Business insiders have warned of the opportunity of some Atlantic Metropolis casinos having to shut on account of New York Metropolis casinos. [Image: Shutterstock.com]
Business insiders consider the opening of three New York Metropolis casinos might result in the closure of casinos in Atlantic Metropolis. The consultants shared their issues 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 Exhausting Rock On line casino. He claimed that the income drop for Atlantic Metropolis casinos would trigger at the least one of many metropolis’s main playing venues to shut down. Allen believes this is inevitable “except there’s enhancement to the notion of Atlantic Metropolis.”
Wall Avenue analysts maintain an identical perception to Allen. Talking on the identical convention, Duane Bouligny, managing director at Wells Fargo, mentioned that solely Atlantic Metropolis casinos that hold 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 motels, leisure venues, buying facilities, and a $100m water park.