Atlantic City-30th year anniversary of casino gambling

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ATLANTIC CITY - In Massachusetts, the governor is pushing plans to build three resort-style casinos. Kentucky's governor wants a dozen casinos for his state. Pennsylvania's nascent gambling industry has opened seven slot parlors and has approval for seven more.Throughout the country, more and more states have turned to the casino industry as an economic savior or are flirting with the idea. Except for Nevada, New Jersey was way ahead of them all, betting on casino gambling in 1978 to revitalize Atlantic City.
As the city prepares to mark Monday's 30th anniversary of the opening of the first casino, there is no disputing that the gaming industry has profoundly reshaped a resort city once decimated by poverty, crime and high unemployment.
The successes are obvious: Casinos have created more than 40,000 jobs. They have paid $7.5 billion in taxes to fund state programs benefiting senior citizens and people with disabilities. They also have fulfilled the promise of being "a unique tool of urban redevelopment" by investing $1.8 billion for economic development and new housing projects developed by a casino-funded state
agency.
"The people around here realized that you had one thing that would encourage developers to rebuild the city - and that was casino gambling, because the revenue is unbelievable. It worked. It really worked," said Ed Colanzi, a former city commissioner who was a key supporter of the 1976 state referendum that authorized casinos.



http://www.pressofatlanticcity.com/other/press/links/web_specials/story/168012.html

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