Posts Tagged ‘Tony Rodio’

Battered Atlantic City Seeking to Reinvent Itself

by , May 22, 2013 | 10:00 am

Atlantic CityThe Boardwalk can’t catch a break.

For the past two decades, Atlantic City’s casino industry has been under siege from gaming competition in neighboring states.

The Southern New Jersey seaside resort, where saltwater taffy was created in the late 1800s, which thumbed its nose at Prohibition in the 1920s and was the inspiration for the board game Monopoly, once owned the monopoly for casinos in the East.

But starting in the mid-1990s, Pennsylvania, Delaware, Maryland, Ohio, West Virginia and New York legalized gaming. The competition, combined with the recession, took away business and caused Atlantic City’s annual casino revenues to fall more than 41 percent between 2006 and 2012.

A comprehensive reform package pushed by Gov. Chris Christie in 2011 that created the Atlantic City Tourism District and focused new attention on boosting the city’s 12 hotel-casinos — nine on the famous Boardwalk and three in the Marina district — was just beginning to take hold in October.

Then Superstorm Sandy washed ashore.

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