In 2016, the casino industry generated more than $3.6 billion in revenue, but it still cannot be counted on to stabilize and sustain the area’s economy on its own, especially with the continued opening of casinos in neighboring regions like Pennsylvania and New York siphoning gamblers from Atlantic City properties.įortunately, in the eight-county region that constitutes Southern New Jersey, there is much more than just the casinos. … Our commitment to Atlantic City has never been stronger and we look forward to being a catalyst for further growth and development in the area.” With the Hard Rock brand and its ability to attract 100 million people on an annual basis, we are very confident that we can grow the market. “I think that it’s very important to understand that it’s still the second biggest gaming market in the United States. “Atlantic City, no doubt, has had some challenging times,” Jim Allen, chairman of Hard Rock International, says. That project is expected to bring 1,000 construction jobs and 3,000 permanent jobs to the area, with an anticipated opening in summer 2018. When examining the South Jersey economy, it’s impossible to ignore the rebounding tourism hub that is Atlantic City, highlighted most recently by the news of a near $400-million rebranding of the former Trump Taj Mahal to the Hard Rock Hotel and Casino Atlantic City. By Jim Pytell, Assistant Editor On Sep 25, 2017 Diversity is Key in Bolstering Southern New Jersey’s Economy Companies and institutions are continuing to invest in New Jersey’s eight southernmost counties. Rohrer College of Business at Rowan University.
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