"2015 will also see the closure of another casino"

Although with four casinos closing last year with the loss of 8,000 jobs the first Republican Mayor in 23 years believes that another casino will shut before things get better for the city. “For 2015, I think it’s going to be a year of healing,” he told The Associated Press in a year-end interview. “It’s a year of progress.”

However the Mayor did not mention which casino he thought would close, yet speculation from observers would say that it is most likely to be Bally’s Atlantic City, owned by Caesars Entertainment whose CEO Gary Loveman said just last October that the casino resort get out of the red and into the black.

It was in August when Caesars closed its Showboat casino which at the time was still profitable but with three other casinos run by Caesars in Atlantic City it was closed to reduce competition on its other properties.

But now it looks like Bally’s will be the fifth casualty in Atlantic City as Caesars struggles with huge debts and faces the prospect that part of its business going into bankruptcy this month. “You just have to accept what happens,” said Guardian. “It’s almost like, ‘Why does a flood occur, or why does a hurricane happen?’”