Atlantic City’s Bad Gamble

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More than a year ago, Revel, the last casino to be built in Atlantic City in nine years, opened its doors to the public. At the time, Revel’s future seemed rosy: Its first weekend saw Beyonce’s triumphant return to the stage after giving birth to her daughter Blue Ivy, and revenue forecasts—albeit based on nothing but conjecture—were positive. Even Michelle Obama and her daughters showed up for the opening festivities. In fact, Revel’s appearance on the shore was said to sound the death knell for Atlantic City’s smaller casinos, which had been having problems generating revenue.

Read the full article at The Atlantic Cities here.

I was also invited to partake in a panel discussion on the role of casinos related to modern urban development by HuffPostLive.  We were interrupted by breaking news, but talked for around fifteen minutes.  You can watch the discussion here.

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Photos: K. Scott Kreider.

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