Pennsylvania Now 2nd Biggest Gambling Resort In USApril 4, 2012 1:56 pm
Back in 1978, Atlantic City opened up its first legal casino to help revitalize the city’s declining economy. It then went on to become the second largest gambling resort in the US but that distinction currently belongs to Pennsylvania after it generated more gambling revenue than its neighbor last July.
This year has seen Pennsylvania casinos continue the trend with the first two months generating $515.7 million in gross revenue (slots and table games) to New Jersey’s $479.6 million, such that Pennsylvania’s gambling market has now grown to be worth $3.66 billion compared to $3.3 billion for New Jersey.
In 2006, Pennsylvania opened its first casino and now boasts 11 attractive new premises, while some of the casinos in Atlantic City are looking dated in comparison. Commenting on the situation, Member of the New Jersey Senate Jim Whelan, said:
“Obviously it’s not good news. We don’t like being passed, but I think it tells us we need to redouble our efforts. Some of our properties are frankly in need of renovations and in need of reinvestment. I think if we get that we will be right back where we belong.”
However, Atlantic City has some cause for optimism after its 6 year project to build a $2.4 billion mega casino finally reached completion this week with the opening of ‘Executives of Revel.’ The city’s 12th casino boasts views of the coast, to go with its 2,450 slot machines, 160 table games, 14 restaurants, 10 swimming pools and 5,050 seat theater. It will also open up a 1,898 room hotel later on in the year.
Another key factor in Atlantic City’s favour is its growing status as a well rounded family resort catering to entertainment activities away from gambling. As one of AC’s visitors commented, while prioritising his interest in the East Coast city :
“I like the boardwalk. I like the view. I like to look at the beach. Its really nice and I like the casinos.”