In the late 1970s, the opening of casinos in Atlantic City affected track attendance as did later competition for quality horses from "racino"-type venues (where a casino and a racetrack are co-located and share facilities such as parking and restaurants and engage in cross-promotion) in regional states. Over time, ACRC could not operate profitably as attendance and handle dropped off year by year. Track owner Bob Levy announced the facility would hold a final abbreviated race meet in 1998, then close, presumably at the end of that year. The track remained open for several years after this, however, operating short, fair-like meets in order to retain its simulcast permit. In 2001, the track was sold to the owners of Philadelphia Park Racetrack and became primarily a simulcast facility. From 1998 to the present, ACRC conducted live race meets of between four and 10 days per year.