Time running out for Atlantic City’s casinos

New Jersey Gov. Chris Christie, who solidly backed major assistance for the dozen casinos in Atlantic City when he was elected, proposed a five-year plan during which the casinos would have to show considerable improvement from the many months of declining revenues that preceded Christie’s election.
Now, that time is running out.
After four years, little improvement has been seen. In fact, there will now be one less casino with the closing of the Atlantic Club Casino Hotel.
With the beginning of 2014, Christie now says, “It’s a year when we have to show some significant results.”
Helping out this year is the addition of Internet gambling. But lurking in the background is another push to permit the Meadowlands racetrack on the New York City border to convert to a casino.


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