National Harbor and nearby Tanger Outlets draw thousands of visitors each weekend, putting a strain on Oxon Hill Rd. and Monument Ave., where a new traffic signal will be installed. New inbound and outbound lanes from I-295 and the Wilson Bridge will ease the flow of vehicles into the resort complex, which will be open 24 hours. “Residents are looking forward to having another entertainment venue to go to, not just for the gambling, but the performances that are expected to be there and the restaurants and shopping venues,” said Zeno W. St. Cyr II, a Fort Washington resident and community leader. “But along with that anticipation for the opening, there’s also a little apprehension and the apprehension is for the traffic that is expected, especially in the days and weeks after opening.”
- Apple’s iTunes and downloadable music has had a widespread impact on the music industry changing it from one focused on albums and CDs to downloadable singles for $0.99 apiece. The same can be said of Amazon.com ability to have books, CDs and other items shipped to you rather than going to what used to be Sam Goody, Tower Records, or a Borders bookstore;
- Netflix and other video streaming services that have out mom and pop video rental stores as well as one time high flier Blockbuster Video out of business;
- Online brokerage services, such as TD Ameritrade Holding, Charles Schwab and others that have reshaped how investors buy and sell stocks;
- Orbitz Worldwide, Priceline.com, Expedia, Tripadvisor (TRIP) and other online travel sites have pulverized the travel agent business;
- How we store digital photos and get them printed has given rise to companies like Shutterfly and Shutterstock, while leaving one time photo company Eastman Kodak (KODK) on the brink;
- Even communicating via e-mail, text message and other message apps offered by Facebook, Google, Apple, Yahoo, AOL and others has taken its toll on the US Postal Service.
Sheldon Adelson, Casino Magnate, Readies To Fight Internet Gambling
(By Peter Wallsten and Tom Hamburger, Washington Post, 17 November 2013)
Rivals For Prince George’s Casino License Make Their Cases To Md. Commission
(By J. Freedom du Lac, Washington Post, 26 October 2013)
Atlantic City’s Losing Streak, As More States Compete For Gambling Revenue, Jobs
(By J. Freedom du Lac, Washington Post, 19 August 2013)
Beating Down The Wall For Poker
Maryland has much going for it that Delaware does not — chiefly, the proximity of gamblers in the populous and wealthy Baltimore-Washington region. And it appears to have been wise to look beyond racinos, as horse racing is hardly a major attraction for casino gamblers. But it is clear that gambling revenue will never be guaranteed from year to year. Like its neighbor to the East, Maryland will be hard-pressed to hold onto its casino market share and those gambling tax revenues in the years ahead.
That's not pure profit, of course. Table games are much more expensive to operate than slots. Consider: Maryland Live added 1,200 new employees to staff 122 table games, effectively doubling its workforce. And as part of the deal, the casinos will eventually be required to purchase their own slot machines. Although they will get an increased share of the proceeds to compensate them, the deal is expected to be a net positive for the ETF. The state surely benefits in other ways. The new permanent and construction jobs from the addition of table games are an improvement over the slots-only scheme. Theoretically, the presence of blackjack, poker, roulette and the like will make the state's casinos a more appealing tourist destination, particularly when new casinos open in Baltimore and just across the border from Washington in Prince George's County. Spin-off economic activity at restaurants, music venues, shops and hotels benefits the public in ways that are difficult to measure.