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estion now, and it is no wonder as they were all done by South Jersey interests,” said Ron Simoncini, Executive Director for the North Jersey Gaming Advocates. We have been bullied into not voting or voting no by casino owners from New York protecting their own interests with scandalously false advertising and their partners from South Jersey who are unadvisedly holding onto this pipe dream that Atlantic City is coming back,” according to the release. However, the study was one-sided and incomplete in that it, “did not analyze or quantify the offsetting economic impacts of casino expansion in northern New Jersey,” according to the 110-page document’s Executive Summary (PDF)....
Many may not be aware of other profitable casinos that closed for various reasons or the deals made by other operators and deed restrictions put in place in order to reduce competition in Atlantic City so the remaining casinos would have a better chance. However, the study was one-sided and incomplete in that it, “did not analyze or quantify the offsetting economic impacts of casino expansion in northern New Jersey,” according to the 110-page document’s Executive Summary (PDF). The gambling operator recently announced that as many as 2,3...
Another reason those tactics may not be in play is that it is very difficult, if not impossible to find valid studies that support the view that casinos bring such blights to their communities.estion now, and it is no wonder as they were all done by South Jersey interests,” said Ron Simoncini, Executive Director for the North Jersey Gaming Advocates. The gambling operator recently announced that as many as 2,3...
The study’s conclusion was apocalyptic and predicted either a contraction of industry EBITDA to some 5 million at best (from then current 4 million) or the closure of three to five Atlantic City casinos. The study’s conclusion was apocalyptic and predicted either a contraction of industry EBITDA to some 5 million at best (from then current 4 million) or the closure of three to five Atlantic City casinos. “North Jersey Casino supporters; this tells us it’s not over....
