Japan‘s do-nothing prime minister, Shinzo Abe, is calling it quits for reasons of health. What this means for ‘Abenomics’ remains to be seen, let alone his highly unpopular casino push: Opinion polls consistently show two-thirds of the Nipponese public opposing them. It’s almost a moot point. Delay and indecision have marked the Abe government’s casino-development process to the point where it is the biggest bore in gaming. We won’t say Abe was static but we’ve seen glaciers that moved faster. At any rate, the speculation has begun over what Abe’s exit means for Japanese megaresorts, an issue that apparently helped give him ulcerative colitis. Expect the Japan government to stay the course for at least another year, as Abe successor Yoshihide Suga is hand-in-glove with the departing PM on casinos. But in October 2021, when Suga faces off against Shigeru Ishiba it’s anybody’s ballgame.
AC: The capitalist economic model provides for competition: sometimes only the strongest survive. “Hard Rock President Joe Lupo: More supply = more layoffs = less revenue, less profitability and less capital reinvestment, which we all know many of the Atlantic City properties desperately need.” Why would he want and/or care if the worn out Boardwalk casinos have “less capital investment”. It makes both Hard Rock & Ocean casinos more desirable to many people.
FYI, a copy & paste article about AC casino zoning: “When Casinos came to Atlantic City there was no zoning for casinos for over a year after the first casino opened. As a result land speculators bought up available land they thought a casino could be built on. A 1979 Zoning Ordinance designated 600 acres of the city for casinos. By 1981, there were nine casinos in operation that had been built on 50 acres of that land. Casinos had proven to not be as profitable as once thought, and an overabundance of casino land was left vacant driving down the prices of the land(American City Corporation,1983). This continues to be a problem, specifically in the South Inlet where most of the vacant casino zoned land is found”.
I was at Ballys ,after 4 months…i was shocked how unprepared they are, a cheap stand for Purell always empty no soap in a bathrooms, and outside of Casino was all kind the garbage very shady environment very disappointed I’m not going back
YEAH get it together Phil until you see that drinking and smoking goes with gambling The casino will never get back!!
Caesars Harrahs Tropicana oceans Hard rock will do just fine on the boardwalk guaranteed