The House Doesn't Always Win
Brewery and Country of Origin: Left Hand Brewing Company of 1265 Boston Avenue, Longmont, CO, 80501, USA
Date Reviewed: 8-13-14
It is estimated that the worldwide gambling industry brought in more than $350 billion in 2011, about $50 billion greater than the global brewing industry. Even though the American economy has been slow to recover from the recent economic downturn, and much of Europe is still in a secondary recession, the gaming industry has been able to recover since 2009. This recovery, however, has not been the same among the world's gambling destinations evenly. Las Vegas and Macau have seen a steady rise in tourism, gambling revenues, and economic growth while at the same time, Atlantic City has been experiencing annual drops in revenues between 4-7%. This year alone, four of the city's most famous casino properties announced that they will be closing their doors for good, primarily citing poor economic conditions which led to lower gaming revenues. Revel, the city's newest and most expensive property, had announced yesterday that its business would have to go through "an orderly wind down of the business" after it could not recoup its $2.4 billion construction cost or find a buyer in bankruptcy court. The hotel tower was New Jersey's second tallest building. The ill-fated casino resort has been in operation for only two years and was struck with a torrent of controversy even before the ground was broken on the project. Revel, the Trump Plaza, Atlantic Club, and the Showboat will all be closed by the end of the year, costing Atlantic City about 8,000 full time jobs which will probably lead to an eventual cascading effect in the greater AC economy. It is uncertain whether other properties will close or the state government will step in even more to help ameliorate the city's deterioration. The state already controls what's known as the Atlantic City Tourism District, which essentially translates into special development initiatives, more police presence, and a push for overall economic development. But at the moment, the city's near term prospects look bleak as the city's economic decline is on a five year streak. There are other issues that have given AC a bit of a lackluster reputation with the usual crime, drugs, and urban blight being long morbidities of the real city behind its famed boardwalk. But at some point, the bad streak will end for the Jersey Shore's largest destination, and things will turn around. With the help of regional transit infrastructure upgrades, as well as upgrades to the Garden State Parkway, NJ Transit from Philadelphia, and a growing list of destinations for the Atlantic City International Airport, the city hopes to bring in more tourists who would otherwise travel to Philly, NYC, or elsewhere along the shore.
Date Sampled: 5-03-14 At: 7 Prescott Place, Allston, Boston, MA 02134, USA
Beer Style: American Porter
Alcohol by Volume: 6.80%
Serving Type: 12 oz Bottle, 16 oz Tumbler Glass
Rating: 3.41