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Atlantic City Needs 'Survival of Fittest?'

PHILADELPHIA-The dozen casinos of Atlantic City may be slicing too many pieces of a diminishing pie, analysts suggested at the Pennsylvania Gaming Congress.

By Antoinette Martin | Updated on April 17, 2013

PHILADELPHIA-At a gaming industry conference here this week that focused on Atlantic City’s casino revenue woes, analysts said the only way to recovery may be if several of the weaker outlets are allowed to fail, reports the Press of Atlantic City.

“We would like to see a couple of them shut down,” Christopher Jones of the Telsey Group of New York, said bluntly.  He said the most likely candidates to fail are Resorts Casino Hotel and the Atlantic Club Casino Hotel, which is currently being acquired by the online gambling company PokerStars.

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