Events Test Atlantic City Regulators

Flush with investment but facing declining revenues, Atlantic City’s casino industry is approaching a critical juncture. However, financials aside, recent difficulties involving the Tropicana and Borgata casinos demonstrate that Atlantic City’s regulators are prepared to make tough decisions.2007 has been a challenging year for Atlantic City’s casino industry. Casino revenue in the resort had always demonstrated steady growth year-on-year since the first casino opened its doors in 1978. However, revenue for this year, the first since the introduction of anti-smoking restrictions in Atlantic City casinos and the introduction of slot machine gaming at racetracks in neighbouring Pennsylvania, is down 5 percent on the first ten months of 2006.

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