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The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. If and when it does, the impact on New Jersey would be painful. Community Rules apply to all content you upload or otherwise submit to this site. The flip side of the concern about the effect the two new casinos are having on profits is the uptick in employment they brought. It's possible that federal or state regulators may want the new company to divest one or more of its Atlantic City properties, or the company could choose to do so voluntarily. New York has been lagging on adopting sports betting outside its upstate tribal casinos, and mobile sports betting still isn't allowed. Wayne Parry of The Associated Press wrote this story. Nearly 6, people work at Hard Rock and Ocean, jobs that did not exist just a year and a half ago. All rights reserved About Us. Anything that gives people a reason to visit Atlantic City in person when there are plenty of places to gamble closer to home β€” including home β€” will be key. Ad Choices. The new jobs come amid an already booming sports betting industry in New Jersey. And could finally see new life for the former Atlantic Club casino, which has been dark since Jan. A sizable chunk of New Jersey's sports betting revenue comes from New York gamblers crossing over into New Jersey to make bets on their smartphones. Colosseo Atlantic City Inc. But the presence of the two new casinos was also a major factor in declining gross operating profits for the Atlantic City casino industry as a whole, down 4. Blatstein declined to discuss his updated plans for at least the next few months. By The Associated Press.{/INSERTKEYS}{/PARAGRAPH} But amid the optimism lies some concern. Having sustained losses so deep that its former owner was forced to hand the business over to its main lender earlier this year, Ocean worked hard to improve its finances and grow its clientele during the busy summer months. Can we keep people coming to the market and increase visitation? Note to readers: if you purchase something through one of our affiliate links we may earn a commission. The gambling halls clearly want to bring more people through their doors. Company officials insist it will still be going strong when the ball drops on New Year's Eve Steve Callender, a top Tropicana executive and president of the Casino Association of New Jersey, believes all nine casinos are strong enough to survive. How the city navigates the changing tides of the industry will determine the kind of year will be. But there is also some concern over whether all nine casinos will make it to the finish line of , and whether nearby states will eat into Atlantic City's main strengths right now: online gambling and sports betting. But it's not a given that Eldorado will pare its Atlantic City holdings: Until , Caesars Entertainment had owned and operated four Atlantic City casinos without causing any antitrust concerns among regulators. Further complicating matters is the pending acquisition of Caesars Entertainment, which owns three Atlantic City casinos Harrah's, Caesars and Bally's , by Eldorado Resorts, which owns a fourth Tropicana. Money from internet gambling and sports betting has to be shared among several parties including vendors and technology partners, and is not pure profit for the casinos. It's even possible that Atlantic City's casino market might move toward further expansion in Last March, Philadelphia Bart Blatstein, who operates the former Showboat casino as a non-gambling hotel, said he was considering restoring gambling either to the Showboat, or building a new casino facility on land he owns adjacent to it. {PARAGRAPH}{INSERTKEYS}In this Oct.