ATLANTIC CITY, NJ—Goldman Sachs analysts expect competition among casino resorts here is going to heat up when the Borgata opens next year, and further with the possibility that Pennsylvania’s Governor-elect Ed Rendel will increase his state’s gaming stock. In order to compete, operators will have to invest an increased amount of capital in their properties, Goldman Sachs believes. This could include installing new slots, improving amenities and increasing overall room quality. Analysts contended properties owned by larger companies with more access to capital will be best positioned as the market heats up. Goldman Sachs also noted Pennsylvanias Governor-elect, Ed Rendel, is expected to increase the gaming inventory via the expansion of casinos in Pennsylvania, possibly adding riverboat casinos in the future. In general, gaming in Pennsylvania is a major concern for operators, as every casino in Atlantic City draws some percentage of their customers from Pennsylvania, according to the Goldman Sachs report.
Previous ArticleWyndham Gets Connected With Centralized Telecom System
Next Article Kimpton Names DeFrino East Coast VP