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Roulette in Manhattan not such a long shot

May 27, 2016 10:06 AM ETBoyd Gaming Corporation (BYD) StockMGM, BYD, PENN, NYNY, CZRBy: Clark Schultz, SA News Editor3 Comments
  • The talk at the East Coast Gaming Congress and iGaming Institute conference was on the impact of proposed casinos in northern New Jersey near New York City.
  • Voters in New Jersey will decide the issue in November, but it's what happens in New York if the measures passes that is creating the buzz. Some industry insiders think the Big Apple will consider allowing gambling inside Manhattan due to the threat just across the Hudson.
  • "New York City will retaliate violently," summed up Resorts Casino Hotel president Mark Giannantonio.
  • The prognosis on Atlantic City is that the city will lose three to five of its existing casinos if gambling opens up to the north.
  • Related stocks: BYD, CZR, MGM, NYNY, PENN.

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