There’s no stopping now for investors to place their bet on the beleaguered Atlantic City now that New Jersey residents have thumbed down the North Jersey casino expansion plan.
Press of Atlantic City painted a rosy picture for Atlantic City after it reported that investors are taking a second look at Atlantic City after New Jersey voters said no to ballot question number 1, which would have allowed casinos outside the jurisdiction for the first time in the state’s 38-year history of legalized gambling.
An overwhelming 79 percent of New Jersey residents have shot down the idea to build two new casinos in the northern part of the state, near New York City, in an effort to recapture gambling revenue lost to casinos in Pennsylvania and New York.
With the North Jersey Casino plan shelved, casino-industry watchers and developers now finds Atlantic City a safer bet.