According to this article by NorthJersey.com, Atlantic City may have to take on an additional tax burden after casinos in the city won a large property tax reduction in court. The reduction is due to declining property values of casinos because of the casino industry’s overall downward spiral in recent years. The city will now have to cope with the loss of serious tax revenue in addition to its long-term financial struggles.
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Despite a mountain of evidence, states continue to partner with powerful gambling corporations to promote ever more extreme forms of