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boomtown casino hotel biloxi msThat changed in 2007, when the city began what would be nine years of GGR losses.But now with two consecutive years of gains, collective growth of 1.55 percent in 2016 and 2.2 percent last year, casino operators are bullish on the beachfront town.Hard Rock is spending over 0 million to renovate the former Trump Taj Mahal into a rock ‘n’ roll-themed casino resort. Should Showboat reenter the gaming gray, the number would be 10.Blatstein was confident the Showboat could prosper without a casino. Too Fast, Too Furious?Numerous gaming analysts have opined that the closure of five gaming floors was a right-sizing for the town, as gambling continues to spread across the northeast and fewer visitors consequently travel to Atlantic City. foxwoods resort casino gambling ageThe hotel marketed itself as a reprieve from the nuisances associated with gambling, and even advertised pet-friendly stay packages.The resort also tried to host a weekly millennial-focused expo last summer, but the scarcely-attended series was short-lived. It hit Atlantic City especially hard, and its effects have lingered longer than in other parts of the country.As state governments have expanded gambling in an effort to find new sources of tax revenue, the Atlantic City economy has struggled to return to pre-recession prosperity.Prior to 2007, New Jersey’s gambling town had never posted an annual gross gaming revenue decline since the state legalized casinos in 1978. Stockton University first purchased the resort in late 2014 for million, but was blocked from opening the building as a satellite campus and subsequently sold to Blatstein.AC on Full BlastThe Great Recession was devastating for nearly every business sector and American. blackjack casino real money

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