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Just a few days ago we blogged about whether casinos in Atlantic City would ever recover from the recession. In the blog post, we limited our discussion to this city in New Jersey, which was one of the first areas on the East Coast to attempt to compete with Las Vegas’ monopoly on resort style gaming in the United States. Well, according to executives at the East Coast Gaming Congress, it’s not just casinos in Atlantic City which are seeing profit losses and a decline in revenue due to increased competition and less consumer spending: Casino operators in New Jersey, New York, Pennsylvania, Delaware and other states, have told executives at the event that they’re now competing directly with one another to attract customers.
American Gaming Association president, Frank Fahrenkopf Jr., has suggested that casinos on the East Coast of the United States will face even more competition when twelve gambling venues, which currently only offer slots, begin offering table games in the next few months. When discussing the current state of the East Coast gambling market, John Finamore of Penn National Gaming proposed that while the industry isn’t “saturated” at the moment, it’s “clearly crowded”.
Do you think there’s currently too many casinos available in the East Coast area of the US? Alternatively, do you believe that there should be more casinos in Atlantic City, New York or Pennsylvania? If you have an opinion on the East Coast gaming scene, we’d love to hear from you.
