Atlantic City is currently home to nine casinos located along the iconic boardwalk and surrounding areas, all competing for gaming, entertainment, and sports betting revenue. However, a recent decision by New York regulators could significantly reshape the regional casino landscape and impact Atlantic City’s long-term competitiveness.
Last Monday, the New York State Gaming Facility Location Board approved plans that could lead to the development of three new integrated resort-style casinos in New York City—considered the largest untapped casino market in the United States. Located approximately two hours and 45 minutes from Atlantic City, the proposed casinos are expected to intensify competition for regional gaming dollars.
“The addition of three integrated resort-style properties in the region will, at least in the short term, increase competitive pressure on Atlantic City operators,” said Jane Bokunewicz, Director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University’s School of Business.
For more information about Atlantic City properties for sale or lease, please contact WCRE at 215-799-6900.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory, and property management firm, is a premier Atlantic City commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.
Please visit our website, www.wolfcre.com, for a full listing of commercial properties for lease or sale through our commercial real estate brokerage firm.
