This amounts to 20 percent of the city’s annual revenue. Last month, a state tax court judge ruled that the city owes the Borgata Hotel Casino & Spa, one of 13 casinos within its borders, a $48.8 million tax refund - plus interest - on property taxes from 20. The grand economic development experiment is over. Chris Christie has tried doing with $261 million in tax credits and looser regulations, it’s time for Atlantic City to cut bait. But rather than rehabilitate the local gaming economy, as New Jersey Gov.

And those shiny toys filled with blackjack and roulette will weigh on voters’ minds as they head to the polls to vote for mayor today. Casinos, meant to boost the city’s economy when gambling came to its shores in 1976, are instead gutting America’s Favorite Playground.