Why experts are calling Hard Rock casino a ‘win-win’ for Atlantic City, but still ‘cautious’ on Shore town’s future
Atlantic City is getting a new casino, and experts are saying it’s a good thing for the Shore town. The Hard Rock Casino is set to open in June of this year, and many believe that it will breathe new life into the city. The casino will create thousands of jobs, bring in much-needed revenue, and revive interest in Atlantic City as a tourist destination. However, some experts are still cautious about the city’s future.
The Hard Rock casino will bring more jobs and revenue to Atlantic City
The Hard Rock casino is set to open in June 2018, and experts are already calling it a win-win for the city of Atlantic City. The casino will bring an estimated $500 million in investment to the city, as well as create about 3000 new jobs.
While some are cautiously optimistic about the future of Atlantic City, others believe that the Hard Rock casino is exactly what the shore town needs to get back on its feet. Only time will tell if this gamble pays off for Atlantic City. But for now, it looks like things are finally starting to look up for this once-thriving resort town.
It will also help revive the city’s tourism industry
The Hard Rock Hotel & Casino Atlantic City is set to open its doors on June 28, 2018. The $500 million project is the first new casino in Atlantic City in nine years and experts are calling it a much-needed boost for the struggling shore town.
“This is a win-win,” said Michael Busler, a finance professor at Stockton University. “It’s going to increase jobs and tax revenue.”
The casino is expected to create more than 700 permanent jobs and thousands of construction jobs. It will also help revive the city’s tourism industry, which has been struggling since several casinos closed in 2014.
The casino has faced some criticism, however, for its high prices and lack of diversity.
But many experts say that the casino is a much-needed boost for the struggling shore town.
“This is a win-win,” said Michael Litt, CEO of Hard Rock International. “The city gets a new, state-of-the-art facility and we get to be part of the rebirth of Atlantic City.”
Litt says that the casino will help to revitalize the city by bringing in new visitors and creating jobs.
The casino is also working with local organizations to promote diversity and inclusion.
“We want everyone to feel welcome here,” said Litt. “We’re committed to making Hard Rock a place for everyone.”
Despite these shortcomings, the Hard Rock is still a great addition to Atlantic City.
The casino is bringing in new revenue and jobs to the area. And, most importantly, it is helping to revitalize a part of the city that has been struggling for years.
The Hard Rock is just one piece of the puzzle, but it is an important one. There are still many challenges that Atlantic City faces, but with the right strategies in place, the city can continue to grow and thrive.
It will help the city compete with other gaming destinations in the area.
But some experts are still hesitant to give the casino a glowing review, saying that it’s too soon to tell if Hard Rock will be a true game-changer for Atlantic City.
“I think it’s a win-win,” said Michael Pollock, managing director of gaming consulting firm Spectrum Gaming Group. “But I’m also cautious.”
Pollock and other experts say that the Hard Rock brand will help Atlantic City compete with other gaming destinations in the area, like Philadelphia and New York.
And while the casino is still in its early stages, there are already signs that it is having a positive impact on the city.
“Has definitely had an impact on our business,” said Joe Lupo, senior vice president of operations at Borgata Hotel Casino & Spa. “We’ve seen an uptick in business since they opened.”
Lupo said that Borgata has seen an increase in both hotel and casino business since Hard Rock opened its doors in late June.
“It’s still early, but we’re certainly encouraged by the start they’ve had,” he said.
The hope is that the positive impact Hard Rock is having on Atlantic City will be long-lasting. But some experts say it’s too soon to tell if the casino will be a true game-changer for the struggling Shore town.
“We’ll have to wait and see how successful they are in attracting customers from outside the market,” said Alan Mazer, a gaming attorney and consultant. “That’s really going to be the key.”