Atlantic City came out of nowhere to top Las Vegas as the global leader in gaming revenue in the 1980s and ‘90s. Now, the New Jersey shore Queen of Resorts is shriveling, with four of its 12 casinos shuttered and a fifth due to close next month. Current global gaming leader Macau shares some troubling traits with Atlantic City and needs changes to avoid a similar fate.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.