Weinert Discusses Slot Machines

Joseph Weinert, the vice president of the Spectrum Gaming Group, is an outside consultant for the Atlantic City slot machine and gambling casinos. Weinert went to the opening of the Philadelphia Park Casino and was impressed by all of the cars in the parking lot. He felt that for a Tuesday, to have all those patrons waiting to play your slot machines you must be doing something right.

Weinert said that with an estimated 10,000 slot machines at Yonkers, Philadelphia Park, Chester and Pocono Downs, the state could start generating some serious cash. The slot machine revenue would fall somewhere around $1 billion a year, which is roughly ¼ of the take of slot machines in Atlantic City.

 “It could create a whole new group of [slot machine] gamblers, but even then, it is likely at least to suck the growth out of Atlantic City, if the people there don’t react,” he said. “That is why it is imperative for Atlantic City to continue to invest by the hundreds of millions into nongaming [non-slot machine] areas — nightclubs, spas, restaurants — as well as table games, which are an inevitability in Pennsylvania. But Atlantic City has to take advantage of that while it still has the competitive advantage.”

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