[toc]Many experts agree that a rise in competition from neighboring states is the cause of much of Atlantic City’s financial problems.
Since 2014, five Atlantic City casinos have closed as customers continue to go to more convenient locations.
Now, with Tioga Downs expanding to a full gaming menu and three other lavish casinos scheduled to open in upstate New York, Atlantic City may receive yet another financial blow.
Tioga Downs opens gaming floor and poker room
“There’s a total of 37 table games that arrived today,” said the casino’s assistant general manager, Jeff Townsend. “We have three craps games, two roulette games, 19 blackjack games, and the rest are a combination of what we call ‘carnival games,’ which is ‘let it ride,’ three card, four card poker, and games of that nature.”
In the past, Tioga Downs has offered its customers the ability to wager on harness racing as well as slot machines but was unable to acquire a full gaming license. On its second attempt however, it was granted the licensure.
On Dec. 1, Tioga Downs hosted a grand opening for its full Las Vegas-style gaming venue, introducing players to 33 table games as well as a poker room. In addition to the new casino offerings, Tioga Downs’ expansion also includes a hotel, event space, and restaurants.
This marks the first of four upstate New York casinos scheduled to open by or within 2017.
Plans for the three other NY casinos
The three additional New York casinos scheduled to open are located in the Finger Lakes area, the Catskills, and Schenectady. State officials hope these new gaming venues will increase tourism and cause an influx in the local economies.
The largest of the four casinos, the Montreign, will be part of the $1.3 billion resort on the grounds of the former Concord Resort. It is located outside Monticello in the Catskills, about 90 miles from New York City, which analysts consider a vast pool of potential customers.
The Rivers Casino, which also won a license, will be located in a $300 million complex on a 60-acre waterfront property in Schenectady, near Albany.
The forth gambling establishment will be the $425 million Del Lago Resort & Casino located in the Finger Lakes town of Tyre.
All four casinos opening in 2017 will be entering competitive markets in an attempt to keep gambling dollars from leaving the state.
How will this affect New Jersey gambling?
It is unclear how these new gaming venues will affect Atlantic City, but one can only speculate that there will be a decline in casino revenue.
With popular casinos now located in Maryland, New York, and Pennsylvania, Atlantic City has fallen from its once-prominent position as the East Coast’s premier gambling destination.
With the rise in competition from neighboring states, it remains to be seen how the struggling seaside resort will adapt.