The damage to Atlantic City’s reputation and resulting lost revenue is incalculable.
That’s what Debra P. DiLorenzo; president and CEO of the Chamber of Commerce Southern New Jersey thinks. DiLorenzo is also chairwoman of the Convention Center and Marketing Committee on the CRDA Casino Reinvestment Development Authority.
Atlantic City is finally finding its footing. Casino profitability is up, its non-gaming attractions are thriving, employment has stabilized and the region is on the mend.
From NJ.com: These positive trends have taken a quick and frightening turn due to uncertainty over the city’s finances.
In fact, over the past two months, we’ve seen C suite executives and various associations become wary of booking meetings and conventions in Atlantic City and instead are selecting alternate cities for their business.
Misperceptions about Atlantic City during this turmoil have potential visitors questioning whether its convention center, hotels and casinos are going to be open for business in the near future. There is no doubt that Atlantic City and its businesses are losing millions of dollars in revenue every day that passes with no agreement.
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