Making the News

Press of Atlantic City

Originally Published:Thursday, November 4, 2010
http://pressofatlanticcity.com/article_aba72616-e87e-11df-92ad-001cc4c03286.html

Analysts welcome regulatory reform

By Donald Wittkowski
Press of Atlantic City

"You have to argue that the regulatory costs have to be on the table. There's no question about it," said Michael Pollock, managing director of the casino consulting firm Spectrum Gaming Group, based in Linwood.

Pollock said Christie's proposal is reminiscent of the wholesale regulatory changes made in the early 1990s. At that time, many of the regulatory powers shifted from the state Legislature to the New Jersey Casino Control Commission and the New Jersey Division of Gaming Enforcement.

"That helped lead to the renaissance of Atlantic City, starting in the mid-1990s, because it sent the message that New Jersey was serious about improving the investment climate by lowering the regulatory costs," said Pollock, who served as a Casino Control Commission press spokesman in the 1990s.

"There's been a lot of duplication in the system. It should be the goal of government to eliminate that duplication," said Fredric Gushin, another managing director of Spectrum Gaming Group and a former assistant director of the Division of Gaming Enforcement. "Change, as long as it maintains the integrity of the system, is not necessarily a bad thing."

Gushin envisions New Jersey having a smaller regulatory structure more in line with Nevada's. "The concept of having a gaming commission that is slimmed down and is like a Nevada Gaming Control Board is a very sound concept," he said.

 

 

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