![]() Now coming into winter, typically the city's off-season, the streets and boardwalk of Atlantic City look more like a ghost town than a tourist hub. Atlantic City's unemployment rate is 7.1% (well above the national rate of 5%), and its mortgage-foreclosure rate is America's highest. As the first city to provide gambling outside of Nevada, it provided those on the East Coast a place to vacation on the beach and gamble.īut the city has seen hard times these past few years five of the city's 12 casinos closed between 20. Located in Garden Grove, near Anaheim and in the heart of family vacation mecca, Great Wolf Resort Southern California is the first indoor water park in. Atlantic City's unemployment rate is 7.1 (well above the national rate of 5. Trump Entertainment Resorts had become a subsidiary of Icahn Enterprises in February 2016.Ītlantic City was once New Jersey's largest tourist attraction. But the city has seen hard times these past few years five of the city's 12 casinos closed between 20. Much of that money can be traced back to Trump's investments in his three Atlantic City casinos, which The Times said were "failing in Atlantic City long before Atlantic City itself was failing." All three of the casinos had filed for bankruptcy by 1992, and the last one bearing his name, the Trump Taj Mahal, closed at the beginning of October. Atlantic City casinos were also hurting, according to published reports, because of new competition from across the state line in Pennsylvania, where slot machines had come online and were drawing gamblers. ![]() Account icon An icon in the shape of a person's head and shoulders. ![]()
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