Gambling is a $100 billion-a-year business in the United States, but even before the pandemic struck, the casino destination of Atlantic City, New Jersey, had been struggling. After COVID-19 came into the picture, the gaming industry took an even bigger hit across the board with revenues dropping more than 31 percent year-over-year in 2020.
Now, with the month-long betting holiday known as March Madness returning and vaccination rates rising, Atlantic City casinos are betting big on the return of both sporting events and visitors at gambling parlors. Cheddar's Michelle Castillo reports.
‘Taco’ chance on the markets’ volatility, this is nacho average opportunity! Plus: Southwest, Boeing, Disney, Nvidia, Stellantis, McDonalds, Warner Brother
The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.
Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025.
