Bill Burke, "I think Atlantic City will survive the recession, but don't expect them to do it via bailout".

"Atlantic City will find a way out of this recession - they will do it on their own", he went on to say.

With Americans cutting back on excessive spending, the casinos in Atlantic City will need to find a creative way to attract high-roller players if they wish to 'weather the storm'.

December 5, 2008
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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