Atlantic City and Las Vegas facing catastrophic collapse
Dec 24, 2013 13:55:36 GMT -5
Post by popcorn on Dec 24, 2013 13:55:36 GMT -5
The next Detroit? Atlantic City and Las Vegas facing catastrophic collapse
MYFOXNY.COM - With the closure of the recent Atlantic Club Casino Hotel, rumors of the bankrupt Revel being sold to Hard Rock, more than half of the mortgages in Las Vegas under water, casinos opening up all around the country and online gambling legislation underway in various states, it seems as if the reasons for the very existence of Atlantic City and Las Vegas are in serious jeopardy.
Beginning in the late 1940s, Las Vegas became known as the 'adult playground of the world.' Celebrities knew they made the big time when their names graced the billboards of ‘Sin City.’ Gamblers hoping to make money would flock there all year and families looking for a nice getaway would enjoy relaxing by the extravagant swimming pools under the hot desert sun, seeing the various shows and concerts, and whenever possible, sneaking away to the blackjack tables while their kids slept.
It was paradise.
Read more:
www.myfoxny.com/story/24280415/the-next-detroit-atlantic-city-and-las-vegas-facing-catastrophic-collapse#ixzz2oQ6Sw94t
Follow us: @myfoxny on Twitter | Fox5NY on Facebook
MYFOXNY.COM - With the closure of the recent Atlantic Club Casino Hotel, rumors of the bankrupt Revel being sold to Hard Rock, more than half of the mortgages in Las Vegas under water, casinos opening up all around the country and online gambling legislation underway in various states, it seems as if the reasons for the very existence of Atlantic City and Las Vegas are in serious jeopardy.
Beginning in the late 1940s, Las Vegas became known as the 'adult playground of the world.' Celebrities knew they made the big time when their names graced the billboards of ‘Sin City.’ Gamblers hoping to make money would flock there all year and families looking for a nice getaway would enjoy relaxing by the extravagant swimming pools under the hot desert sun, seeing the various shows and concerts, and whenever possible, sneaking away to the blackjack tables while their kids slept.
It was paradise.
Read more:
www.myfoxny.com/story/24280415/the-next-detroit-atlantic-city-and-las-vegas-facing-catastrophic-collapse#ixzz2oQ6Sw94t
Follow us: @myfoxny on Twitter | Fox5NY on Facebook
