Gambling doesn’t have the same appeal as it used to in the traditional places where people rolled the dice.
Casinos in Atlantic City are feeling the pain. Trump Entertainment Resources has become the latest victim of the changing market. It announced it is filing for bankruptcy protection.
It runs the Trump Taj Mahal and Trump Plaza, which is to close soon. Instead of gambling being mostly restricted to Atlantic City and Las Vegas, casinos have opened in many states and on American Indian reservations, and gamblers also have online options.
The shakeout taking place in Atlantic City should result in a more stable market with the casinos that weather the economic changes. Other casino markets like Kansas City may go through similar changes because of the market being overpopulated with gambling options.
It has happened in Kansas City before with the closing of Sam’s Town.