The Atlantic Club Casino Hotel closed in January and the latest addition to the boardwalk, Revel, is scheduled to go on the auction block on Aug. “And in the absence of a reduction in supply, the operators would just continue to cannibalize one another in a desperate attempt to get customers in the door.” “It’s very clear that the market can’t withstand additional competition coming from Pennsylvania and New York,” she said.
Peggy Holloway, a vice president at Moody’s Investors Service, said the casino supply is adjusting to a world in which Atlantic City no longer has a monopoly on gaming in the region.
WHYY thanks our sponsors - become a WHYY sponsor
