Letter from Joseph Corbo to the Boston Globe
Posted: March 20, 2008
Author: Joseph A. Corbo Jr., President
Casino Association of New Jersey
Date: March 10, 2008
In response to: "The Ills Casinos Bring" in The Boston Globe (March 4, 2008)
Derrick Jackson's March 4 column "The ills casinos bring" mischaracterizes Atlantic City and the gaming industry.
New Jersey's casino industry is an economic engine for the entire state. Our industry generates billions of dollars in capital investment and tax revenues, employs more than 60,000 people who earn good salaries with benefits, and purchases $2.2 billion annually in goods and services from New Jersey businesses.
The tax revenues we generate benefit New Jersey's senior and disabled citizens through a prescription drug assistance program. Millions of dollars of our tax revenues have funded the redevelopment of blighted areas throughout the state. In Atlantic City alone this investment has spurred hundreds of millions in housing and other strategic projects that are helping to make the city an attractive place to live, work, and raise a family.
Atlantic City is a markedly better place today than it was 30 years ago when the first casino opened. However, the best is yet to come, with billions of dollars of capital investment poised to be invested in the city that will have a similar positive multiplier effect both locally and throughout the state.
Joseph A. Corbo Jr.
President
Casino Association of New Jersey
Atlantic City
