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Are There Too Many Slots In The Northeast?

The Northeast area of the United States (encompassing New England and the Middle Atlantic region) is virtually swimming in slot machines. The U.S. has some of the most puritanical and old-fashioned notions regarding gambling of anywhere in the world, but this section of the country maintains a much more liberal attitude towards extended gambling and slot terminals. Perhaps even TOO liberal. Is the northeastern part of the country saturated in slots? There are indications that it just might be.

Atlantic City, New Jersey, is in trouble. The troubled American economy has hit the entire casino industry hard, and it’s not as if Las Vegas has not seen its numbers drop. On the other hand, however, Atlantic City has really been suffering. Most experts believe that dramatically increased competition is what’s primarily to blame for this effect. The number of tourists is way down, most likely because many former Atlantic City visitors no longer have to leave their home states to play the slots. The failure to attract a younger generation of visitors has also been attributed to the decline of this once-bustling destination.

That’s to say nothing about the fizzling of Maryland’s dreams of economic recovery by way of slot machine gambling. The state has not yet received enough acceptable bids to develop the five slot game casinos that were approved by voters in November after Legislators got them all excited about potential revenues. Slots in Pennsylvania are also performing at a lower level than expected, and the only possible explanation is over-saturation of the market.

Back to February 2009 Archive.