BOSTON (CBS) – Too many casinos, not enough people.
That’s the take of a study by the University of Nevada, Las Vegas, showing more casinos have opened in the Northeast over the past decade than in any other part of the country, the Wall Street Journal reports.
Twenty-six casinos have opened since 2004, generating a 39-percent increase in total annual gambling revenue in the Mid-Atlantic and New England.
In the 1990s, Atlantic City, N.J., had an East Coast monopoly. There are now 24 casinos within 100 miles of Philadelphia with at least a dozen more gambling locations on the way from Massachusetts to Maryland, the Journal reports.
WBZ NewsRadio 1030’s Mark Katic reports