Magazine article Business Credit

Industries to Watch: Eastern U.S. Gaming Not a Long Shot but No Sure Thing for Creditors

Magazine article Business Credit

Industries to Watch: Eastern U.S. Gaming Not a Long Shot but No Sure Thing for Creditors

Article excerpt

Gambling in the United States never seems to fall out of fashion. And, while there has been quite a boom in the Eastern U.S. for legalization of gaming operations in recent years, the surge could cause some operators to eventually go bust to the surprise of some flat-footed creditors. Knowing your customers and keeping tabs on how they are doing (if they are a "have" or "have not" in a growingly saturated sphere) can make quite a difference to the A/R bottom line.

Maryland is just the latest state to allow, by voter referendum, expanded gaming operations at several sites throughout the state, which will include table games as well as "slot-parlor" offerings. Ohio is a recent player in the market, too, with several operations. They join relative newcomers in recent years in states including Pennsylvania, West Virginia and Delaware, not to mention the many longtime operators of Atlantic City, NJ and a couple on tribal lands in Connecticut. What does that mean to suppliers of everything from gaming machines to carpeting to food services to cups for beverages that end up in these casinos? It means there is plenty of, if not too much, competition for those customer gaming dollars. …

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