atlantic city casinos that are still open

New York casinos could still face an uncertain future because of the extent of regional competition. 'There isn't a gaming company in America that isn't paying attention to New York, and there's not a gaming company in America that's not interested in having an opportunity in New York,' Bronson said. Of course, ignoring potential New York City casinos might be impossible. ( Read more: Science says casinos could make Wall Street riskier) Yet, despite the fact that New York casinos are likely to hasten the demise of Atlantic City, Caesars donated $100,00 to the New York Jobs Now Committee, which supported the pro-casino amendment.Ĭaesars did not immediately respond to a request for comment. He rates Caesars shares sell, and estimates their fair value (similar to a price target) at $9. due to what we're seeing in regional casino markets, and Caesars is the most exposed to regional casino markets,' Mollman said. 'We continue to have a negative outlook for casino companies in the U.S. The company lost $761 million in the third quarter, largely because of a massive write-down of Atlantic City assets. The company owns four casinos there (Bally's Atlantic City, Caesars Atlantic City, Harrah's Atlantic City and Showboat Atlantic City), which have been a serious drag on earnings. If Atlantic City does slip into further decline, Caesars Entertainment could be deeply affected.

I think it will keep the money in this state and I think it is a major economic development vehicle for the Hudson Valley especially and for upstate New York.' We literally hemorrhage people from the borders who go to casinos. Andrew Cuomo made the case for the casino amendment by telling the press, 'New Jersey has casinos. The New York Daily News reported that Gov. Part of the rationale for opening casinos in New York has been that it will capture gambling money that has been going to Atlantic City and other places. ( Read more: Stronger than the storm? Maybe not Atlantic City) It had 10 good years when it was pretty unique, but then we got Indian casinos, and then gambling in Pennsylvania.'

'Atlantic City's time has come and gone,' said Harold Vogel, the CEO of Vogel Capital Management and the author of the bedrock textbook ' Entertainment Industry Economics: A Guide for Financial Analysis.' 'It was second after Nevada, and it was a special place in a small location. Resorts was the first legal casino on the East Coast when it opened in Atlantic City in 1978. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

Atlantic city casinos that are still open