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Cash out: Atlantic City’s oldest gaming hall to close?

TAGs: February numbers, Resorts Atlantic City

MonopolyBetfairWhile Las Vegas is crowing about the sudden return of black ink to its ledgers, the best Atlantic City can claim is that March numbers are 5.5% down from the previous year. This, in the pitifully positive spin of one analyst, clearly isn’t good, but it’s ‘less bad’ than it might have been. Sadly, there’s no spinning the news that AC’s oldest gaming hall, the Resorts Atlantic City, is suffering “severe cash shortages” and may be forced to close while it seeks out new owners (presumably ones with too much money and a demonstrated inability to read a balance sheet). Read more.

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