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The Atlantic City Free Public Library - History of Casino Gambling in Atlantic City
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New York: Random House, Story of the first casino to open in Atlantic City, with extensive background on efforts to legalize gambling in New Jersey. Sternlieb, George and Hughes, James W. Casinos are also required to invest 1. August 11, Closed November 11, Buildings imploded October 18, July 20, Merged into Bally's December 30, Sold February ; no longer an operating casino. These include:. Atlantic City's first casino, Resorts International, opened on May 26, In , the casino industry in New Jersey employed more than 34, people, not including those workers who work in leased stores and restaurants within the casinos. Focus is on the city's senior citizens. Overview of the combined impact of casino gambling and organized crime on Atlantic City. Casino Tax and Reinvestment Obligations The state's 8 percent tax on casino gross revenues is devoted to the Casino Revenue Fund which funds programs that provide resources and services to disabled and senior citizens. These include: Cialella, Edward Charles.{/INSERTKEYS}{/PARAGRAPH} A City Revitalized. Study of the "social dislocation and personal hardship connected with the revitalization" of Atlantic City following the legalization of casino gambling. In July , the casinos in Atlantic City were forced to cease gambling operations due to a state-wide budget crisis. The Elderly Lose at Monopoly. Pollock, Michael. The Boardwalk Jungle. A Twentieth Century Fund Report. Demaris, Ovid. Teski, Marea, et al. New York: Bantam, Looks at organized crimes attempts to hijack Atlantic Citys nascent casino industry. {PARAGRAPH}{INSERTKEYS}The issue of casino gambling first appeared on a ballot for New Jersey voters on November 5, A revised referendum, limiting gambling exclusively to the city limits of Atlantic City, was placed on the ballot November 2, The second referendum was approved by a slim margin, with approximately 1. Casino finances are usually reported in terms of gross revenue which is the amount casinos win from gamblers after all payouts have been made. Legislation and regulations governing the operation of casinos in New Jersey are regarded as models by other jurisdictions where gambling has been legalized. State regulators, whose presence is required for gaming operations, were prohibited from working. Mahon, Gigi. The state's 8 percent tax on casino gross revenues is devoted to the Casino Revenue Fund which funds programs that provide resources and services to disabled and senior citizens. City politics and casino management are also examined. A number of books have been written examining the early and ongoing results of Atlantic City's experiment with gambling. Cialella, Edward Charles. Casino Revenues Casino finances are usually reported in terms of gross revenue which is the amount casinos win from gamblers after all payouts have been made. Casino Employment and Vendor Business In , the casino industry in New Jersey employed more than 34, people, not including those workers who work in leased stores and restaurants within the casinos. The Atlantic City Gamble. D dissertation, Temple University, Examines the early outcome of predictions made by proponents and opponents of gambling legalization. Authors present the case that, in the first five years, the social and economic impact of casino gambling failed to live up to its promise. With a mandate to revitalize urban centers throughout the state, CRDA has funded a wide array of infrastructure, housing, economic, cultural and social development projects. The casino floors were closed for three days.