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The MLCVB information campaign goes on to state that, “The truth is that despite the claims in their evil commercial, the introduction of this Referendum does not add to crime, it does not allow casinos to be built in any location, it will not increase property taxes and it has nothing to do with the performance of our schools,” and concludes, “The problem is that we in New Jersey are so discouraged by our own government that we are willing to bwhat happened to lords of blackjack agxzelieve almost anything no matter how ridiculous.) it seems twhat happened to lords of blackjack agxzhe trend is to deny Question 1.What the commercials don’t do is explain how or why opening two casinos in North Jersey, each with a minimum billion investment and available first to existing Atlantic City operators, would create the sort of economic hellscape the advertisements portend....
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. 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. It is the same thing as any other con – from Bernie Madoff to Charles Ponzi – they say it convincingly and we fall for it, only to pay a heavy price later....
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.New Jersey voters will go to the polls Tuesday without all of the information they need to make a completely rational decision.The singular known economic impact study on the issue, prepared by gaming analysts at the request of Resorts Casino, is where the numbers are to be found....
The MLCVB information campaign goes on to state that, “The truth is that despite the claims in their evil commercial, the introduction of this Referendum does not add to crime, it does not allow casinos to be built in any location, it will not increase property taxes and it has nothing to do with the performance of our schools,” and concludes, “The problem is that we in New Jersey are so discouraged by our own government that we are willing to bwhat happened to lords of blackjack agxzelieve almost anything no matter how ridiculous. 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.The singular known economic impact study on the issue, prepared by gaming analysts at the request of Resorts Casino, is where the numbers are to be found....
One reason for that could be that a major funding source for Trenton’s Bad Bet is Resorts World Casino New York, and one of the other opponent groups, “No North Jersey Casinos” counts as its most prominent members the Southern New Jersey Chamber of Commerce and the Greater Atlantic City Chamber, whose interests obviously align with those of Atlantic City casinos. 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 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....
