Business insiders have warned of the opportunity of some Atlantic Metropolis casinos having to shut because of New York Metropolis casinos. [Image: Shutterstock.com]
Business insiders imagine the opening of three New York Metropolis casinos might result in the closure of casinos in Atlantic Metropolis. The specialists shared their considerations at an business convention this week, estimating that Atlantic Metropolis casinos might see a 20%-30% income lower.
Amongst these talking on the East Coast Gaming Convention on Thursday was Jim Allen, chairman of Arduous Rock On line casino. He claimed that the income drop for Atlantic Metropolis casinos would trigger not less than one of many metropolis’s main playing venues to shut down. Allen believes this is inevitable “until there’s enhancement to the notion of Atlantic Metropolis.”
Wall Road analysts maintain an identical perception to Allen. Talking on the similar convention, Duane Bouligny, managing director at Wells Fargo, stated that solely Atlantic Metropolis casinos that maintain investing of their companies and have sturdy management groups will proceed to develop.
Makes an attempt have been made lately to lower Atlantic Metropolis’s reliance on playing. This has included the event of recent inns, leisure venues, purchasing facilities, and a $100m water park.