Contact Us
Make My Homepage

Atlantic City Losing Millions From Casino Tax Appeals [AUDIO]

In these tough economic times, many casinos in Atlantic City are filing tax appeals and recouping millions of dollars.

Matthew White, Townsquare Media

Over the past several months, three casinos have settled their appeals, collecting a combined $27 million dollars, and 7 other casinos have also filed appeals.

Roger Gros, the Publisher of Global Gaming Business Magazine, says “what the city needs to do now is actually go back in and really reevaluate the shape of the city – city services- things of that nature…they need to come up with a reasonable tax rate, but they also need to understand that there are certain city government (departments) that are bloated- there are certain employees that are on staff that aren’t doing the job…they really need to go back and figure out how they’re going to run the city with reduced revenue.”

He says there’s a certain amount of money “that is dedicated to the tourism district for law enforcement, for public services, public works- and that money obviously will have to be adjusted – but I don’t see the state allowing their tourism district to get off track here, because it’s just too important to the state – I think the Governor will figure out a way to maintain certainly the law enforcement services – and the public works that are devoted to that area of the city.”

Gros adds “they’re not going to let any fiscal problems within the city of Atlantic City to mess up the tourism district- state government will figure out how to get enough revenue in there to really do what they’re looking to do.”

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Best of NJ101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.