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Casino closings in NJ

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  #31  
Old 10-04-2014, 12:22 PM
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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.
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  #32  
Old 10-04-2014, 12:58 PM
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Quote:
Originally Posted by Bonanza View Post
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.
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  #33  
Old 10-04-2014, 01:17 PM
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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.
  #34  
Old 10-04-2014, 01:58 PM
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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.
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  #35  
Old 10-04-2014, 03:33 PM
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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.
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  #36  
Old 10-05-2014, 04:26 AM
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Originally Posted by Bavarian View Post
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.
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  #37  
Old 10-05-2014, 04:32 AM
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Originally Posted by Rc Moser View Post
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.
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  #38  
Old 10-05-2014, 04:59 AM
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[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
  #39  
Old 10-05-2014, 05:14 AM
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Originally Posted by njbchbum View Post
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.
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  #40  
Old 10-05-2014, 07:16 AM
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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.

Last edited by pbkmaine; 10-06-2014 at 06:38 AM.
  #41  
Old 10-06-2014, 04:18 AM
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Quote:
Originally Posted by village dreamer View Post
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.

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  #42  
Old 10-06-2014, 04:40 AM
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[quote=Rc Moser;948485]
Quote:
Originally Posted by Bonanza View Post
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.
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  #43  
Old 10-06-2014, 12:35 PM
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Originally Posted by Bonanza View Post
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

And a little more info re partnerships and investments:
Community Partnerships & Investments - CRDA - Casino Reinvestment Development Authority | NJCRDACRDA – Casino Reinvestment Development Authority | NJCRDA
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Last edited by njbchbum; 10-06-2014 at 06:17 PM.
  #44  
Old 10-06-2014, 12:45 PM
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Quote:
Originally Posted by Bonanza View Post
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?
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  #45  
Old 10-07-2014, 03:32 AM
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Quote:
Originally Posted by njbchbum View Post
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.
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