Contact Us
Make My Homepage

Atlantic Club, Revel, Showboat: Who’s next? [AUDIO]

How many casinos need to close before Atlantic City can start posting some pleasant revenue figures?

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Trump Plaza
Casino expert Roger Gros predicts Trump Plaza will be the next Atlantic City casino to call it quits. (Townsquare Media)

The resort town could go from 12 casinos at the start of 2014, to nine by the end of summer, but that still may not be enough to fix a market that’s been destroyed by competition in nearby states.

The Atlantic Club closed in January, Revel could be done at the end of next month without a buyer, and Showboat¬†intends to shut down on Aug. 31, but Roger Gros, publisher of Global Gaming Business Magazine, said more closures are necessary to “right-size the market.”

“The surprise is that Trump Plaza has not closed so far,” Gros said. “Trump Plaza needs to close, and probably one more casino needs to close.”

Gros cited a “gaming capacity” issue in Atlantic City, an issue that may have been noticed by casinos like Resorts and Tropicana, which turned parts of their casino floors into eateries and nightlife options.

“We have too many slot machines. We have too many tables,” Gros continued. “I’m expecting to see the actual number of devices downsized over the next couple of years.”

Mayor Don Guardian, following the announcement of Showboat’s impending closure, expressed sadness for the thousands of people who are losing their jobs in the city’s casino industry, but noted the city is gradually becoming a resort destination in which gambling is only part of a much bigger picture.

“The biggest indicator that Atlantic City is in the process of reinventing itself is that while gaming revenues are down our non-gaming revenues have increased,” Guardian said in a released statement. “Atlantic City’s best days are still ahead.”

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!