Casino Mogul Warns Of Online Casino Peril
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David Cordish, 81, is the CEO of the Live!-branded casinos in or near Philadelphia, Pittsburgh and Baltimore. He is skeptical about the potential for online casino gambling. He believes only a small group of companies can afford to spend up to $1 billion or more to construct a traditional casino. iGaming is not open to the internet. It is a very small market. The people who can get into igaming are big names like Amazon, Facebook and Google.
Delegate Shawn Fluharty, 37, believes sports betting should be passed for show and iGaming for money. Bally’s Chief Marketing Officer Phil Juliano thinks there will be three New York City-area casino licenses issued by early 2023. Julianos doesn't think Atlantic City will get a casino, because it needs to improve to be a destination beyond just a gaming experience. Kevin O‘Toole, Pennsylvania”s chief regulator, explains that the state has 59 truck stops with a handful of “video gaming terminals“.
Maryland Delegate Darryl Barnes is chairman of the state's Legislative Black Caucus. He thinks there is a lack of diversity in gaming hiring. New Jersey's sports betting industry has grown. New York had a record $1.01 billion handle in September.
Phil Murphy is the fifth governor to speak at the conference's 24-year history. He also signed a law that allows those convicted of non-violent drug offenses to be licensed to work in the city's casinos.
