Mr. Bad News came a-knock-knock-knockin' on Atlantic City's door today with word that New York Gov. Andrew Cuomo is championing legislation that would pave the way for seven "Las Vegas-style" casinos in the state, including one in New York City.
This is a double-barreled bummer: The New York City market is Atlantic City's biggest supplier of customers. Being able to avail themselves of the kind of high-end amenities Atlantic City's gambling dens offer so much closer to home can't help but cut into AyCee's business. And putting casinos in the Catskill Mountains and other resort areas counters the seaside gambling capital's claim of being the East Coast's only gaming jurisdiction in an establish vacation destination.
If this comes to pass, it will be interesting to see what effect Empire State casinos have on those in Eastern Pennsylvania as well, particularly Sands Casino Resort, which depends heavily on business from the New York metroplitan region. Might New York casinos end up doing to the Sands what the Sands has, to some degree, done to AyCee properties?