The effect of legalizing Sports Betting on Atlantic City and Las Vegas

After the monumental decision to legalize sports betting this week, Las Vegas and Atlantic City captured the spotlight. While most pundits shared opinions on ways to enjoy this practice legally in their own states, these two cities have the major ramifications. We will share  two of them.

Las Vegas will capture the attention of organizations that are adding sports betting to their gaming venues. This will include casinos and racetracks. They will emulate Vegas and attempt to do it on the same level but with a higher tax structure. Imitation is good but the results will not suffice. Look at the profit margin for most sports books. Casinos and Racetracks should lobby their state legislatures to come up with a tax rate that will allow them to make a profit and grow the market simultaneously.

Atlantic City will change the tourism paradigm of the Northeast and Mid Atlantic regions. During March Madness and the Super Bowl weekends, thousands of gamblers fly to Nevada to bet on the aforementioned events. They don't have to anymore. This effects air travel and hotel occupancy. Nevada goes down slightly while New Jersey goes up, The airport in Atlantic City gets a facelift. More flights into Philly and New York from the South and Mid West because of the reduction in travel time. Gamblers despise traveling across country when they have other options available. Gas

prices will inch up in the months of January thru March. Expect an increase in tolls that lead to AC in the next 12-18 months.

We will share more in the weeks leading to the #ECGC22. Look forward to seeing you then.
Here is the link to the top gaming conference this year. East Coast Gaming Congress


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NBA Conference Finals

NBA Conference Finals are here. The review of the semi finals has us at 75 %. Philly losing to Boston was the only selection that fell short. Warriors won in 5 as predicted and Lebron dominated the Raptors. Again! We did not think sweep however. We did think that about Rockets but they took care of business in 5.

Cavs and Celtics- Take the Cavs over the Celtics in 6. Lebron will not let his team give away games the way the Sixers did. Kevin Love and Kyle Korver are playing well at the right time. The Celtics youth will show up this round with Tatum and Rozier.

They need Kyrie!

Rockets and Warriors- Warriors in seven. A great series with defense of Golden State deciding it. Rockets must shoot exceptional to hang with Warriors. Warriors will defend and challenge 3 point shooters. Durant will dominate his match up with Harden. Paul will play well against Curry.

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                   Check out our app, Smart Responsible Gaming at thegamingguym.com

                   Look forward to seeing you at the East Coast Gaming Conference in AC. 

                                                     Click June for details.

The side effects of Hard Rock Hotel and Casino 40 days before opening

We are seeing the adverse effect that Hard Rock and Ocean Resort Hotel and Casino are having on the Mid Atlantic Gaming region prior to opening. This side effects will not diminish the magnitude of each property and their opening dates. We like the concept of both new properties opening on the same day. They have brought attention back to Atlantic City along with thousands of jobs and tax revenue.

The side effects are the secondary problems for casinos that operate in Pennsylvania and Maryland. Many workers at those facilities migrated to them when Revel, Showboat and Taj Mahal closed. Many still have residences in or near AC and were looking for an opportunity to return. This will create a deficit in the short term for casino operators in those aforementioned states. The positions that will take the biggest hit are food & beverage, player development and table games.

Another secondary effect is the anticipated entertainment that both properties will have. Ocean Resort will have Top Golf as part of their amenities. Hard Rock announced they will have over 300 diverse live performances. The experience of going to Atlantic City will trump the convenience of gaming locally in the short term. Since entertainment dollars are judiciously spent, customers will be selective about what acts and events they are going to see.

We will elaborate in a future post as to what alternative methods the casinos within 2 hours of Atlantic City can do to respond. A link to "Side Effects of You" by Fantasia is here in the meantime.

                   Follow me on Twitter, Facebook, Pinterest and Instagram for updates!
                   Check out our app, Smart Responsible Gaming at thegamingguym.com

                   Look forward to seeing you at the East Coast Gaming Conference in AC. 

                                                     Click June for details.