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Another giant casino closes its doors in Atlantic City this morning. Some people even getting pushed out as they turned off the lights. Can you imagine getting stuck with a cash-out voucher? #revelCasino #closing $2.4B Revel Casino Shuts Down After Just 2 Years ABC News http://abcnews.go.com/US/wireStory/24b-revel-casino-shuts-years-25210305

This is so sad. I've never been to Atlantic City but I have been to South Lake Tahoe/Stateline & Reno recently and I fear they will end up the same way. South Lake Tahoe & Reno, like Atlantic City, were meccas for gamblers. When the Indians were given the go-ahead to open their casinos by the voters in California, Reno and Tahoe really felt the pain. The local economies of both cities were hit hard when Indian Casinos popped up near Sacramento. When the Indian Casinos don't pay taxes like traditional casinos do, they can really take advantage of the extra cash in their pockets to pay for great entertainment, great hotels, awesome slot machines, etc. Plus, Bay Area gamblers like the convenience of driving to a casino in an hour or less rather than the three hours it takes to get to Lake Tahoe or Reno. Lake Tahoe is one of the most beautiful places in the world with every outdoor activity available PLUS it has some great casinos. The powers that be there probably banked on the area's beauty to keep the crowds coming. Honestly, that makes sense. However, the casinos just don't get the crowds anymore. I'm not sure why people go to Reno in its current condition. I've heard the city is renovating and trying to get more business there. But, how can they get the crowds there for gambling anymore? I just don't know. The good news for South Lake Tahoe is that it's getting a new Hard Rock Hotel and Casino that should bring some life to the place, especially if they can start attracting more conventions. At least Tahoe can capitalize on its attractiveness as a tourist destination to keep some decent activity. Reno may be doomed. Has anyone else has seen something similar to this in their areas or noticed what I am seeing in Reno and Tahoe? If Atlantic City can fail, then I guess it's possible for the same thing to happen elsewhere. It's a reality check, that's for sure. And it's very sad on so many levels.

Posts Tagged with #revelcasino

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