Many of Atlantic City famous casinos might be in huge trouble since the opening of three new casinos in New York has been officially announced recently.
While two-thirds of the country now offers legal sports betting, only six states offer online casino gambling, confounding industry hopes that the rapid growth of sports betting would also bring internet casino wagering along with it.
ATLANTIC CITY, N.J. (AP) Panelists at a major casino industry conference said the construction of three new casinos in New York could cost Atlantic City 20%
While two-thirds of the country now offers legal sports betting, only six states offer online casino gambling, confounding industry hopes that the rapid growth of sports betting would also bring internet casino betting along with it
Panelists at a major casino industry conference said the construction of three new casinos in New York could cost Atlantic City 20% to 30% of its casino revenue, a development that could possibly return the resort to the days of casino closures.