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How New York Casinos Will Affect Atlantic City

New York voters have approved the development of at least seven new non-Indian land based casinos in the state. Furthermore, New York City will house at least one casino, which means that Atlantic City land based gambling establishments will be considerably threatened, taking into consideration that casinos in this region are already struggling with competition from neighboring states. Gaming analyst Chad Mollan explained that Atlantic City gambling operators should be concerned about the viability of local casinos in the long run.

New York Governor Andrew Cuomo said in a recent statement that operators who will buy casino games and open brick-and-mortar casinos in New York will lure in consumers who used to go to New Jersey, Pennsylvania and Connecticut casinos, this way keeping money gambled by New Yorkers inside the state. Thus, if New Yorkers no longer cross the border to play casino games, Atlantic City will see a significant fall in revenues.

One of the gaming companies which will be significantly influenced by the expansion of the New York gaming industry is Caesars Entertainment, which runs four casinos in Atlantic City. On the other hand, there is no way to tell how casinos in New York will be affected by operators in neighboring states who will most surely resort to more aggressive marketing strategies.

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