Atlantic City’s Best Years are Still Ahead, According to Resorts CEO
According to a panel of industry experts at the Stockton University Atlantic City Campus, the future of the casino business in Atlantic City will depend on new technology, diversity, and inclusion, as well as if the city, state, and county can learn to work together. A panel discussion regarding the procedure and effects of legalizing casino gaming was held on December 8 in honor of the 45th anniversary of gambling in New Jersey.
President of the Casino Association of New Jersey and Stockton University graduate, Mark Giannantonio attributes the success of the Atlantic City market to a number of generations. He is also the president and CEO of Resorts Casino Hotel. Giannantonio also emphasized that there is still a lot of work to be done. However, Giannantonio thinks that the best years in gambling are still ahead of us.
He believes that the older generation deserves praise from the industry since they put in an incredible lot of effort to bring the industry where it is now. Giannantonio asserts that he can now see the stars aligning. He anticipates the finest years for Atlantic City. It will be hard, he says, but not impossible.
Giannantonio pointed out that in order to entice tourists during the off-season, the city and the market must cooperate.
He said that the issue was the lack of players on the street. Infrastructure and unrestricted capital investments will work on that. Who wouldn’t want to invest in a seaside neighborhood?
Giannantonio stated that the market is still going through difficult circumstances and is recuperating from the epidemic, but he is still quite optimistic about the future, even if figures were down 7% in October when it comes to the casino floor profits.
Giannantonio was alluding to the less encouraging income figures for Atlantic City in September and October compared to September 2019 – before the coronavirus epidemic.