Caesars and Bally's

Caesars Atlantic City and Bally’s Atlantic City

The global gaming market is expected to see moderate growth in 2018, according to a report from Fitch Ratings.

“2018 is set to be a good year for gaming operators and suppliers globally amid a strong economic backdrop and a relatively benign new supply environment,” said Alex Bumazhny, senior director at Fitch Ratings.

Despite the positive outlook, the report warns of potential issues in some regions, including the Northeast.

“However, 2018 is not without risk for all,” the report states. “Northeast U.S. will get more saturated with four casino openings in 2018. More broadly, the regulatory and new supply risks are relatively benign in the mature gaming industry.”

Hard Rock Hotel & Casino Atlantic City is scheduled to open in the summer, and Revel, which could be sold in the coming months, is expected to reopen at some point. Meanwhile, both MGM Springfield in Massachusetts and Resorts World Catskills in Thompson, New York, are set to open next year and provide competition.

According to the report, more than 8,875 new slots are expected to come online next year.

“Slot demand could pick up further as top-line among the operators improves and Caesars emerges from bankruptcy,” the report states.

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Contact: 609-272-7046 Twitter @acpresshuba

Started working in newsrooms when I was 17 years old. Spent 15 years working for Gannett New Jersey before coming to The Press of Atlantic City in April 2015.

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