Hurricane Earl Path May Disrupt Atlantic City Casino Gambling

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The Hurricane Earl path has been laid out by meteorologists and the news is not good for New Jersey and the Atlantic City casino gambling industry. If the most popular path is followed, storms are expected to hit New Jersey by Friday morning.

Usually it is Florida and the Gulf Coast that has to worry about the worst damage from hurricanes that brew in the Atlantic. Earl, however, is taking a path that could bring storms all the way up the East Coast from North Carolina north.

Atlantic City casinos narrowly escaped potential danger when Hurricane Danielle veered East and only brought light rain into the area. The prognostication for Earl creates the opportunity for a much more direct hit on New jersey beaches and the surrounding areas.

"This is just not the type of news that AC casinos were hoping for," said Gaming Analyst Steve Schwartz. "All summer, the casinos have received one piece of bad news after the next, and now it appears that Earl may make matters even worse this weekend. The city (Atlantic City) and its gaming industry simply cannot catch a break."

Earlier this summer, the harsh reality of competition from Pennsylvania casinos hit home at AC casinos. The Pennsylvania casinos added began adding table games starting in July, and revenue from the table games and the slots could soon start to rival AC casinos.

The economic recession dealt the first blow to Atlantic City a couple of years ago. Several developers had plans of creating mega-resorts in the city, and existing casinos were set to renovate. The recession caused many of these developers and casino owners to adjust their intentions, and projects have been dormant ever since.

Competition is not only coming in future years from Pennsylvania, but also from other Northeastern states. New York, Delaware, and Maryland have already expanded their casino gaming options, and Massachusetts, Maine, and New Hampshire may soon do the same.

August 30, 2010
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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