chukchansi hotel and casino fresno caMoody’s believes the opening of the Resorts World Catskills will further diffuse what is already a “very tough gaming market” and cannibalize business from nearby racetracks. uct that is inconsistent with our company policies or with the rules put in place by our regulators,” he added.“Resorts World Catskills will be competing for customers with other large, established competitors in New York, Pennsylvania and Connecticut.”seven feathers casino midget wrestlingAnd while the new casinos’ presence has grown the market slightly, it hasn’t been not enough to offset the cannibalization of other operators, Moody’s says.Catskills AdvantageThe report from Moody’s, a highly respected financial analyst firm, made several assertions that could cause concern.“Del Lago and Rivers have taken a big chunk of gaming revenue from their closest competitors, Finger Lakes Gaming and Vernon Downs. And similarly, Vernon Downs’ gross gaming revenue declined about 14 percent, from million to million.The analyst believes that Resorts World’s success will depend on attracting customers from existing competitors, and notes the Catskills property will have the added advantage of being closer to the New York metropolitan area. online casino real money bangladeshThese two casinos are located in the central portion of upstate New York, with Rochester and Syracuse as the primary feeder markets,” the report explained.“This trend, where newcomers are stealing share from incumbents, is consistent with what has been occurring throughout US gaming markets.“The report offered quantitative examples, noting that since del Lago opened, Finger Lakes Gaming’s gross gaming revenue dropped 15 percent, from 9 million to 0 million over 12 months. cache creek casino expansion

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