Atlantic City's Competition Forces Makeover

In the old days, Atlantic City had legal gaming to itself on the Atlantic Seaboard and in typical fashion people thought that would always be the case. But casinos owned by Native Americans opened.

Pennsylvania approved gaming and gave Philly-area gamblers a choice of staying on their side of the river or paying a toll to ride across New Jersey to a town  many people don't think is safe. They have gaming to the south too.

The Associated Press reports since 2006, Atlantic City's casino revenue has dropped from a high of $5.2 billion to $2.86 billion last year. Atlantic City Mayor Don Guardian said Atlantic City is in the midst of a makeover from being a gambling resort to a multi-faceted destination.

An ambitious plan, for sure, and it will take more than "DO A.C." stickers to convince people. For one thing, nobody has a clue what that means.