Atlantic City is a resort city in the Atlantic coastal plain of the United States at the southern end of the Jersey Shore. Atlantic City was founded in 1854 and grew rapidly to become New Jersey's first and second most populous city, behind Newark.
The first casino, the Barbary Coast, opened in Atlantic City in 1978. The city has been called "the ultimate playground for gamblers" by TIME magazine. In 2009, Time named Atlantic City one of the "Top 10 Casino Towns For 2010".
It was a popular vacation destination for many years, attracting numerous entertainment venues and large casinos. The last two decades have seen a major decline in gambling, although it still remains an important manufacturing center. Atlantic City has faced hard times in recent years due to competition from newer resorts opened on the Las Vegas Strip and elsewhere, as well as problems with debt collection efforts by its former property tax collectors and due to its growing non-gaming tourism sector which has benefited from its proximity to Philadelphia.
Gambling in Atlantic City
Gambling in Atlantic City dates back to at least the 17th century. The first casino was established in 1651. Casinos were legalized in 1977, but were not built for another two decades. In 1978, Resorts International opened the first casino in Atlantic City and became the catalyst for an explosion of gambling on the Jersey Shore.
Atlantic City is known as one of the "gaming capitals" of the United States because its 13 casinos accounted for more than 35% of all gaming revenues in 2009, with over 12 billion dollars profit.
How did Atlantic City change?
In the early years of Atlantic City's history, it was a low-income, Victorian seaside resort town. However, the city began to change in the mid-20th century and became known as a world-class vacation destination when casinos were legalized in 1978. The most recent changes have been caused by competition from newer resorts on the Las Vegas Strip and elsewhere, as well as problems with debt collection efforts by its former property tax collectors and due to its growing non-gaming tourism sector which has benefited from its proximity to Philadelphia.
The decline of Atlantic City
Atlantic City's importance as a gambling destination declined with competition from Nevada, as well as the opening of casinos in Pennsylvania and Maryland. The opening of gambling resorts on the Las Vegas Strip in neighboring states led to a decline in tourism, which had been a major source of income for Atlantic City for many years. This has also resulted in increased crime rates and tax delinquencies, prompting Governor Chris Christie to order the city into bankruptcy in 2014.
We can see from this brief history lesson that Atlantic City has faced significant challenges. These challenges have forced changes in the way that Atlantic City operates, but it is still one of the most important cities in the United States because of its proximity to Philadelphia and its historic ties to New Jersey.
This is a problem that has been growing in recent years and has led to Atlantic City's decline as a major tourist destination. The casino industry, which was once the backbone of Atlantic City's economy, has seen a decline in revenue as more and more people are choosing to play games and visit casinos online. On top of this, there have been reports that illegal casinos have been moving into the area with help from organized crime figures, putting local residents at risk for robberies and other crimes like drug dealing. Another idea is to revitalize the city's tourism sector, which continues to grow despite competition from other areas because it remains one of the most accessible locations with easy transportation options.
The city has also seen an increase in Airbnb rentals, which is another potential outlet for tourism expansion. With a skilled workforce and proximity to Philadelphia, Atlantic City could benefit from increased tourism if it chooses to invest in marketing efforts.
Atlantic City is a major destination for travelers who are looking for that thrill. The city has a long history of gambling, and the economy is based around tourism and gambling.
However, Atlantic City has recently seen a decline in tourists, as well as an economic downturn that has hurt its businesses.
Much of this decline can be attributed to the effects of "the gaming explosion." This was the term used to describe the rapid rise in the number of casinos in Atlantic City from 1999-2007, which led to an influx of people who were not from the area and were only interested in gambling.
The casinos made the city a destination spot for people looking to have a good time. However, with so many casinos in Atlantic City, competition became fierce. The casinos eventually began to close down as they could not support themselves economically.