Wednesday, January 12, 2011

Effect of New Jersey smoking ban 4 years later? Casino and gaming revenue down 31%

ATLANTIC CITY, N.J. (AP) — In just four years, the nation's second-largest gambling market has lost nearly a third of its business.

Year-end figures released Monday show Atlantic City's casinos took in $3.6 billion in 2010, down from $5.2 billion in 2006, a decline of nearly 31 percent. The yearly decline was 9.6 percent, marking the fourth year in a row that New Jersey's casinos took in less than the year before.

What happened 4 years ago which preceded the rapid revenue decline? New Jersey enacted their smoking ban.....4 years ago ...(Atlantic City casino exemptions were only temporary according to this article).

Color us shocked. Everywhere enacted, smoking bans have decimated businesses and jobs, even though Nicoderm funded liars, er um, lobbyists like the American Lung Association, Campaign for Tobacco Free Kids, American Cancer Society, etc. told lawmakers and the public that "smoking bans are good for business".

Incidentally, a Minnesota Auditor's Office report found that the MN state smoking ban decreased revenue 31.9% in the hospitality / entertainment industry.......coincidence? ......we think not.

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