What impact will Pennsylvania’s recently legalized gambling have on the state’s cinemas?
PENNSYLVANIA — Back when gambling became legal in New Jersey, many of that state’s longstanding successful businesses collapsed, some literally overnight, and movie theaters were no exception.
In New Jersey’s case, because the casinos generated far more revenues than traditional businesses could possibly even begin to, once the casinos went into full swing they absorbed so much political attention that it quickly became like New Jersey’s casinos were the only recognized revenue source there was.
Few if any of New Jersey’s traditional business operators foresaw this ahead of time, while many mistakenly believed the casinos would help uplift their businesses as well. In one or two rare instances it did pan out that way, but only because gambling was restricted to Atlantic City alone. Countless other businesses folded overnight, however, given how to such a large degree Atlantic City’s casinos were self-contained, replicating the same exact things that they sought to offer.
In Pennsylvania’s case, however, gambling is to be introduced throughout the entire state. No firmly set restrictions regarding final locations. Nor do there seem to be any firmly set restrictions on what Pennsylvania’s casinos can offer consumers in addition to gaming outlets.
So with possible lessons learned from what happened in New Jersey, is there anything right now to indicate that Pennsylvania’s cinemas are much better positioned to withstand whatever negative impact legalized gambling might have on them?