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As soon as the Borgata started taking bets on sports, it had a billboard announcing the new gambling outside the Lincoln Tunnel in New Jersey. “We feel like the vibrancy this type of offering will create will extend beyond just the race and sports book and spill out onto the rest of the property,” said Marcus Glover, the president and chief operating officer of the Borgata. Mr. Deifik, the owner of Ocean Resort, predicted that sports betting would keep more gamblers in the region. “Instead of getting on a plane and going five hours to Las Vegas from the East Coast and New Jersey, people will stay here,” he said. The bigger uncertainty about Atlantic City is what the reopening of two big casinos will mean for the market. Will they attract a significant number of new customers to the city or simply cannibalize the weaker competitors? Resorts made a profit of less than $3 million last year, compared with more than $80 million for the Borgata, according to the state Division of Gaming Enforcement. Bally’s, one of the three owned by Caesars, had a profit of about $8 million http://casinobingoxtv.tek-blogs.com in 2017.
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