A special counsel recommended the Senate consider a review of the Atlantic City Casino industry regulations.
US.- The gaming industry is continuously changing and regulations may do so in the near future in Atlantic City. The governor appointed a special counsel, which testified before a Senate committee to make certain recommendations.
Counsel Jim Johnson told the Senate State Government, Wagering, Tourism and Historic Preservation Committee to consider regulation changes. He explained the local industry needs an update to avoid a potential collapse. Specifically, he referred to the number of licences issued and overall market capacity.
According to Johnson efforts to stabilize the industry could be undermined if the segment faces setbacks like it did in 2014 & 2016. Back then, five properties had to close and meant the loss of nearly 8,000 jobs.
The Atlantic City casino industry consists of nine operational casino hotel properties as the Hard Rock Hotel & Casino and Ocean Casino Resort struck down Boardwalk gaming halls.