With sports betting legal in states like New Jersey, Rhode Island and most recently Iowa, attracting the millennial gambler is one game most casinos are learning to play.īut Allen isn’t switching up his business strategy too much, telling Yahoo Finance “the margins are very slim. “ Borgata will be okay, maybe one or two of the Caesars ( CZR) properties but then after that I think it starts to get a little more questionable.” Regardless of what happens to the city, Hard Rock “will be okay, because frankly there is no debt on the property,” Allen explained. At that time, Atlantic City’s bond rating was slashed to junk, and it nearly defaulted on its debt. In recent years, the gambling-reliant economy has seen a resurgence since the dark days following the Great Recession. CBS News Miami: Free 24/7 News CBS Miami App Florida Lottery Meet The Staff/Send Tips Miami FC Facing. If that continues,“Atlantic City’s days are good,” Allen added. The latest expansion of the Seminole Hard Rock Hotel and Casino was unveiled Wednesday. “But clearly the town needs to focus on infrastructure and continuing to upgrade the image of Atlantic City.” Seminole Casino Coconut Creek offers an energized & upscale locals casino experience featuring Las Vegas-style Slots, live Table Games, live Poker. “We’re very happy with the market-it’s growing,” Allen told Yahoo Finance. It was only a year ago that the chain debuted in Atlantic City, taking part in a boom that’s seen the city’s casino revenue by double digits every month since its opening.

The Florida expansion also converges with Hard Rock’s push to rapidly expand its hotel division. New guitar-shaped Hard Rock Casino Resort (Courtesy: Seminole Hard Rock Hotel & Casino Hollywood) Buoyed by Atlantic City’s boom

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