Last year Atlantic City casino revenues declined for the first time in a long time. Much of the attributed reason is newly opened casino gaming in Philadelphia. New political debacles are halting future development in Philadelphia. Finally, political bickering to balance our own political bickering.
Reading Casino Connection’s Blog –
Long-term prospects in Atlantic City are not in danger from Pennsylvania, but it’s not only because of Pennsylvania’s onerous gaming tax. Pennsylvania lawmakers and city authorities are, right now, the best friends of Atlantic City operators. Not to mention their own worst enemies.
While Atlantic City breathes a sign of relief – for now NJ has competition for ineffective government – a lesson should be drawn. Undue government interference and double-standards are bad for business. They are bad for casino workers and bad for casino operators. Excessive government interference and double-standards are bad for the entire city-region economy that is fueled by casino gaming success.
In light of PA’s governmental failures, NJ can clean-up its act and get out of Atlantic City’s way. NJ will not, but NJ could.