The Definition of Insanity…

The Definition of Insanity

Many pundits say the biggest problem in Atlantic City is the over-saturation of casinos in the Northeast. So what is the solution being discussed by New Jersey leaders? That’s right, adding more casinos to northern New Jersey.

Sounds insane, doesn’t it?

The same arguments have been made in Florida since 2011.

Albert Einstein defined insanity as “doing the same thing over and over and expecting a different result”

By his definition, this argument for more gambling to save gambling is insanity.


bloomberg

N.J. Considers Ending Atlantic City’s Gambling Monopoly

By Elise Young and Terrence Dopp

Sep. 8, 2014

As Governor Chris Christie seeks a lifeline for an Atlantic City weakened by a spate of casino closings, lawmakers are considering a move that could doom the oceanside resort.

Voters may be asked as soon as November 2015 to overturn an almost 40-year-old law that gave Atlantic City a monopoly on gambling in New Jersey. The restriction helped turn the tourist spot at the state’s southern end into the top U.S. East Coast gambling destination, until competition in neighboring states led to seven straight years of declining revenue.

Read the full article here