• A Special HedgeyeTV Webcast Event

    1st Annual Hedgeye Investing Summit

    The sharpest minds in investing discuss the latest market and economic developments and explain their investing implications.

It’s easy to see why AC is susceptible to demand shocks. The Atlantic City Convention and Visitors Authority released a survey that showed easy parking was the top reason customers chose to visit the city. Gambling, restaurants, nightclubs, retail, beaches; not as important. Pennsylvania, a smoking ban, high gas prices, and a tough consumer environment have all contributed to declining gaming revenue in AC. When parking is your top lure, you are defenseless in the face of these threats.

Parking the top draw? Not good enough