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