Recession causing Atlantic City to lose out on live acts | Economy | -- Your State. Your News.

May 29th
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Recession causing Atlantic City to lose out on live acts

atlanticcity050409_optFewer musical acts are willing to take a gamble on Atlantic City this summer than last, and some experts believe the recession is to blame.

Between the high cost of touring and the fear that music fans won’t be shelling out for tickets as they have in the past, fewer bands are hitting the summer tour circuit, and those who do tour may be less inclined to perform in smaller markets such as Atlantic City, according to the Press of Atlantic City.

“It is very expensive to tour,” Steve Gietka, vice president of entertainment for Trump Entertainment Resorts Inc. told the Press. “If their profit margin isn’t acceptable, they just stay home.”

Between Memorial Day and Labor Day last year, the casinos and Boardwalk Hall hosted 133 musical acts and comics; as of April 29, only 72 acts had been booked for this summer, the paper reports.

In recent years, the casinos and Boardwalk Hall have attracted some of the biggest acts in the business, with many performers making a stop in Atlantic City after performing in Philadelphia or the New York area, the paper reports. But now the acts are more likely to play at one or two of those locations, but not all three, and Atlantic City could lose out unless the casinos can pay large amounts of money, said John Scher, founder of Metropolitan Talent Inc. in New York.

But casino revenues have been down so far this year, setting a record in March for the largest monthly decline in the city’s 31-year history of legalized gambling, the Press reported last month.



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