New US east coast casinos are springing up in attractive locations close to major US cities. These new casino resort complexes are in new catchment areas.
US East Coast Casinos to open soon
Investment in US casinos is shifting away from Las Vegas and Atlantic City, the two major US gambling centres.
The fortunes of Atlantic City have been declining for many years. Atlantic City’s gaming revenue last year was just $2.56 billion, down from $5.22 billion in 2006. Las Vegas continues to impress with a gaming revenue of $6.32 billion in 2015. There are 1511 casinos across the US generating a total of $71.1 billion. Las Vegas and Atlantic City currently account for only 12.5% of US Gambling Revenue which is a surprising statistic.
The geographic spread of casinos in the US is an important factor. Obviously, the location of a casino will determine how many visitors it gets. Las Vegas and Atlantic City might be the main centres but US casino business is not centred in those locations.
The largest Las Vegas casino operators are now expanding eastwards, there are some large new East Coast casinos projects under way. Las Vegas Sands has already opened the Sands Bethlehem in Pennsylvania during 2010. It has 180 gaming tables and more than 3000 slot machines. The hotel has more than 300 rooms. It has been very successful operation.
This week another large US east coast casino opened just a short distance from the capital city of Washington DC. The new MGM National Harbour Casino is a $1.4 billion dollar project and includes 308 hotel rooms, 3,300 slot machines and 124 table games. There are also a number of bars and restaurants within the complex. MGM also operate the Borgata casino in Atlantic City so they have expanded their catchment area by opening this new east coast casino.
The new 5 star Wynn Boston Harbour Casino Resort is under construction and due to open during summer 2019. It is a 33 acre site and will include a convention centre and 600 room hotel.
Increasing gambling catchment areas
The tendency prior to these new gambling facilities was to centre casinos in large holiday resorts. These new east coast casinos are already attracting casual visitors who might not have travelled as far as the larger holiday resorts. It makes sense to build new east coast casinos in locations of interest which boosts much-needed tourism in those areas. The casino operators are also increasing their catchment areas.
Read more about Las Vegas gambling history.