The most densely populated area of the United States runs along Interstate 95 from Boston through New York to Washington, D.C. While those at the controls of the world's economic and financial engines have been clustered in the Northeast Corridor, places for them to gamble away their copious earnings have been few and far between.
But in the last few years, casinos have spent billions of dollars in the quest to capture the East Coast gaming dollar, building huge casino resorts in Boston, Philadelphia and Washington, D.C. More are almost certainly on the way as governments have brushed aside the long-held stigma of the moral ills of gambling.
In the mad dash to build, there haven't been many voices asking "how much is too much?" But experts, and even some casino developers, believe if the region isn't there yet, it will be soon.
Since 2006, investors have poured more than $10B into opening and expanding at least 25 casinos along the East Coast, ranging from $30M slot barns to billion-dollar resorts with hotels, dining and entertainment. Just three East Coast states allowed casinos at the turn of the century, but seven more have legalized casinos since 2004.
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