Atlantic City – Decline and Fall of Gambling

Atlantic City has fallen on such hard times that bankruptcy chatter permeates the air. The city’s primary industry, gambling, has been decimated as newer casinos in nearby states have lured gamblers away from the new Jersey shore with its famed boardwalk.

New jersey Governor Chris Christie is not taking this turn of events lying down Togel Hongkong Terpecaya. He has appointed a turnaround team, including former Detroit emergency manager Kevyn Orr, to review the alternatives. Is this only a step away from an autopsy? After all, Kevyn Orr is the guiding light who launched Detroit into bankruptcy.

Truthfully, can anyone perform magic on a city that saw 4 of its 12 casinos close last year? Then there’s the Trump Taj Mahal, which barely avoided closing, remains on life support, and is seeking a white knight investor. Caesars Entertainment, which owns Bally’s Atlantic City and Caesars Atlantic City, filed for bankruptcy last month.

“No one should expect that the appointment of a very competent fiscal manager is the solution for Atlantic City, ” said Peter Reinhart, professor and director of the Kislak Real estate Institute at Monmouth University, as it would not solve the underlying problems of a stagnant tourism and casino industry.

Besides the downward spiral of casino gambling, there is also the threat of online gaming. You can now add New jersey to the number of states who allow online gaming. The Garden State joined Nevada and Delaware as the only states with legalized online gambling, and is now the biggest in population.

How does that impact destination gambling? It doesn’t help. However, many don’t go for gambling alone. The resorts offer shows, seminars and conventions — both for recreation and business. Ultimately, the casinos may be the biggest winners because as it now stands, online gambling web sites must operate through casinos. But, for how long? And, as states seek revenue, some will inevitably turn to online gaming as a source to help fill their coffers which may prompt them to loosen this restriction. Anytime a gambler can place a bet online rather than having to go to a physical place is one less gambler available to all casinos, including Atlantic City casinos. Existence of women gamblers is not as historic as that of men gamblers yet their involvement in today’s gambling world is very significant. Origin of gambling by women dates back to some near past but after stepping once into this arena they have displayed immense aptitude towards gambling. Following the legalization of gambling industry there was an evident increase in number of women who gambled. Earlier women were not supposed to indulge into male dominated areas like gambling and if any female did get involved in gambling she had to hide this fact from others. Invention of playing cards gave a further boost to augment women’s participation in gambling. Earlier when women accompanied men to casinos they would probably just laze around but gradually women started participating in active gambling. Starting with slot machines and small roulette games women have now reached to most serious gambling centers.

Although women have revealed interests in almost all gambling games though some of the most favorites among females are the slot machines, poker, roulette and blackjack. It is assumed that women may have started with slot machines that did not involve any complex calculation or any specific skill. But lately existence of female gamblers has spread to almost all categories in gambling reaching even the poker tournaments. Women players have displayed enough potential while participating in world tournament and have also won titles in such events. Just like there are male professional players for gambling games even female professionals of gambling exist in areas.

The recent development of online gambling trend has also caught the fancy of female gamblers. An opportunity to gamble along with the facility of enjoying all comforts at home is an excellent option of women prone to gambling tendencies. It enables them to manage the household chores in conjunction with following the vogue for gambling. There are many people managing sites for gambling but it’s very important to pick the genuine sites. Many websites often fool women by gathering their personal details and misusing information submitted at the sites. Some websites do not abide towards giving the due money won by the visitor on their site. Hence judicious inspection for the authentication of websites before registering for online gambling is very important.

Although women have indulged in gambling there inherent nature of being sensitive and not being able to accept huge losses is evident also in gambling. Sometimes women are attracted towards games of chance as an escape from the troubles they might be experiencing at home. Gambling enables them to overlook their worries and anxieties for some time. But an act just practiced as a hobby many a time develops into an addiction and this latter on takes form of compulsive gambling. Being obsessed towards gambling results in both personal and financial losses for most women players. Women do not have an heart to bear huge financial losses they find themselves broke much before their male counter parts would lose heart. This is basically because the defeat bearing capacity of women gamblers is not much.

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