Developer: Can't have casinos everywhere [View all]
Casinos are not like Starbucks stores: you really can't have one on every corner.
That's the word from David Cordish, whose company is opening a huge new casino next month in Maryland.
Yet Cordish warns that the expansion of casino gambling can't go on unchecked forever. A big problem is the attitude of politicians across the country who view casinos as free money.
"I don't know how we can control the politicians; they certainly don't understand the word `oversaturation,"' Cordish said. "They think you can have casinos like Starbucks."
If that attitude continues, Cordish said, "it's going to implode on them."
The expansion of casino gambling has continued rapidly over the last several years, nowhere more fiercely than in the Northeast. There is serious disagreement within the industry as to whether the market is oversaturated or whether there is room for further growth. But most agree it is tougher to do business in the Northeast casino market than it ever has been before.