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brian christopher slots 2020Fitch Ratings recently opined that New Jersey’ 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. 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. firekeepers casino and resortThat 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. Fitch Ratings recently opined that New Jersey’The resort opened as a non-gaming hotel that June, with 872 guestrooms.The Press of Atlantic City reports this week that Blatstein is considering bringing back gambling. big fish casino settlement

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