will the market value increase or decrease with the casino there?

The casino being built in Bethlehem probably helped a lot with all of the growth.

This group meets in the Dolphin Plaza on Rt 315 in Wilkes Barre (between the casino and the Woodlands). 

Oh, one last thing: there's a tribal gaming casino planned to be built in the southmost-central portion of the city which people take as a great benefit or the end of the world, depending on how you feel about gambling and/or money. :)

He is highly experienced in real estate (did many of the Las Vegas casino deals), asset protection and estate planning.  

IMHO, the 50% rule and rentals (and investing in general) can be analyzed just like a casino game.

Trump does admit real estate is an appreciation business and claims 9 billion out of 10 billion is free and clear so he just might be right...well not might be:) He says he bought casinos for cash flow.

Anyone who has ever been to a casino knows that the house only needs a small edge to turn a profit.

Before the housing boom, it was nothing more than a farming community with an Indian Casino.

A scene in the movie "Casino" comes to mind when Robert DeNiro's character has to fire a manager after 3 slot machines simultaneously hit the jackpot and the manger did nothing.