A panel of casino executives will offer a timely update on the industry and its outlook Wednesday at the Greater Atlantic City Chamber’s annual membership meeting at the Stockton Seaview Hotel & Golf Club.
Executives from five casino companies in Atlantic City will present their views at a time of considerable uncertainty about the local industry and its future.
This month, gambling industry analysts speculated that one or two casinos might close if business doesn’t rebound quickly enough from Hurricane Sandy striking a large and key part of the city’s market. Yet operating results from the third quarter, nearly all of which was pre-storm, showed that the 11 casinos in business in the same quarter last year increased their gross operating profits by more than 2 percent.
The panel that will put all of this into perspective will include:
- Tom Ballance, president & COO, Borgata Hotel Casino & Spa
- Michael Garrity, chief investment officer, Revel
- Tim Ebling, CFO, Mohegan Sun/Resorts Casino Hotel and Margaritaville
- Tom Pohlman, executive vice president and general manager, Golden Nugget Atlantic City
- Tony Rodio, president and CEO of Tropicana Entertainment and president of the Casino Association of New Jersey.
The panel is scheduled from 4 to 5 p.m., followed by a networking reception until 6 p.m.
Business Editor Kevin Post