Peter E. Murphy: “While I have never been a fan of gambling, the casinos have created thousands of jobs since they opened in Atlantic City in 1978. Trouble is, they crumbled like sand castles when the economy took a dive in 2008. They crumble when every neighboring state decides they too want a slice of the enormous pie. The Revel was built out of failure. It envisioned a clientele that would value elegance more than a quick spin of the roulette wheel. They overestimated their customers and underestimated their overhead which was about $60 million a month. Trump Plaza has also been leaking money and just this morning, the headline on the local paper asks, ‘Could Trump Taj be the next casino to go bankrupt?‘ Another 5,000 people out of work.” (website)