Atlantic City, once known as the gambling capital of the East Coast, is facing a new threat to its reign as the premier gambling destination in the region. Not only are the New York casinos siphoning off customers, but now a prominent developer is predicting that a casino in the Meadowlands is on the horizon.
The Meadowlands, located just outside of New York City, has long been a prime location for a potential casino. With its close proximity to the bustling metropolis, developers have long eyed the area as a potential goldmine for gambling revenue.
One such developer, who wished to remain anonymous, recently spoke with KSTP News and revealed that plans for a Meadowlands casino are already in the works. The developer cited the success of the new New York casinos as a major factor in pushing forward with the project.
“The New York casinos have really hurt Atlantic City’s bottom line,” the developer said. “People in the region are looking for new, more convenient places to gamble, and the Meadowlands is the perfect location for a casino.”
The developer also pointed to the potential revenue that a Meadowlands casino could bring in, estimating that it could generate hundreds of millions of dollars in annual revenue. This influx of money could provide a much-needed boost to the struggling New Jersey economy.
While plans for the Meadowlands casino are still in the early stages, the developer expressed confidence that the project will move forward and that a casino will be up and running in the near future.
However, not everyone is thrilled about the prospect of a Meadowlands casino. Atlantic City officials have expressed concern that a new casino in the region could further harm their struggling economy.
“We are already facing stiff competition from the New York casinos,” said Atlantic City Mayor Marty Small. “Adding a casino in the Meadowlands would only make matters worse for us.”
Despite the opposition from Atlantic City, the developer remains optimistic about the future of the Meadowlands casino. With the potential for millions of dollars in revenue and a prime location just outside of New York City, it seems likely that a casino in the Meadowlands could become a reality sooner rather than later. Only time will tell how this new development will impact the gambling landscape in the region.