Yet most operators in Atlantic City did nothing. And that every new casino opening meant splitting that pie into ever smaller shares. For a while it seemed casinos were the definitive magical bullet that could fix any funding gap. Now they’re seemingly everywhere.Īll the money made Atlantic City casino operators flush with cash, obfuscating reality: There is only so much gambling money to go around. First on Indian reservations in Florida and Connecticut, then in places such as Biloxi and Tunica, Miss. Then casino gambling started its slow march across the country. For a couple of decades the boardwalk big shots had nothing to worry about.
And that was good for a while it turned out to be a massive mistake.
