Making the News

Philadelphia Inquirer

Originally Published:Wednesday, September 1, 2010

Gomes names N.Y. partner in Resorts casino acquisition

"I think that Resorts will be reinvigorated and become profitable under Dennis Gomes," said Joseph Weinert of Spectrum Gaming Group L.L.C. in Linwood, N.J. "The critical question for Atlantic City is whether that profit is the result of cannibalization or market expansion. Suffice to say, the latter would be much healthier for the city.

"Right now, Atlantic City favors those properties that have regularly invested major capital into high-quality, younger-appealing, predominantly non-gaming amenities," he said. "The smaller properties have had difficulty keeping up with the investments of the largest players, leading to a vicious circle – and leading to the point where they are today, which is financially struggling."

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