opening of Hard Rock and Ocean Resort<\/a>. Some analysts hope the new properties will attract new visitors and therefore grow the market, but Adams thinks any gaming increase “will be at the expense” of the other seven casinos.<\/p>\n“There is no white knight on the horizon for Atlantic City casinos,” Adams concluded.<\/p>\n
Sports Betting Impact<\/b><\/h2>\n
Casinos in New Jersey and Delaware will benefit moving ahead of having full-fledged sports betting now that those two states legalized the gambling activity in the wake of the Supreme Court’s May repeal of the federal ban.<\/p>\n
Sports betting isn’t a huge moneymaker for casinos. Nevada’s sportsbooks collectively won a record $248.7 million last year, or just two percent of overall GGR.<\/p>\n
What sports betting might do, however, is bring new patrons to Atlantic City. The goal would be to convert those sports fans to slot machines or table games after printing their betting slip.<\/strong><\/p>\nPennsylvania, New York, Rhode Island, West Virginia, and Mississippi have passed legislation to legalize sports betting, though operations aren’t yet underway. Another 13 states are considering measures regarding the recently liberalized gambling.<\/p>\n
Eilers & Krejcik, a gaming research firm, believes as many as 32 states will have legal sportsbooks within five years.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gross gaming revenue (GGR) in the US climbed nearly three percent over the first five months of 2018 compared to the same period in the prior year. Analyst Ken Adams writes in his monthly national gaming recap published for CDC Gaming Reports that May GGR totaled $3.56 billion, a 4.56 percent premium on May 2017. […]<\/p>\n","protected":false},"author":25,"featured_media":83610,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,1074],"tags":[],"acf":[],"yoast_head":"\n
Nationwide Gaming Revenue Up 2.8 Percent, Analyst Says Industry 'Solid'<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n