East Coast Casinos Hoping Hurricane Earl Path Keeps Storm Away
The Hurricane Earl path is being closely monitored by casino executives up and down the East Coast of the US. If the casino should move closer to land, the possibility exists that gambling could be disrupted at many different casinos up the coast.
The biggest concern on Monday came from Atlantic City, where the storm was projected to hit. By the end of the night, however, Hurricane Earl was projected on a different path that would keep it away from land in New Jersey. The Jersey Shore should still feel the effects, just not as strong as they could have been.
The first area always concerned when storms start to form in the Atlantic is Florida. The Sunshine State has had some devastating hurricanes hit over the years, and now the gambling industry would be affected by another direct hit. Florida has recently expanded their casino gambling options, and that has pari-mutuels running slots and card games later into the night.
If a potential hurricane should veer to the West, like Hurricane Katrina did, it would be detrimental to the Gulf Coast gaming industry. Mississippi and Louisiana casinos were ravaged by Katrina, and it took several years to get business back to normal. At the time when the clean up from Katrina was almost complete, the economic recession hit the country.
"Over the years, hurricanes have caused millions of dollars in damage and lost revenue at casinos throughout the US," said Gaming Analyst Steve Schwartz. "Each year, with the casino industry growing in the country, more attention is being paid by industry insiders to when and where storms will hit during hurricane season. Fortunately, Earl has been the first significant threat this year."
The majority of the damage caused by Earl is expected to be some high winds and rip currents. The storm could always change course, but meteorologists are predicting that Earl will continue to move away from shore. The East Coast will begin feeling the effects of the storm on Tuesday and those effects should continue through the weekend along the East Coast.
August 31, 2010
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com
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