Atlantic City was once New Jersey’s largest tourist attraction. As the first city to provide gambling outside of Nevada, it provided those on the East Coast a place to vacation on the beach and gamble.
But the city has seen hard times these past few years; five of the city’s 12 casinos closed between 2013 and 2016, and Atlantic City’s unemployment rate is 6.3% (well above the national rate of 4%).
Just this May, the Trump Taj Mahal — which originally opened in 1990 — sold for four cents on the dollar. While its buyer, Hard Rock International, read more >>>
Source : BusinessInsider.Com