[Bonanza]

Originally Posted by njbchbum

Here's another haire to split with Bonanza's fountain of information re A.C. and casino reinvestment"
"As part of the original Casino Control Act enacted in 1977, each casino licensee was required to reinvest 2% of its gross gaming revenue. However, by the beginning of 1984, no casino licensee had yet made any of its required reinvestments as there was no unbiased decision making entity in place. In 1984, the State Legislature established the Casino Reinvestment Development Authority which developed guidelines describing more precisely a casino licensee’s investment obligations consistent with the intent of the original statute. The 1984 law gives each casino a choice: pay 2.5% of its gaming revenue to the State, or reinvest 1.25% of its gaming revenues through the CRDA in community and economic development projects in Atlantic City and around the State. Without exception, the casinos have chosen reinvestment."
History - CRDA - Casino Reinvestment Development Authority | NJCRDACRDA – Casino Reinvestment Development Authority | NJCRDA

And a little more info re partnerships and investments:
Community Partnerships & Investments - CRDA - Casino Reinvestment Development Authority | NJCRDACRDA – Casino Reinvestment Development Authority | NJCRDA

I acknowledge the correction.