The Obama economy has claimed another hotel in the soon-to-be ghost town known as Atlantic City, New Jersey.
The billion-dollar Revel Casino Hotel i s following along the lines of several other casinos, including the Trump Plaza and famed Mardi Gras-themed Showboat Casino, by shutting its doors after just two short years of being opened to the public.
While there the economic damage that Hurricane Sandy brought to the region, major managerial setbacks and poor planning by hotel executives are being blamed fro the hotel’s demise, but Obama’s recession has ultimately proved to be the last roll of the dice for the casino.
Casinos are closing in Atlantic City, but that doesn’t mean the city is dead in the water. Maybe the city will be revitalized into more of a family-friendly resort town that attracts the likes of Disney?Any post-Obama presidency (except for a Clinton) will surely help any local economy.
Another American business bites the dust.