![]() Atlantic City made a bad bet, yoking its economic aspirations to a single industry in a market that has since become saturated with casinos all up and down the East Coast. ![]() Atlantic City ushered in the era of "gaming," as the industry likes to call it, on the East Coast-but today, city and state officials are bickering over last-ditch proposals to pull the city back from the precipice of bankruptcy. It was the ultimate Faustian bargain: Gambling industry investments would save the fading grand dame of the Jersey Shore. ![]() In 1976, visions of dollars sloshing into municipal and state coffers lured New Jersey voters into establishing casino gambling into Atlantic City. ![]() Four decades ago, Atlantic City rolled the dice on the city's future-and lost. ![]()
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