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ï»¿Atlantic City Casino Income Shows Signs of Stabilizing, Online Gambling Thriving The financial crash in Atlantic City has seemed to bottom down at the least for the casinos, as revenues for the rest of the gambling resorts are 3.1 % greater than these people were at this time year that is last. Atlantic City casinos might have finally weathered the storm and begun to stabilize the gambling industry for the eight resorts that are remaining. After 10 years of declining profits because of America’s Great Recession and neighboring states pushing gambling legislation in response to abating tax bases, Atlantic City has did actually reach a norm that is new. Significantly less than two years after one-fourth of its casinos went out of company, revenues for Atlantic City decreased only marginally in March. The area’s casino win totaled $187,463,591 for the 1.7 loss that is percent though when Internet gambling is included Atlantic City fell just 0.4 percent. Traditional dining table video gaming ended up being the performer that is worst in March as casinos reported a 5.9 percent drop on supposedly higher win rates. The decline was offset by online gaming, which rose an astonishing 17.8 per cent during the thirty days. Calm After the Storm Though the government that is local Atlantic City is broke and currently engaged in a bitter debate with Governor Chris Christie (R) and State Senate President Stephen Sweeney (D) over who is best to manage the city’s data recovery, 2016 is off
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ï»¿Meadowlands Casino Debated at East Coast Gaming Congress The Meadowlands Sports Complex has long attracted fans from New York, and some lawmakers hope a casino there could do the same. (Image: Wikimedia Commons) Since New Jersey first legalized casino gambling in 1976, it was recognized that casinos were only meant for Atlantic City within the Garden State. That made sense, at least at the time: the resort town had dropped out of favor with tourists, and gambling was seen as a option to bring cash back into the regional economy. However with increasing competition from Pennsylvania plus the specter of New York gambling enterprises in the horizon, some in their state now want to build a casino in a location that could directly contend with venues in neighboring states. The theory of putting a casino in the Meadowlands located simply outside of the latest York City was floated week that is again last the East Coast Gaming Congress in Atlantic City, attracting support also concern from those in attendance. ‘A casino in north Jersey, to be taxed at 50 or 60 %, we could do a billion dollars in that location,’ said Assemblyman Ralph Caputo, a Democrat. ‘we have to be fighting for those customers. That is exactly what Pennsylvania is doing. That’s exactly what New York wants to do.’ Beating New York to the Market Caputo’s idea would be to get a casino built in the Meadowlands before one is created in New York City. The first few licenses are only available in upstate re
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