New Jersey is having some of its worst months in history. All of the casinos here are completely shut down and tourism is lower than it’s ever been. Interestingly, one major hotel owner claims he plans to build a massive water park in Atlantic City.
City officials here are looking at new ways to promote tourism. This water park is just one of many ideas to help achieve this goal. Today, we’re going to look at the details of this new and exciting project.
Revenue in Atlantic City Continues to Fall
It’s not uncommon for a casino town to see dips and raises in its gambling revenue. It is uncommon, however, for gambling revenue to almost completely stop flowing in. Unfortunately, that’s what we’re seeing here in Atlantic City.
Earlier this year, things were looking great in this city. The legalization of sports betting and improvements to the land-based casinos brought in a huge number of tourists. Many felt we were seeing a “Golden Age” for Atlantic City.
That’s no longer the case. Back in March, all of the casinos in this city were forced to close their doors to the public. This has already proven to be devastating to the local economy. Thousands of people have lost their jobs here and many businesses are losing millions of dollars.
It’s not entirely clear when this trend will begin to change. Governor Phil Murphy is still not able to say when the casinos in Atlantic City will be given permission to open their doors. Even when these casinos are able to open, it’s tough to predict how much revenue these venues will earn.
Residents and city officials are desperate to see something change. If things remain how they currently are, many of the businesses here won’t be able to stay afloat. This week, one major hotel owner in the city announced a new idea to help boost tourism rates.
Bill Blatstein Plans to Open a Water Park in Atlantic City
Now might not seem like the most ideal time to make massive investments in Atlantic City. Some feel that this is exactly what needs to happen in order to get things back to normal. Bill Blatstein, the owner of the Showboat Hotel, has announced that he plans to build a $100 million water park in Atlantic City.
This water park will sit adjacent to the Showboat Hotel. The current plan is for groundbreaking on this project to begin in August. Blatstein claims this is something the city could use to start drawing in more tourists.
“Atlantic City does not have a family market,” he said. “This will open up a whole new market that doesn’t exist.”
Atlantic City is thought of as a major gambling destination. Not many consider it a family vacation area. The Showboat Hotel owner believes it’s time to change that perception. The water park should help with that.
Of course, nothing has been officially set in stone. Things are far from normal in New Jersey and a major project like this one may take years to complete. Many are still excited to hear that major business owners here are focused on the future.
It’s a very unusual time for casino markets across the country. As many know, Las Vegas is scheduled to open back up next week. Here’s what we can expect.
Las Vegas Casinos Are Just Days Away From Reopening
There’s no doubt that Atlantic City is the biggest casino town on the East Coast of the United States. Las Vegas, however, remains the country’s gambling hub. After Governor Sisolak’s recent approval, casinos are now scheduled to open here on June 4th.
This isn’t the first city to start allowing casinos to operate. Many parts of the country have given casino owners permission to start accepting guests again. In some areas such as Oklahoma, casinos are seeing a huge number of guests lined up to start placing bets.
We’re already seeing travel deals in Las Vegas pop up. Today, for example, casino owner Derek Stevens began offering free flights into the city. Many casinos have reduced their room rates, as well.
Only time will tell how many people decide to visit and gamble in Las Vegas. This city is in serious need of tourism right now. We’ll be sure to offer updates on the gambling revenue earned here over the next month.
Many parts of the country are beginning to open back up. Officials in Atlantic City are looking at new ways to boost tourism. If all goes according to plan, we’ll see a water park in Atlantic City built in the near future.
Do you think this water park will help the city? When do you expect casinos in AC to reopen? Let us know in the comments section below.