The market is looking for something different.”īlatstein said he has a casino concept in mind but would not reveal it. “We have nine casinos well within a short trip from one-third of the nation’s population. “There are 104 casinos in Las Vegas in the middle of nowhere,” Blatstein said. He said he believes the market can handle another casino. The state Casino Control Commission gave Blatstein preliminary approval Monday to pursue a casino license. Of the seven casinos that were operating before Hard Rock and Ocean Resort opened last June, six won less in 2018 than they had in 2017, the latest of several indications that concerns about whether Atlantic City was re-expanding to an unsustainable size are valid. The new competition is raising the market’s overall casino revenue, even as it places more strain on existing casinos that had done better in recent years in a smaller market. The fourth casino, the Atlantic Club, remains shuttered and numerous deals to sell it have fallen through. WHYY thanks our sponsors - become a WHYY sponsor
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