Casino closings in NJ

[Villages PL]

Four Atlantic City casinos were closed and 8,000 jobs were lost so far. And a continuing ripple effect is expected.

Is there a lesson to be learned here? Yes. States should think twice before building their economies on a house of cards (pun intended).

[janmcn]

Four Atlantic City casinos were closed and 8,000 jobs were lost so far. And a continuing ripple effect is expected.

Is there a lesson to be learned here? Yes. States should think twice before building their economies on a house of cards (pun intended).


Neighboring states thought about it and decided to get into the gambling business, thus ending the Atlantic City monopoly. There is no need to travel to NJ any longer to gamble, while casinos in CT and PA are thriving.

[njbchbum]

I understand that Jimmy Buffett also closed his casino in Biloxi, MS yeaterday. Seems the wave is not restricted to Jersey!

How do you believe that entire NJ state economy was built on casinos?

[EnglishJW]

Just as an aside. six of the casinos in NJ have and are continuing to do well. One of the ones that closed has always been profitable (there were other business reasons for it being closed). Unlike Vegas, Atlantic City has never really developed outside of the casinos. The explosion of lotteries, the opening of gambling in both other places and in other ways (e.g., online) continue to change as well.

[Paulz]

Not so for the CT casinos. Foxwoods has cut way back and is considering closing and Mohegan Sun paid 10 million in penalties in 08 shutting down an expansion project, after the foundation was poured. It will be interesting to see what happens when MA opens 1 or 2 casinos.

[justjim]

Proliferation of gambling across the U.S. has hurt business even in Las Vegas the better known gambling capital of the world. Too much of a good thing or bad thing often self destructs.

[2BNTV]

The closing of the casino's reflect a downward trend in people wanting to gamble at AC. There are other places that are closer for true gamblers. AC never had any other attractions to draw people, other than the boardwalk, but that was at the turn of the 20th century. :D

Just like any former popular place when patrons decide to take their business, somewhere else. Nothing more, nothing less.

[karostay]

Neighboring states thought about it and decided to get into the gambling business, thus ending the Atlantic City monopoly. There is no need to travel to NJ any longer to gamble, while casinos in CT and PA are thriving.
Don't forget Maine Has 2

[rubicon]

How far we have come from a majority that viewed gambling as an evil vice to casinos on every corner lotteries etc.

Law enforcement officials raided bookie joints, night clubs back alley dice games, until they got their cut of the action.

Off Track Betting was a hug business in New York and today it is shut down.

Lotteries are found at every gas station and grocery store and along side the lottery machine is a notice and phone number for Gamblers Anonymous .

Many people have finally figured out that they are not special and that God has not singled them out for greatness and riches and that a better way to get richer is to direct that gambling money to a savings account

[golf2140]

Atlantic City had NO hospitality. I would fly to Vegas before going to AC

[Bonanza]

Four Atlantic City casinos were closed and 8,000 jobs were lost so far. And a continuing ripple effect is expected.

Is there a lesson to be learned here? Yes. States should think twice before building their economies on a house of cards (pun intended).


First of all, it is not the state that had anything to do with gaming going to a particular area; it was either a county thing or definitive area within a county. Once gaming was voted into an area, there were far more plusses than negatives.

The closing of the casino's reflect a downward trend in people wanting to gamble at AC. There are other places that are closer for true gamblers. AC never had any other attractions to draw people, other than the boardwalk, but that was at the turn of the 20th century.

Just like any former popular place when patrons decide to take their business, somewhere else. Nothing more, nothing less.


I disagree. Just too many casinos operating within a too small area. Put in other terms, there was a glut of casinos. When that many casinos close, it has nothing to do with that many people deciding to play somewhere else.

There are many "true" gamblers that still go to Atlantic City. Closer doesn't matter when a person has a favorite place because they are treated royally and they don't want to change where they play. It is a comfort zone with them and some even consider it status and like to brag about it.

What do you mean Atlantic City never had any other attractions other than the boardwalk??? Are you serious? Atlantic City had (and still has) beautiful wide beaches. It had the Steel Pier and rolling chairs on the boardwalk and beautiful hotels. It was a resort town second to none years ago and I'm not speaking about "the turn of the century." The turn of the century? Where did that come from? We aren't speaking about 1899 or even 1901. As a child growing up there, it was definitely on the map and a place to go!


Atlantic City had NO hospitality. I would fly to Vegas before going to AC

Atlantic City had no hospitality? What does THAT mean???

[nitehawk]

Four Atlantic City casinos were closed and 8,000 jobs were lost so far. And a continuing ripple effect is expected.

Is there a lesson to be learned here? Yes. States should think twice before building their economies on a house of cards (pun intended).

Colorado ---- legalization of marijuana creates 9,000 jobs --------all states should learn from -----

[Chi-Town]

Colorado ---- legalization of marijuana creates 9,000 jobs --------all states should learn from -----
Peyton Manning owns 21 Papa Johns franchises around Denver. Said business has been up lately.[emoji6]

[njbchbum]

[QUOTE=Bonanza;946457]First of all, it is not the state that had anything to do with gaming going to a particular area; it was either a county thing or definitive area within a county. Once gaming was voted into an area, there were far more plusses than negatives.




Sorry, Bonanza! The State had everything to do with it! It was a state-wide referendum that decided gambling specifically in Atlantic City and was NOT a local or a county "thing"!

From your favorite reference site:
"In 1974, New Jersey voters voted against legalizing casino gambling statewide, but two years later approved a new referendum which legalized casinos, but restricted them to Atlantic City.[10][11] At that time, Nevada was the only state with legal casino gambling. Resorts Atlantic City was the first casino to open in 1978.[12] As part of the state's budget showdown in 2006, gambling in Atlantic City's casinos and at racetracks in the state were forced to close after it was determined that the official monitors from the New Jersey Casino Control Commission were essential and New Jersey law stated that gambling establishments could not legally operate without state oversight. The closures cost the state an estimated $1.3 million in casino revenues in addition to the loss of state taxes collected on casino employee wages"
[Gambling in New Jersey - Wikipedia, the free encyclopedia'

And from an historical perspective piece:
The History of A.C.’s Gaming Decline | The Save Jersey Blog

[village dreamer]

n j needs to put casino up north,somewhere near rt 80. keep instate gambling instate.

[Walter123]

I remember AC before the casino's. It was a lot of fun and the place for families to go. Seaside heights too.

[Villages PL]

First of all, it is not the state that had anything to do with gaming going to a particular area; it was either a county thing or definitive area within a county. Once gaming was voted into an area, there were far more plusses than negatives.

I wasn't referring to the issue of gaming going to a particular area within a county.

Counties are, to a large extent, controlled by state law. That's why I said, "States should think twice about building their economies on a house of cards."

There's an article on this: "New Jersey Governor To Take control over State Gambling Industry." Governor Christ Christie of New Jersey is at the stage where he will need to make an important decision regarding the future of gambling in the state.

Counties don't control the state, the state controls the counties.

[Patty55]

I remember AC before the casino's. It was a lot of fun and the place for families to go. Seaside heights too.

It's still fun for families. You have the beach, arcades, the rides and restaurants. My family loved going there.

[njbchbum]

snipped
There's an article on this: "New Jersey Governor To Take control over State Gambling Industry." Governor Christ Christie of New Jersey is at the stage where he will need to make an important decision regarding the future of gambling in the state.
snipped


A search on 'Atlantic City Tourism District" revealed more recent articles re the actual legislation that was enacted. A good article on same is found here: State defines boundaries for Atlantic City Tourism District; Langford casts lone 'no' vote - pressofAtlanticCity.com: Casinos & Tourism (http://www.pressofatlanticcity.com/news/press/casinos_tourism/state-defines-boundaries-for-atlantic-city-tourism-district-langford-casts/article_7e9a886e-6a85-11e0-91ae-001cc4c002e0.html) And another is here: Atlantic City Tourism District Improvements Begin (http://wobm.com/atlantic-city-tourism-district-improvements-begin/)

The State has always controlled gambling in A.C. under the Casion Control Commission and the Casino Reinvestment Development Authority - neither of which has been eliminated but simply placed under new jurisdiction within the State government.

[njbchbum]

It's still fun for families. You have the beach, arcades, the rides and restaurants. My family loved going there.

Lost of folks - locals and visiotrs - have been enjoying the resurrected Steel Pier! Rides and Attractions at Steel Pier (http://www.steelpier.com/Rides-and-Attractions)

Even the beach bars have been enjoying popularity!
Atlantic City Beach Bars - Beach Bars in Atlantic City - Atlantic City (http://www.atlanticcitynj.com/atlantic-city-stories/details.aspx?story=Atlantic-City-Beach-Bars)

There's more to A.C. today and the casinos are not necessarily benefitting from it!

[KayakerNC]

DW & I went to AC summer of 2013 after a neice's wedding in Michigan. We stayed at Ballys. Not the most modern hotel in town, but very nice and quite reasonable.
Loved the boardwalk and the nearby pier.
But, I don't think AC is a very nice place once you get out of the casino area.
All in all, it was a fun trip.

[MikeV]

I used to go there pretty often. I would drive into Bally's parking lot, gamble then drive back out of AC. Not a very nice area.

[2BNTV]

I disagree. Just too many casinos operating within a too small area. Put in other terms, there was a glut of casinos. When that many casinos close, it has nothing to do with that many people deciding to play somewhere else.

There are many "true" gamblers that still go to Atlantic City. Closer doesn't matter when a person has a favorite place because they are treated royally and they don't want to change where they play. It is a comfort zone with them and some even consider it status and like to brag about it.

What do you mean Atlantic City never had any other attractions other than the boardwalk??? Are you serious? Atlantic City had (and still has) beautiful wide beaches. It had the Steel Pier and rolling chairs on the boardwalk and beautiful hotels. It was a resort town second to none years ago and I'm not speaking about "the turn of the century." The turn of the century? Where did that come from? We aren't speaking about 1899 or even 1901. As a child growing up there, it was definitely on the map and a place to go!


I agree to disagree. Jersey has many seaside towns, that people visit. I haven't heard too many people that specifically wanted to go to AC for the beach and boardwalk. It has been a rundown area near the casino, with people not willing to venture out and about.

Most people I know, don't want to jump in a car and and drive 3 hours to AC when they can gamble at a place closer. It doesn't have the attractiveness it once had, and most people don't want to take a long trip to gamble. If one lives close to AC, that is an option for people in the near vicinity.

You are entitled to your opinion as I am!!!

[village dreamer]

ac is a dump,its returning to its 1970 look. the beach is so small and dirty and the boardwalk you cant go on it at night.

[EnglishJW]

Revel cost $2.4 billion - sold for $110 million. Atlantic City casino Revel sold for pennies on the dollar - Fortune (http://fortune.com/2014/10/01/atlantic-city-casino-revel-sold-for-pennies-on-the-dollar/)

[KayakerNC]

ac is a dump,its returning to its 1970 look. the beach is so small and dirty and the boardwalk you cant go on it at night.

Not sure what your agenda is. :crap2:
While I agree that AC isn't the Paris of the East Coast, we found the beaches near Ballys (where we stayed) to be nice, and we were on the boardwalk EVERY night during our mini-vacation last summer.

[allus70]

NY now has limited gambling (slots,no blackjack) at old racetracks located in Queens and Yonkers, as well as full service casinos upstate which are run by the Indian Nations.

There is intense competition in planning for several new complete casinos which will opening up just outside the city limits and beyond with the possibility of casinos eventually opening up in NYC some years down the line.

It's a damned if you do, damned if you don't proposition. Don't allow gambling, and that state's gamblers will take their money to neighboring states. Allow gambling, and along with it comes all it's problems.

[Bonanza]

ac is a dump,its returning to its 1970 look. the beach is so small and dirty and the boardwalk you cant go on it at night.

Save for the casinos themselves, Atlantic City is a dump and has been for many years.

However, the beaches are not small by any means and have always been known for the soft sand. I can't speak about dirty, but perhaps you have been there right after the slobs left and before they were cleaned the following morning???

[Bonanza]

"]I disagree. Just too many casinos operating within a too small area. Put in other terms, there was a glut of casinos. When that many casinos close, it has nothing to do with that many people deciding to play somewhere else.

There are many "true" gamblers that still go to Atlantic City. Closer doesn't matter when a person has a favorite place because they are treated royally and they don't want to change where they play. It is a comfort zone with them and some even consider it status and like to brag about it.

What do you mean Atlantic City never had any other attractions other than the boardwalk??? Are you serious? Atlantic City had (and still has) beautiful wide beaches. It had the Steel Pier and rolling chairs on the boardwalk and beautiful hotels. It was a resort town second to none years ago and I'm not speaking about "the turn of the century." The turn of the century? Where did that come from? We aren't speaking about 1899 or even 1901. As a child growing up there, it was definitely on the map and a place to go!


I agree to disagree. Jersey has many seaside towns, that people visit. I haven't heard too many people that specifically wanted to go to AC for the beach and boardwalk. It has been a rundown area near the casino, with people not willing to venture out and about.

Most people I know, don't want to jump in a car and and drive 3 hours to AC when they can gamble at a place closer. It doesn't have the attractiveness it once had, and most people don't want to take a long trip to gamble. If one lives close to AC, that is an option for people in the near vicinity.

You are entitled to your opinion as I am!!!

You weren't speaking about any other seaside town in New Jersey; you were speaking specifically about Atlantic City. Period.

You also were not speaking about the people you know who lived three hours away. I never said it has the attractiveness it once had and you were talking about "the turn of the century," which was laughable and had nothing to do with anything! I wasn't around at the turn of the century and I assume you weren't either.

Yes, you are entitled to your opinion but nothing you said was an opinion. Conveniently, you changed the subject, however, there is nothing I said with which you can disagree.

[EnglishJW]

Atlantic City is clearly not what it once was. Atlantic City has not experienced a rebirth as a result of the introduction of gambling as was hoped (nor has Camden with the battleship New Jersey plus an aquarium or Newark with both a state of the art indoor arena for hockey/basketball/concerts and a gorgeous Performing Arts Center). Nonetheless, Atlantic City - and the surrounding areas, still has much to offer including the remaining casinos, the beaches and boardwalks. We just had our 50th high school reunion over two days in AC for 150+ people at Resorts. All of us had a terrific time. My wife and I finally made a little side trip to see Lucy in Margate and the Mammal Rescue Center in Brigantine (an island city in Atlantic County). AC is accessible from NYC, closer to Philadelphia, and nearby to most of NJ. Hopefully it will someday regain more of its former glory.

[Bonanza]

Sorry, Bonanza! The State had everything to do with it! It was a state-wide referendum that decided gambling specifically in Atlantic City and was NOT a local or a county "thing"!

From your favorite reference site:
"In 1974, New Jersey voters voted against legalizing casino gambling statewide, but two years later approved a new referendum which legalized casinos, but restricted them to Atlantic City.[10][11] At that time, Nevada was the only state with legal casino gambling. Resorts Atlantic City was the first casino to open in 1978.[12] As part of the state's budget showdown in 2006, gambling in Atlantic City's casinos and at racetracks in the state were forced to close after it was determined that the official monitors from the New Jersey Casino Control Commission were essential and New Jersey law stated that gambling establishments could not legally operate without state oversight. The closures cost the state an estimated $1.3 million in casino revenues in addition to the loss of state taxes collected on casino employee wages"
[Gambling in New Jersey - Wikipedia, the free encyclopedia'

And from an historical perspective piece:
The History of A.C.’s Gaming Decline | The Save Jersey Blog[/QUOTE]

Once again you are incorrect. It was not the state that had anything to do with gaming going into a particular area -- Atlantic City in this case. It was the vote of the people. Not enough votes? No gaming in Atlantic City. Even with the winning vote, the boundaries within Atlantic City where gaming would go, were determined after the fact and then grew even beyond that.

I don't know how you know I have a favorite reference site, because I don't have one. When I need to research a topic, I refer to many websites to get the "bigger picture." I see you like and trust Wikipedia, specifically. Your quote is very limited. The loss of state monies from employees taxes and business is nothing compared to the revenue brought in from gaming and employees in the gaming industry.

Your knowledge of Atlantic City and gaming is only from what you read on Wikipedia, obviously. You cannot speak from first hand information as I can. Having been raised there, gone to school there, voting for gaming and subsequently from working there from before even day one, my information is much more accurate than yours, which only permits you to read from articles. It does not allow you to have the ability of seeing and knowing what went on there on a day-to-day basis.

[njbchbum]

Sorry, Bonanza! The State had everything to do with it! It was a state-wide referendum that decided gambling specifically in Atlantic City and was NOT a local or a county "thing"!

From your favorite reference site:
"In 1974, New Jersey voters voted against legalizing casino gambling statewide, but two years later approved a new referendum which legalized casinos, but restricted them to Atlantic City.[10][11] At that time, Nevada was the only state with legal casino gambling. Resorts Atlantic City was the first casino to open in 1978.[12] As part of the state's budget showdown in 2006, gambling in Atlantic City's casinos and at racetracks in the state were forced to close after it was determined that the official monitors from the New Jersey Casino Control Commission were essential and New Jersey law stated that gambling establishments could not legally operate without state oversight. The closures cost the state an estimated $1.3 million in casino revenues in addition to the loss of state taxes collected on casino employee wages"
[Gambling in New Jersey - Wikipedia, the free encyclopedia'

And from an historical perspective piece:
The History of A.C.’s Gaming Decline | The Save Jersey Blog

Once again you are incorrect. It was not the state that had anything to do with gaming going into a particular area -- Atlantic City in this case. It was the vote of the people. Not enough votes? No gaming in Atlantic City. Even with the winning vote, the boundaries within Atlantic City where gaming would go, were determined after the fact and then grew even beyond that.

I don't know how you know I have a favorite reference site, because I don't have one. When I need to research a topic, I refer to many websites to get the "bigger picture." I see you like and trust Wikipedia, specifically. Your quote is very limited. The loss of state monies from employees taxes and business is nothing compared to the revenue brought in from gaming and employees in the gaming industry.

Your knowledge of Atlantic City and gaming is only from what you read on Wikipedia, obviously. You cannot speak from first hand information as I can. Having been raised there, gone to school there, voting for gaming and subsequently from working there from before even day one, my information is much more accurate than yours, which only permits you to read from articles. It does not allow you to have the ability of seeing and knowing what went on there on a day-to-day basis.[/QUOTE]

LOLOLOLOLOL

Had the State not authorized the referendum on the ballot - the people could not have exercised their desire and the State could not have as easily gone forward with the necessary legislation.

And as far as having "the ability of seeing and knowing what went on there on a day-to-day basis." Have been going there since the days of the Steel Pier, Miss America, Kinght's hamburgers, the Clairidge hotel, the Mr. Peanut store, Resorts opening day, Beach Boys concerts on the beach, Superstorm Sandy and the annual Fireman's conventin there and since Wildwood. So please don't assume that your accuracy is better than anyone else's - including mine. Rather than read about A.C., I can go there any day I care to for a dose of A.C. reality.

[Topspinmo]

casino bread and butter are video slots programmed to loose. So once you raped your customer base and put the idiot's in the poor your doomed. Only Moron's play video slots where you have no chance of winning THE BIGGEST PRIZE, you win just enough to think I can Till your DEAD Broke. Too bad they don't close all of them.

[Patty55]

I've been out of the area for about ten years, maybe it's radically changed. I always had fun there, kind of like a mini-vacation close to home.

I think a better airport situation would have helped, I was just a 45 minute flight from LI but friends coming in from the W. Coast from Cal for conventions would fly into Phillie and have to rent a car. It was a pain in the butt for them.

I really miss going there.

[Bavarian]

Atlantic City was built in the early 1900's as the closest place to Philadelphia. Reading and PRR went in on building the Reading-Pennsylvania Seashore lines. Went there often in late '50s up to '66 when it was no longer good. Used to go to Hackney's.

The Casinos were to invest in rebuilding AC, but they did not.

[Bonanza]

Atlantic City was built in the early 1900's as the closest place to Philadelphia. Reading and PRR went in on building the Reading-Pennsylvania Seashore lines. Went there often in late '50s up to '66 when it was no longer good. Used to go to Hackney's.

The Casinos were to invest in rebuilding AC, but they did not.

Sorry, but the casinos were not to have any part in investing in the of rebuilding Atlantic City. That would have been nice, but how was that supposed to happen?

Initially, the revenue to the state from gaming went towards a prescription plan for seniors and schools, but nowhere was the onus on the casinos to help rebuild the city.

[Bonanza]

casino bread and butter are video slots programmed to loose. So once you raped your customer base and put the idiot's in the poor your doomed. Only Moron's play video slots where you have no chance of winning THE BIGGEST PRIZE, you win just enough to think I can Till your DEAD Broke. Too bad they don't close all of them.

Of course slot machines are programmed for the house to win the lion's share. So are the odds on each game with craps having the best odds for the customer.

When gaming came to Atlantic City, the law at that time was that the slots paid out 83%. I assume the same holds true today, but really don't know.

[Topspinmo]

[QUOTE=Bonanza;948483][B][FONT="Comic Sans MS"][SIZE="4"]Of course slot machines are programmed for the house to win the lion's share. So are the odds on each game with craps having the best odds for the customer.


I think that's pipe dream nowhere near 83% pay out. There some much corruption in gaming I sure even the the odds maker on what the slots pay out in paid off. Several Casino's have refused to paid out winnings. One in my old area made big mistake said on TV news report the slot was't programmed to win. The old lady that won $13k got some press coverage they paid out to hide there dirty secret.

Also been several news investigation (one I remember on 20/20) about slot programming it was nowhere near 83%. More like 6% if I remember and the. Grand prize was closer to .002 straight for the employee mouth that programmed the machine's.

Again only total moron's plays Video slots where it's in casino's, bars or online, maybe back when they were mechanical you had wing and prayer chance. but not in the day of the computer IMO

[Bonanza]

Once again you are incorrect. It was not the state that had anything to do with gaming going into a particular area -- Atlantic City in this case. It was the vote of the people. Not enough votes? No gaming in Atlantic City. Even with the winning vote, the boundaries within Atlantic City where gaming would go, were determined after the fact and then grew even beyond that.

I don't know how you know I have a favorite reference site, because I don't have one. When I need to research a topic, I refer to many websites to get the "bigger picture." I see you like and trust Wikipedia, specifically. Your quote is very limited. The loss of state monies from employees taxes and business is nothing compared to the revenue brought in from gaming and employees in the gaming industry.

Your knowledge of Atlantic City and gaming is only from what you read on Wikipedia, obviously. You cannot speak from first hand information as I can. Having been raised there, gone to school there, voting for gaming and subsequently from working there from before even day one, my information is much more accurate than yours, which only permits you to read from articles. It does not allow you to have the ability of seeing and knowing what went on there on a day-to-day basis.

LOLOLOLOLOL

Had the State not authorized the referendum on the ballot - the people could not have exercised their desire and the State could not have as easily gone forward with the necessary legislation.

And as far as having "the ability of seeing and knowing what went on there on a day-to-day basis." Have been going there since the days of the Steel Pier, Miss America, Kinght's hamburgers, the Clairidge hotel, the Mr. Peanut store, Resorts opening day, Beach Boys concerts on the beach, Superstorm Sandy and the annual Fireman's conventin there and since Wildwood. So please don't assume that your accuracy is better than anyone else's - including mine. Rather than read about A.C., I can go there any day I care to for a dose of A.C. reality.[/QUOTE]

Okay, madam -- let's not split hairs. The state authorized the referendum after enough signatures from the public were gathered with heavy pressure from the gaming industry.

You are mentioning things and places that millions of people have experienced, and all those experiences were as a tourist and have nothing to do with gaming. You brought up hurricane Sandy which has nothing to do with casinos in addition to only happening a few years ago. I have never heard of Kinght's Hamburgers or of an annual Fireman's convention and bringing that and other things into this thread also have no meaning when speaking about the casinos.

You stated you were at Resorts on their opening day. I'd be interested in hearing about your experience.

I never said that my "accuracy" is better than anyone else's, so please don't even intimate that's what I've said. And yes -- because I lived there before and during the advent of casinos and worked there for five years, there is no doubt in my mind that this is one area where I definitely know more than you.

[pbkmaine]

Having grown up in Philadelphia and worked most of my adult life in and around NYC, I visted Atlantic City often. Sometimes with friends, more frequently for conferences. I did not find it to be a nice place. Las Vegas has more to do. You can get out and walk around the city. AC has never had that same appeal for me, once I leave the Boardwalk and the immediate proximity of the hotels. I think a lot of people feel that way. When conferences end, most people line up, check out and leave. In Vegas, people stay and take in a show or tour the area.

[Bonanza]

n j needs to put casino up north,somewhere near rt 80. keep instate gambling instate.

There would have to be a state-wide referendum to accomplish that.

[Bonanza]

[QUOTE=Bonanza;948483] Of course slot machines are programmed for the house to win the lion's share. So are the odds on each game with craps having the best odds for the customer.


I think that's pipe dream nowhere near 83% pay out. There some much corruption in gaming I sure even the the odds maker on what the slots pay out in paid off. Several Casino's have refused to paid out winnings. One in my old area made big mistake said on TV news report the slot was't programmed to win. The old lady that won $13k got some press coverage they paid out to hide there dirty secret.

Also been several news investigation (one I remember on 20/20) about slot programming it was nowhere near 83%. More like 6% if I remember and the. Grand prize was closer to .002 straight for the employee mouth that programmed the machine's.

Again only total moron's plays Video slots where it's in casino's, bars or online, maybe back when they were mechanical you had wing and prayer chance. but not in the day of the computer IMO

The corruption of which you speak was probably very true years ago when the mafia was involved. I can tell you without equivocation, that the 83% payout of slots when gaming started in Atlantic City is true. If it isn't exactly that today, it's pretty close to that percentage. It is closely regulated by the state and there isn't any room for error because the machines are under close scrutiny.

I don't know where you are speaking about regarding a 6% payout, but I can tell you there is no such thing in any casino anywhere unless someone is running an illegal game somewhere.

"Employee mouth?" Huh? What are you talking about? No, those who play the slots are not "total morons." While many people get caught up in them, most people play for the fun of it. Whether slot machines were/are mechanical or electronic doesn't matter. Whatever the programmed odds are is what they are.

[njbchbum]

Sorry, but the casinos were not to have any part in investing in the of rebuilding Atlantic City. That would have been nice, but how was that supposed to happen?

Initially, the revenue to the state from gaming went towards a prescription plan for seniors and schools, but nowhere was the onus on the casinos to help rebuild the city.

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 (http://www.njcrda.com/about-us/history/)

And a little more info re partnerships and investments:
Community Partnerships & Investments - CRDA - Casino Reinvestment Development Authority | NJCRDACRDA – Casino Reinvestment Development Authority | NJCRDA (http://www.njcrda.com/community-partnerships-investments/)

[njbchbum]

LOLOLOLOLOL

Had the State not authorized the referendum on the ballot - the people could not have exercised their desire and the State could not have as easily gone forward with the necessary legislation.

And as far as having "the ability of seeing and knowing what went on there on a day-to-day basis." Have been going there since the days of the Steel Pier, Miss America, Kinght's hamburgers, the Clairidge hotel, the Mr. Peanut store, Resorts opening day, Beach Boys concerts on the beach, Superstorm Sandy and the annual Fireman's conventin there and since Wildwood. So please don't assume that your accuracy is better than anyone else's - including mine. Rather than read about A.C., I can go there any day I care to for a dose of A.C. reality.

Okay, madam -- let's not split hairs. The state authorized the referendum after enough signatures from the public were gathered with heavy pressure from the gaming industry.

You are mentioning things and places that millions of people have experienced, and all those experiences were as a tourist and have nothing to do with gaming. You brought up hurricane Sandy which has nothing to do with casinos in addition to only happening a few years ago. I have never heard of Kinght's Hamburgers or of an annual Fireman's convention and bringing that and other things into this thread also have no meaning when speaking about the casinos.

You stated you were at Resorts on their opening day. I'd be interested in hearing about your experience.

I never said that my "accuracy" is better than anyone else's, so please don't even intimate that's what I've said. And yes -- because I lived there before and during the advent of casinos and worked there for five years, there is no doubt in my mind that this is one area where I definitely know more than you.[/QUOTE]

My experience @ Resorts opening day - abominable! So much so that we left after obtaining our "courtesy card" and attempting to battle crowds and went to The Sweetwater Casino in Mullica Twnsp. for dinner!!!!

How could you claim such an intimate relationship with A.C. and never have heard of the annual firemen's convention?

[Bonanza]

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 (http://www.njcrda.com/about-us/history/)

And a little more info re partnerships and investments:
Community Partnerships & Investments - CRDA - Casino Reinvestment Development Authority | NJCRDACRDA – Casino Reinvestment Development Authority | NJCRDA (http://www.njcrda.com/community-partnerships-investments/)

I acknowledge the correction.

[Bonanza]

Okay, madam -- let's not split hairs. The state authorized the referendum after enough signatures from the public were gathered with heavy pressure from the gaming industry.

You are mentioning things and places that millions of people have experienced, and all those experiences were as a tourist and have nothing to do with gaming. You brought up hurricane Sandy which has nothing to do with casinos in addition to only happening a few years ago. I have never heard of Kinght's Hamburgers or of an annual Fireman's convention and bringing that and other things into this thread also have no meaning when speaking about the casinos.

You stated you were at Resorts on their opening day. I'd be interested in hearing about your experience.

I never said that my "accuracy" is better than anyone else's, so please don't even intimate that's what I've said. And yes -- because I lived there before and during the advent of casinos and worked there for five years, there is no doubt in my mind that this is one area where I definitely know more than you.

My experience @ Resorts opening day - abominable! So much so that we left after obtaining our "courtesy card" and attempting to battle crowds and went to The Sweetwater Casino in Mullica Twnsp. for dinner!!!!

How could you claim such an intimate relationship with A.C. and never have heard of the annual firemen's convention?[/QUOTE]

COLOR="PaleTurquoise"]*********

An "intimate" relationshiip with Atlantic City? Your verbiage is laughable. I lived there; that was what my relationship was with Atlantic City!

I'd be willing to bet that if you asked 10 people from Atlantic City, most, if not all of them have never heard of a firemen's convention. It isn't anything important to residents that live there and not many people pal around with firemen. What makes this particular convention so important?

Where is this Kinght's Hamburger place that you say is so well known? I guess your experience with Resort's opening day was non-existent since you left with only a courtesy card. Well, I will tell you that you missed something that will never be recreated anywhere in the U. S. again. It truly was an experience!

[njbchbum]

My experience @ Resorts opening day - abominable! So much so that we left after obtaining our "courtesy card" and attempting to battle crowds and went to The Sweetwater Casino in Mullica Twnsp. for dinner!!!!

How could you claim such an intimate relationship with A.C. and never have heard of the annual firemen's convention?

COLOR="PaleTurquoise"]*********

An "intimate" relationshiip with Atlantic City? Your verbiage is laughable. I lived there; that was what my relationship was with Atlantic City!

I'd be willing to bet that if you asked 10 people from Atlantic City, most, if not all of them have never heard of a firemen's convention. It isn't anything important to residents that live there and not many people pal around with firemen. What makes this particular convention so important?

Where is this Kinght's Hamburger place that you say is so well known? I guess your experience with Resort's opening day was non-existent since you left with only a courtesy card. Well, I will tell you that you missed something that will never be recreated anywhere in the U. S. again. It truly was an experience![/QUOTE]

1. I don't care what you would be willing to bet. I know the facts re the convention because I lived it! Am sure it was not important to you as it was to the businesses who benefitted from any A.C. convention. The only folks who were bothered were those who were inconvenienced by the parade that took hours to make it thru town!
2. Not many people pal around with fireman? Bwahahahaha!
3. Why is the convention important? Because of the rulemaking that takes place there that impacts the life of a fireman who serves the public!
4. Did not say Knight's was well known - said it was one of my personal experiences! It was a couple of blocks off the boardwalk - down toward the area of Resorts if I recall correctly. Do recall that it was owned by a family from Margate with whose daughter I attended college. Visited them many a weekend many years ago!
5. Opening day @ Resorts - yes, an experience - abominable! Good thing it will never be repeated!

PS - I have nothing further to add nor play tit-for-tat any longer. Take the last post if you wish and have the last meaningless word.

[TOTV Team]

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