ATLANTIC CITY – Senator Jim Whelan, D-Atlantic, the Chair of the Senate State Government, Wagering, Tourism and Historic Preservation Committee, and co-chair of the landmark Legislative Gaming Summit which developed a game plan for casino and racetrack stability and revitalization earlier this year, issued the following statement today after the Governor signed two landmark casino reform bills in Atlantic City:
“As the economic engine for Southern New Jersey, Atlantic City’s casino industry is of vital importance, and the jobs, tax revenue and economic activity produced through casino gambling have an impact on the entire state. However, with increased competition from out-of-state gaming vendors, and with a soft economy, people are spending less money at our State’s casinos, and the entire industry is in crisis.