Atlantic City was doomed by casinos opening up in neighboring states. The overall business numbers have been grim for years.
I'll also add that they tried to strip you of your money as fast as they could. They forgot about repeat business.
In the early eighties, I used to got to Vegas with some friends. I would carry $500 for gambling. I could make it last for two days with little problem. They got my money and I had two days of fun and free alcohol. I used to go every two-three months.
I went to Atlantic city in its prime and they stripped me of may cash as fast as they could and very little free alcohol. I did not feel inclined to ever go back.
Can you say,"Native American Owned Casinos?"
The Indian casinos are a big competition. They can run their casinos without paying taxes.