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Atlantic City casinos closing...

Many of the casinos are closing. People just don't have the funds for that kind of entertainment anymore.
I was forced to downgrade my system dramatically due to financial difficulties beyond my control. As times get harder the thought of high priced equipment is now low on my list of priorities. That does not mean I've lost lost sight of the joy and yes, pride a great system has to offer but during these leaner times one must make sacrifices where one can find them.
So far for about a thousand bucks I have assembled what I believe to be a great sounding setup.
Tandberg TR2075 receiver: $230
Pro-Ject Wood turntable: $325
Benz ACE cartridge: $300
Boston Acoustics A200 speakers: $200
I didn't have to break the bank for this and I'm very happy with the overall sound. Will I venture back to the land of uber priced gear? It seems unlikely, not because of the costs but because of the practicality.
Atlantic City is done as is my journey into the high-end.
dreadhead
dreadhead OP
353 posts
 
Trelja,
In my case I have every right to blame the economy, and I'm quite sure the current economy has taken its toll on the casual gambler as well. Don't sit on your high horse making statements about something you obviously know very little about, being forced to sell your system due to sixteen months of unemployment on top of which the Republican Party felt as of the first of the year I was not eligible for anymore governmental assistance. When you have to choose between paying your mortgage or having a high end system then get back to me about the current economy.
cerrot's avatar
cerrot
1,700 posts
 
AC is closing due to internet gambling being legal in NJ. No need to leave your house, pay for gas, drinks, dinner.
rodge827's avatar
rodge827
620 posts
 
@Macrojack- Sandy did minimal damage to AC as compared to the towns north. The eye came ashore just south in Sea Isle City with the winds whipping in a circular fashion about 50-100 miles north. Hence all the serious damage in Ocean County and north to NYC.
AC was a victim of it's own success where everyone (unions) tried to cash in. Back when Trump built the Taj he bragged that it cost $1 billion to build. The same size casino resort in Vegas ran about 1/3 of that.

AC dropped the ball on making it more of a family resort. A family of 4 could go to Las Vegas and have a great vacation without ever stepping foot on the casino floor. Ac was all about gambling and not much of a family venue.

As noted by many, the proliferation of online gambling with PA and NY building casinos, AC has lost its customer base.
macrojack
1,303 posts
 
So AC benefited from being the only game in town until it no longer enjoyed that distinction. Apparently being a one trick pony was its real cause of failure.

In addition, it sounds like the investors just wanted to milk it to death while investing nothing to broaden its appeal. Strip miners, if you'll pardon the pun.

Seems like a corollary to what is happening across America. Everything now is about the immediate take with no concern for those who will follow. We'll be cleaning up and rebuilding behind the corporate raiders for a long time ---- if we survive them at all.
rodge827's avatar
rodge827
620 posts
 
@Macrojack-No truer words could have been written about how money is made in the US. In most Asian countries, China to be specific, investment is carefully thought out to benefit the generations to come. Here investors are more concerned about the next quarterly report. Then again there are Bears like Warren Buffett, perhaps there is something to the long term investment strategy?
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