CASINO

Atlantic City casinos in Darwinian struggle for survival

TAGs: Atlantic City, tax filings

While Atlantic City officials may be trying to push the meme that their future’s so bright, they gotta wear shades, the numbers in the casinos’ quarterly tax filings paint a far less sunny picture. Half the casinos are looking for new owners, three are facing imminent closure and many are habitually recording losses in the double-digit millions. Darwinian theory may be a debatable point in America, but natural selection will ensure that some of Atlantic City’s 11 casinos will not be with us much longer. Read more.

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