Many people say that those snowstorms
were some of the worst snowstorms that had happened after a number of years, and it seems that it is far from over as
weather news and reports claim that there will be more snow. With more of this ugly weather, Borgata Hotel Casino admits
that they are not looking forward to a good first quarter as their financial report will continue to show a decline.
In fact, Borgata Hotel Casino's revenue is expected to drop another five million dollars for the first quarter alone
due to the heavy snowfalls that have been recorded this season.
Stiffer Competition, More Problems for Borgata Hotel Casino
Bad weather conditions, it seems, are not the only thing that Borgata Hotel Casino has to worry about.
Nearby Pennsylvania is going to introduce table games in their casinos this year, and this will definitely mean a stiffer
competition for a good share of the target market. One other thing that raises the concern of Borgata Hotel Casino is the
possibility of adding more VLTs in Meadowlands racetrack, which is situated in Northern New Jersey. This means, yet again,
more competition for Atlantic City, one that Borgata Hotel Casino is dreading.
If and when these two events take place, this will definitely mean an end to the monopoly that Atlantic City has when it
comes to the casino industry in their area.
A Silver Lining
Although this is not what Borgata Hotel Casino wants to happen, the operators of this luxury casino– hotel is
confident that they are well positioned to meet this challenge. In fact, they are more than confident that business
will resume as usual, especially once the economy has recuperated from the devastating effects of the recession.
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