Nutter not worried about a casino glut in region

Philadelphia’s Mayor isn’t worried about reports there could be a glut of casinos in the Philadelphia region.
Projections are that by the year 2013, the Wilmington to Bethlehem corridor could be one of the nation’s top gambling markets, with seven casinos and close to two billion dollars in annual casino revenue.

Philadelphia’s mayor isn’t worried about reports there could be a glut of casinos in the Philadelphia region.
[audio:100223TMCASINO.mp3]
Projections are that by the year 2013, the Wilmington to Bethlehem corridor could be one of the nation’s top gambling markets, with seven casinos and close to two billion dollars in annual casino revenue.

But officials at the Philadelphia Park, or Parx Casino as it is called, have filed suit to block a smaller gambling operation in Valley Forge, alleging it would cannibalize the competition in a saturated market. Philadelphia has two casinos planned, but Mayor Michael Nutter says he doesn’t think it will create a glut.

Nutter: I think anyone making predictions about the next three to five years it’s a little challenging because of the economic environment, we’ll see I think the marketplace will determine who succeeds and who doesn’t but we’ll see what happens.

The mayor says Philadelphia has many unique assets that cannot be found anywhere else and he’s predicting there will be two premiere gaming facilities in town.