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Casino Industry Facts"The Atlantic City casino industry generates over $5B in Gross Gaming Revenue ("GGR") annually, which is equal to the 24 largest casinos on the Las Vegas strip." · The Atlantic City casino industry currently includes 11 casino hotels.
· 35 million people visit Atlantic City annually. · Atlantic City ranks fourth on the top five most visited destinations in the United States. · The industry has produced, and continues to produce, enormous economic benefits to Atlantic City, South Jersey and the entire State, notably:
· Atlantic City is the only gaming destination in the East that enjoys a stable, fair tax rate which has led to a concentration of capital investment in one location that no other state could hope to match. · Other states are imposing high tax rates, and a limited number of licenses. Such properties will target smaller markets, with fewer opportunities. |
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