AC is getting destroyed by casinos in neighboring states. No reason to go to AC except for gambling. I imagine the MS Coast is the only place to go until one hits the Mississippi.
Problem #1 Atlantic City has the unfortunate distinction to be within the jurisdiction of the People’s Republic of New Jersey. That alone will kill off most businesses and productive citizens.
Problem #2 AC tolerated for too long crime, loitering, drug use and uncleanliness at and near the AC coastline. Walking along the Boardwalk at night is seen as taking your life in your own hands.
Problem #3 The new Governor has indicated he wants NJ to be another California, only with legalized pot and more illegals. Not exactly a recipe for prosperity.
Problem #4 Neighboring casinos. The need to make the trip to AC is an increasingly difficult sell.