ATLANTIC CITY, N.J. (AP) - November 6, 2008
In a news release Thursday morning, the Las Vegas-based casino
developer cites the continuing tight credit market, which is making
it nearly impossible to borrow money, as well as increasing
competition in Pennsylvania and Maryland.
Maryland voters this week approved 15,000 slot machines in five
locations, which will further eat into Atlantic City's customer
base.
The company is also not happy that Atlantic City is soliciting
plans from developers to build casinos on the former Bader Field
airport site, further increasing competition within Atlantic City.
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