“While it’s possible that one or more casinos could fold their tents and exit the market, there is also an opportunity for casinos to expand their offerings and give New Yorkers a reason to drive down to” Atlantic City, he said.
“The ones that don’t will get right-sized or shut out of the market,” he said, adding “this is going to be a very long process.”ĭavid Schwartz, a gambling historian with the University of Nevada Las Vegas, said a lot depends on how Atlantic City’s nine casinos react to the new competition. At the same conference on Wednesday, several Wall Street analysts also predicted New York casinos will take a bite out of Atlantic City’s business.ĭuane Bouligny, managing director at Wells Fargo said Atlantic City casinos that continue to invest in their businesses and have good leadership will grow.
