TravelTill

Economy of Atlantic City


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h3>Casino gambling

Atlantic City is considered the "Gambling Capital of the East Coast," and currently has twelve casinos. In 2011, New Jersey's casinos employed approximately 33,000 employees, had 28.5 million visitors, made $3.3 billion in gaming revenue, and paid $278 million in taxes. They are regulated by the New Jersey Casino Control Commission and the New Jersey Division of Gaming Enforcement.

On February 15, 2013, Trump Entertainment Resorts announced that it intended to sell Trump Plaza to the Meruelo Group for $20 million, the lowest price ever paid for an Atlantic City casino. Carl Icahn, senior lender for Trump Plaza's mortgage, declined to approve the sale for the proposed price.

Bally's Atlantic City includes The Wild Wild West Casino, which opened on July 2, 1997 and has an American Old West theme.

Boardwalk

The Atlantic City Boardwalk was the first boardwalk in the United States, having opened on June 26, 1870.

The Boardwalk starts at Absecon Inlet in the north and runs along the beach south-west to the city limit 4 miles (6.4 km) away then continues 1 ⁄2 mile (0.80 km) into Ventnor City. Casino/hotels front the boardwalk, as well as retail stores, restaurants, and amusements. Notable attractions include the Boardwalk Hall, House of Blues, and the Ripley's Believe It or Not! Museum.

In October 2012, Hurricane Sandy destroyed the northern part of the boardwalk fronting Absecon Inlet, in the residential section called South Inlet. The oceanfront boardwalk in front of the Atlantic City

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