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Golden Nugget Owner Doesn?t Think Atlantic City Can Support Nine Casinos

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Golden Nugget Owner Doesn?t Think Atlantic City Can Support Nine Casinos Golden Nugget Owner Doesn?t Think Atlantic City Can Support Nine Casinos

Golden Nugget Owner Doesn?t Think Atlantic City Can Support Nine Casinos

Recent gaming figures in Atlantic City have been positive, but the Golden Nugget?s owner isn?t having any of it. In an interview with The Press of Atlantic City, Tilman Fertitta said that there are simply too many casinos in the east coast gambling hub. The market is becoming diluted.
?It?s not a nine-casino market, and I don?t understand why nobody realizes that,? he said.
Tilman Fertitta
Photo credit: Diego Pimentel via Flickr

What he is specifically referencing is the opening of both the Ocean Casino Resort and Hard Rock Atlantic City in June of last year. They joined Bally?s, Borgata, Caesars, Golden Nugget, Harrah?s, Resorts, and Tropicana to form a fleet of casino resorts up and down the Boardwalk.
?This is what happened to Atlantic City the first time, and it?s how the casinos got all run down. People didn?t have the money to keep (their properties) new and fresh by putting money back into it,? Fertitta explained. ?I think it?s a huge mistake again. It?s a seven-casino market, and when it was seven casinos, everybody was putting money back into the properties. Now, they won?t.?
There were a dozen casinos a few years ago
The ?first time? has to do with the rash of Atlantic City casino closures that were partially the result of an economic downturn and partially the result of market oversaturation. In 2014 alone, four casinos closed:
Atlantic Club ? January 13, 2014

Showboat ? August 31, 2014

Revel ? September 2, 2014

Trump Plaza ? September 16, 2014
Two years late...
articulo visto
veces, esta semana
Golden Nugget Owner Doesn?t Think Atlantic City Can Support Nine Casinos Golden Nugget Owner Doesn?t Think Atlantic City Can Support Nine Casinos


Source of news: Flush Draw
Source of publication: 01-10-2019 16:13
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