BUSINESS

Lawyers fear American land-based casino market is saturated

TAGs: casino market saturated, Philadelphia

Lawyers-casino-market-saturatedWhile more and more cash-strapped U.S. states are looking to boost tax revenues by switching on the gambling taps, they may eventually discover that there’s no more pressure in the pipes. Lawyers specializing in the gaming industry are busier than ever guiding different levels of government down the road to casino town, but is there enough slack in the market to make all these moves pay off? As one lawyer puts it, “If I am standing at the corner of Broad and Market in Philadelphia, I have 18 places [to gamble] within an hour-and-a-half drive.” Guess it won’t be long before one of these piranhas-in-pinstripes suggests that the solution is for governments to restrict driving privileges. Read more.

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