A major casino just filed for bankruptcy. It was going to be a resort casino. No smoking. Ten swimming pools. “Ain’t we got stuff?”
No, you ain’t.
The investors of $2.4 billion just lost all their chips. “Round and round it goes. Where it stops, nobody knows.”
Atlantic City will remain what it has been for years: a city dependent on people who do not understand math.
It is a city without panache (whatever panache is).
It is a city with a boardwalk and desperate people who think they can beat the odds.
It is a city with a dead casino.
Some big bucks entrepreneurs thought they could put lipstick on a pig. They could, too. Unfortunately for their plans. the pig died.
People do not go to Atlantic City for class. They go for dreams that cannot come true for the vast majority who pursue their dreams in Atlantic City’s casinos.
Fools are separated from their money in short order in Atlantic City, including the fools who built a resort casino.