Come-Out Roll: Atlantic City Looks to Fresh Start Beyond Gaming

September 28, 2009 – In The News

A recent conference that examined 30 years of gaming in Atlantic City offered a retrospective on casinos and gaming in the city, exploring successes and failures and showing that cooperation between the industry, the city and other stakeholders is key to success as the industry prepares to latch on to the much-anticipated economic rebound with new casinos and the redevelopment of existing ones. Tight regulation of the industry has enabled casino operators to tap Wall Street for institutional funds that were not easily available to their Nevada counterparts, according to Nick Casiello Jr. “New Jersey’s gaming regulations had the strictest requirements in the world,” he said. “The flip side was regulation made it an expensive industry [to operate] in New Jersey,” encouraging competition from states that were not as strict.