Atlantic City casinos at risk due to regulation changes
A report by Fitch Ratings reflects that Atlantic City’s casinos will be more at-risk in the near future from pending gaming regulations changes.
US.- Atlantic City casinos will be facing more risks in the near future due to changes in regulation and the casino expansion in the region, said a Fitch Ratings report.
In the vicinities of Atlantic City, Pennsylvania, New Jersey and Arkansas all made progress toward expanded casino gambling, whilst the latter two may see additional changes via referendum in November.
Back in June, Fitch Ratings predicted that as many as four more Atlantic City properties could close if casino gambling comes to North Jersey. Voters will decide in a November referendum whether to approve as many as two North Jersey casinos.
“The regulatory landscape casinos have contended with, in some cases for many years, is continuing to evolve,” says Alex Bumazhny, Senior Director. “As iGaming gains steam, daily fantasy sports rules develop and individual states consider expansion, Atlantic City is not the only jurisdiction contending with the swift changes.”