Everyone who thought that was wrong and casino bankrupted in 2014. Besides, at that time, gambling was legalized in New Jersey, and great things were expected in Atlantic City. This caused Atlantic Club to cancel the sale, and they also kept the deposit laid out by PokerStars. In the following years, they failed to honor the contract they had with the property, and the gaming license never came. They also invested in rent with $750k a month. PokerStars was the world’s most oversized poker room at the time, and when it put $15 million into this property, no one could see what was coming. For one, PokerStars fell in love with the site, and many people saw great things coming. The place that was once known as the Atlantic City Hilton could not have predicted what was coming. This suited both parties, and no one could predict that this love relationship could fail. This one was the so-called niche casino as it attracted players that kept their game low. Atlantic Club Source: Ītlantic Club was the first and one of the biggest casinos that went down. You’ll be surprised by some names on this list. If you’re curious which ones lived through the most significant failures, please our article on the most prominent casinos that have bankrupted. It’s just how things are, so you shouldn’t be too surprised that some casinos fail to live through challenging years. This is just the world we’re living, and according to efirbet, many players would instead take their 30% bonus and play from home than driving to Atlantic City to gamble. Furthermore, you have the ongoing coronavirus pandemic, which isn’t helping land-based casinos, and its consequence will be seen in the future. Besides, we also have the expansion of online casinos that take away many gamblers. While once a massive site for gamblers, Las Vegas and Atlantic City started losing players because the gambling became legal in many states across the USA. After years of struggle, the tides finally took the wreckage of some of them that left living on the old glory. Many casinos started to decline when the world economic crisis hit in the late 2000s. Despite what you think and what the movies show us, casinos aren’t all that successful all the time.

Even massive gambling sites such as Las Vegas or Atlantic City had their casinos bankrupted. All over the world, casinos are being closed every day. Many things are factoring into a successful gambling business, and if all of them aren’t covered, they can lead to a grand failure. With all the flashy lights and people drinking and gambling, it’s hard to imagine that casinos can go out of business.

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