Atlantic City — Whether or not the casino’s arrival in Atlantic City 45 years ago fully lived up to its promise, there’s no question that gaming has completely changed the resort.
This was titled “Celebrating 45 Years: Casino Gaming Legalized in New Jersey,” held by the Lloyd D. Levenson Gaming, Hospitality and Tourism Institute (LIGHT) at Stockton University’s Atlantic City campus on Thursday. It was the main message from the panel discussion.
“A man who made a life for himself that he otherwise would not have had the opportunity to do, by working in an industry that offered salaries and jobs that were unthinkable in the town that existed here. 1977,” said Michael C. Epps, now a city attorney, but was the first Atlantic City native to serve on New Jersey’s Casino Control Commission (CCC). .
“But some feel they haven’t fully received the promises offered. They’re still waiting for it to come true.”
Epps was moderated by LIGHT Faculty Director Jane Bokunewicz and the following panelists: Lynne Levin Kaufman, co-chair of Cooper Levenson’s Gaming Law Practice. Steven P. Persky, former High Court Judge and original New Jersey author and principal co-sponsor of his Casino Control Act, Stephen P. Persky, and David Rebach, Director of the New Jersey Gaming Enforcement Division.
Stockton’s Vice Chancellor for Academic Affairs Reamer Kahanoff, former State Senator Bill Gormley, and CCC Chairman James T. Prusis also appeared in front of a packed audience in the Fannie Lou Hamer event room. spoke at the start of the discussion. John F. Scarpa Academic Center.
“As a neighbor of Atlantic City, Stockton University has grown with the casino industry and has had the opportunity to witness the many changes that have taken place,” said Kahanov. “The casino governing board has set a standard for other states to follow.”
But that wasn’t always the case, says Perskie. In fact, the idea of bringing the game to New Jersey and Atlantic City was never really popular.
“An industry that was thought to be organized and funded by people you didn’t want to invite to your house for dinner was considered nationally,” Persky said. A series of mayors imprisoned for
Persky said the casino industry was considered a place for mobs.
“So the idea of having a casino in Atlantic City meant moving a corrupt industry to a corrupt city in a corrupt state,” he said with a laugh.
To allay doubts, Perskie and other panel members said states need to be sufficiently clear that the regulations are strong and hard to enforce. And everyone agreed that the CCC had achieved that goal because New Jersey’s casino regulation had become the “gold standard” for other states and even countries, Plousis said.
“Public trust, trust and confidence in the casino industry has increased after New Jersey has demonstrated that it can ensure good character, integrity and integrity in the industry,” he said.
The game is now played in 46 other states, and there are an additional 485 commercial casinos in the United States, employing nearly 1 million people.
“This industry started because of the good practices that Atlantic City has,” says Plousis.
Persky believes Atlantic City is much better off thanks to its casinos, but the resort has not reached its full potential due to disputes and disagreements between the city and state governments. said.
“From my point of view, the future depends on what the industry does and what the government does,” Perskie said. “The industry will continue to do what it has been doing. The question is whether governments will continue to hold themselves accountable.”
One of those responsibilities is to stay at the forefront of recognizing evolving trends in the casino industry, such as sports betting and esports, and how to regulate and monetize them.
“It’s clear that New Jersey can be a leader in integrating esports into both the retail and online gaming environment,” said Rebuck. “I think it’s a challenge to beat Nevada.”
In the future, Kaufmann hopes to further increase the diversity of the casino’s top management.
“Why aren’t there more female CEOs? We need more. We’re trying, but it’s a long process,” she said, noting that half of internet gaming and sports betting customers are women. He added: “When you hire diverse people to represent your customers at the top, you get a better product.”
The discussion ended with all participants agreeing that while the industry is still recovering from the COVID-19 pandemic, a bright future awaits.
Giannantonio, a graduate of Stockton University, said: “It takes work, but it’s not brain surgery.”
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