Atlantic City regulators have watched revenue slip at New jersey casinos over the past few years, and the regulators have decided to take matters into their own hands and clean up the casinos.
The latter stages of 2011 provided some hope for struggling Atlantic City casinos, but the revenue for the entire year was down 7.4%, to $ 495 million.
The new Revel casino in Atlantic City is expected to revive a struggling gaming industry, and the elaborate plans for the grand opening on Memorial Day weekend now include Beyonce performing the first-ever concert at the facility.
An expert explained to New Jersey lawmakers on Monday that online gambling would be legal under the state constitution so long as the servers for the online casinos were located in Atlantic City.
The ACES train system was supposed to bring gamblers from New York to Atlantic City during the economic recession, but the overwhelming cost to operate the system has caused its demise this week.