Play Bingo
Play Blackjack
Play Slots
Play Poker
Play Video Poker
500 Nations Free Casino Games

Casinos Reopen in New Jersey after Superstorm Sandy Forced Closers

PRESS RELEASE

November 16, 2012

Five days after Superstorm Sandy forced them to close, all but two of Atlantic City’s 12 waterside casinos had reopened for business, and the remaining gambling sites were scheduled to reopen within the next few days.

First back in business was the Golden Nugget. It re-opened by noon on Friday, November 2, two hours after Gov. Chris Christie gave the go-ahead and re-opened roads into the town, which had been under an evacuation order since October 28.

It marked only the fourth time in the state’s 34 years of legal casino gambling that the casinos were been forced to close. Last year, Hurricane Irene closed Atlantic City casinos for three days during a prime summer weekend, costing an estimated $45 million in lost business. Casinos were also shuttered in 1985 for Hurricane Gloria, and in 2006, due to a state government shutdown.

Although Sandy made landfall with hurricane-force winds just a few miles away from Atlantic City on Monday evening, the casinos suffered little physical damage. Parts of the city were less fortunate, however. Dunes running along the Boardwalk were flattened, and flooding was widespread. An old section of the Boardwalk away from the casino district collapsed into the ocean, with pieces winding up on a city road.

Unlike past closures, this time business at the casinos did not immediately rebound. About half of Atlantic City’s gamblers come from New York or New Jersey, where many areas saw greater damage from Sandy. Adding to the problems were gasoline shortages and areas still experiencing power outages or closed roads.

Moody’s Investors Service predicts the storm will take its greatest financial toll on Atlantic City casinos and electric power companies in New York and New Jersey. A Moody’s report forecasts Atlantic City casinos’ earnings over the next two quarters will fall at least 25%, and perhaps by as much as 50%. Tropicana CEO Tony Rodio, who is also president of the Casino Association of New Jersey, downplays that estimate, but says city casinos averaged combined losses of $5 million for each day of this year’s closing.

Even before the storm hit, Atlantic City gambling revenues for the first nine months of this year were down 4.8% from the same period last year. Gambling revenues – about $3.3 billion last year -- have been declining over the last six years, falling almost $2 billion, due to the weak economy and new competition from gambling in neighboring states.

Return to New Jersey Casinos.


VOTED #1
Favorite Casino
Best Slots

by 500 Nations players

US PLAYERS WELCOME
A World-Class Casino! *Best Slots, Blackjack, Table Games, Sports Book.

Play 300 Free Games
No Sign-up | No Download
$3,000 Welcome Bonus
100% Match Redeem 3 Times
$3,000 Slots Bonus
100% Match Redeem 3 Times
Reel-It-In Thursdays Today!
$20 weekly slots bonus
See All Bovada Promotions
Member benefits & promos.

Ignition Poker Room
US Players Welcome
$2,000 WELCOME BONUS

Rev up your action with this fully loaded Poker Room and hundreds of casino games!


Join Bovada Join Bovada Join Bovada
500 Nations is an independent directory and information service free of any gaming operator's control and not affiliated with any casino.
Warning: You must ensure you meet all age and other regulatory requirements before entering a casino or placing a wager. There are hundreds of jurisdictions in the world with Internet access and hundreds of different games and gambling opportunities available on the Internet. Do not assume that Internet gaming sites are in compliance with the rules and regulations of every jurisdiction from which they accept players. YOU are responsible for determining if it is legal for YOU to play any particular game or place any particular wager under the laws of the jurisdiction where you are located.