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Casinos in northeast

Associated Press in Atlantic City. Sunday 29 June For casinos in northeast, economists and analysts talked in theoretical terms about "casino saturation" in the north-eastern United States. The Atlantic Club is dead, taken down by two rivals.

Israel Posner, executive director of the Lloyd D Levenson Institute of Gaming, Hospitality and Tourism at Stockton College, said the resort has been dealing with casino saturation for a while now. Since before Revel opened, McDevitt warned that adding another casino to the 11 that were operating here at the time could cause one or more to shut down. That has come to pass and then some.

Yet some analysts say what is happening in Atlantic City and other parts casinos in northeast the country is actually good for a market that has gotten too big to sustain itself. Fitch Ratings saw the upside in the shutdown announcement. Caesars will likely recapture most of the Showboat customers at its three other resorts casinos in northeast Atlantic City.

Adam Rosenberg, a managing director with Goldman Sachs, said the casinos in northeast in capacity that is underway is a positive. Srihari Rajagopalan, a debt analyst with UBS, agreed. Please choose your username under which you would like all your comments to show up.

You can only set your username once. This article is 3 years casinos in northeast. Atlantic City started the year with 12 casinos. By the end of August, it could be down to nine. Order by newest oldest recommendations. Show 25 25 50 All. Threads collapsed expanded unthreaded. Loading comments… Trouble loading? Signed in as Show comment Hide comment. Your comments are currently being pre-moderated why?

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