Well with all the great vision in Atlantic City some 30 years ago, it seems like the bloom may very well be off the rose and the armor is starting to show it's vulnerability. Penn National Gaming, one of the Giants in gaming across the globe has announced that they will no longer be pursuing the development of a stretch of Route 30 in Atlantic City for a Gaming Casino.
This is just another sad story in what could have been a very bright path that Atlantic City should have taken during the course of 30 years. Sure the economy is very much to blame, but the powers to be and the inability to see the magnitude of which the casino industry has helped not just the region but the entire state has been abysmal. Now Pennsylvania and every other state is adopting casino legislation. The workers in Atlantic City casinos pressed for a smoking ban also making the casino's lose there competitive appeal. Add in the big fact that they won't allow Sports Books to run in casinos and it almost seems like Atlantic City wanted to fail.
Penn National Gaming's decision to not pursue this development is a frightening look and glimpse into the future of where Atlantic City is headed. Today a major casino developer pulls out. Tomorrow an existing casino goes out of business. The trend is too unbearable to think about.
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