State Senate President Steve Sweeney said Wednesday that Atlantic City has a bright future, but will first have to suffer through the consequences of putting all its chips on gaming.

Senate President Steve Sweeney in-studio with Eric Scott (Chris Swendeman, Townsquare Media NJ)

The current shakeout of casinos along the boardwalk and competition from other states reflect "a saturation in gaming," Sweeney said during an appearance on New Jersey 101.5 Wednesday morning. "Atlantic City's future is as "a resort community," he said. "It's not going to be a gaming community anymore."

Sweeney, considered a leading Democratic contender to succeed Republican Gov. Chris Christie, also addressed his relationship with Christie as well as the issue of transportation funding in New Jersey. He was interviewed by Townsquare New Jersey's Eric Scott, who is sitting in this week for the vacationing Jim Gearhart.