How much will PA table games cut into Atlantic City’s market share and what can Atlantic City do to reclaim its competitive advantage over PA and the other regional gaming jurisdictions?
Suzette Parmley reports “Table games to debut in Pennsylvania on July 8” in The Philadelphia Inquirer:
In Atlantic City, casino officials are bracing for more intense pain. Gambling revenue there in the first five months of this year totaled $1.49 billion, down 7.9 percent from the same period in 2009. Table games provide about a third of that revenue.
Spectrum Gaming Group L.L.C. analyst Joseph Weinert estimated that, in the first 12 months of table games, Pennsylvania would see about a 10 percent gain in gross gambling revenue.
“Just as the introduction of slot machines caused Pennsylvanians to stay at home to gamble, a significant part of the gain from table games will come at the expense of Atlantic City and West Virginia,” Weinert said.
That is how Rodger Hart, 29, of Norwood, who occasionally goes to Atlantic City for Texas Hold ‘Em, looks at it.
As he focused on an electronic blackjack machine at Harrah’s Chester, he said, “I’ll just come here.”
It has been inevitable that table games would come to PA casinos some day. That day has nearly arrived. What must Atlantic City do to reclaim its competitive edge against PA and other regional gaming jurisdictions? How much will PA table games cut into Atlantic City’s market share?
Please leave your answers and comments below.
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