Gaming executives cite increasing East Coast competition

Wednesday, May 26, 2010  

The gaming market in the East Coast is getting more and more competitive, executives said.

Connecticut has two tribal casinos. Rhode Island has a racetrack with slot machines. New York has tribal casinos, racetracks and a slots parlor on the way. New Jersey has commercial casinos.

Pennsylvania has tracks with slot machines and table games are being added. Delaware is also bringing table games to racetracks. Maryland is opening a slot machine facility. West Virginia already has slots and will be adding table games.

Massachusetts is thinking about full-scale gambling. Rhode Island might do the same. And gaming options are increasing in Maine.

"I don't think it's saturated yet, but it's clearly crowded, clearly more challenging," John Finamore, senior vice president of regional operations for Penn National Gaming, said at the East Coast Gaming Congress, the Associated Press reported.

According to the AP, the East Coast gaming market generates $60 billion a year. The market is about half tribal and half commercial.

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Execs: East Coast casino market getting crowded (AP 5/25)