Casinos to Benefit from Sandy Aftermath

Posted: Feb. 4th, 2013  |  By Michael Pearse
AC coastline and casinos
Vernon Ogrodnek

Atlantic City mostly thrives on its casinos. Well after Hurricane Sandy it seems as though the Casinos are going to do a lot better then they have been doing. Because their will be more jobs in the area, mostly construction, more people will come into the area. More people equals more money for casinos.

Parts of Louisiana were left in ruins after Hurricane Katrina struck in 2005, but the casino industry there also benefited from the storm’s aftermath, according to researchers.

Millions of dollars in federal disaster aid brought with it the promise of jobs and resulted in a large infusion of out-of-state construction workers who frequented casinos and likely contributed to an increase in gambling revenue in that region, according to researchers and revenue data.

A similar situation could be in store for New Jersey, with the U.S. Senate expected to soon pass a bill authorizing $51 billion in Hurricane Sandy federal disaster aid, New Jersey Legislative Budget and Finance Officer David Rosen told state lawmakers earlier this year during a committee hearing on the state budget. Rosen said he spoke to Louisiana officials about their experiences following Katrina.

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