as two casinos that had failed and shut down were set to reopen with new owners and new identities.
Five years later, those two casinos — the Hard Rock and the Ocean Casino Resort — have become among the most successful in Atlantic City.And while they have taken market share from their seven competitors, no one has gone out of business and the market as a whole seems to be adjusting to the new reality, in which there are three dominant casinos — and everyone else.
Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling market, said Hard Rock and Ocean have helped grow the overall market, even as individual properties lost share to them.
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