“It could happen,” Allen told The Associated Press in an interview after his speech. Speaking at the East Coast Gaming Congress, Allen warned that New York’s coming casinos will have a big effect on Atlantic City. Hard Rock, which owns a casino in Atlantic City, is among the bidders for a New York casino. While not predicting that it will definitely happen, Jim Allen, chairman of the global Hard Rock casino, entertainment and hospitality company, on Thursday said that such a revenue drop could lead at least one Atlantic City casino to close. (AP) - Panelists at a major casino industry conference said the construction of three new casinos in New York could cost Atlantic City 20% to 30% of its casino revenue, a development that could possibly return the resort to the days of casino closures.
Business & Finance Click to expand menu.ĪTLANTIC CITY, N.J.
