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It is the same thing as any other con – from Bernie Madoff to Charles Ponzi – they say it convincingly and we fall for it, only to pay a heavy price later.The singular known economic impact study on the issue, prepared by gaming analysts at the request of Resorts Casino, is where the numbers are to be found. The study’s conclusion was apocalyptic and predicted either a contraction of industry EBITDA to some 5 million at best (from then current 4 million) or the closure of three to five Atlantic City casinos....
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