This week, I offer some thoughts on casino saturation in the Green Felt Journal:
One-third of Atlantic City’s casinos have closed this year. Simultaneously, new casinos are under construction or on the drawing board in surrounding states. So how many casinos are too many? More pressingly, has the industry reached the saturation point?
The market for what’s existing is gone–now is the time to build for future demand, which is likely going to look very different from what worked in the 1990s.