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Trump Taj Mahal Casino and Hotel in Atlantic City, shown here in April, has In a deal to be announced today, Ultimate Gaming, which is majority-owned by reorganization, Trump resigned as a company executive and member of the board of directors. Copyright © Las Vegas Review-Journal, Inc. | Privacy Policy.


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Perskie had been one of the primary figures in the move to legalize casinos for Atlantic City in when he was in the state Assembly. Benjamin Cohen, who became the first general counsel, and Joseph A. Byrne failed to nominate any replacements. Hilton Hotels spun off its casino operations into a new company called Park Place Entertainment, which included properties in Atlantic City, Nevada, Mississippi and elsewhere. The struggling Atlantis came to the end of its financial rope in and the Commission refused to renew its casino license. Fusco, who became the special counsel for licensing. Playboy had a choice of keeping its casino or keeping its chairman. In their last move before the license expired, Elsinore officials sold the property to Donald Trump. That led the Legislature to amend the Casino Control Act and give the Commission the authority to issue a temporary permit. The following year started a period in which the Commission focused a lot more on financial matters than ever before. The Commission rejected the advice of the Division of Gaming Enforcement and decided to renew a license for Resorts International. The Commission approved the restructuring deal for the Sands which gave investor Carl Icahn control over the property. Chairman Smith started an aggressive outreach program to better inform the investment community of the legislative and regulatory changes that had been made in Atlantic City. It was one of the recommendations in the management audit that had been completed in The shift of another 25 employees meant that three quarters of the Commission staff was based in Atlantic City, but they were also housed in three different buildings. Chairman Perskie immediately started a massive overhaul of the Commission that continued well into Divisions were realigned, the budget was cut and, for the first time, the Commission underwent a significant reduction in force. It was quickly apparent that the building would be finished long before an investigation would be completed and a licensing hearing held. Supreme Court. He replaced Commissioner Brown whose term expired. The Commission also moved its staff who had been working in the CitiCenter Building into newly renovated space in the Arcade Building. Carl Zeitz left the Commission in and was replaced by Frank J. Lordi held meetings in his office with corporate executives and everyone had to keep on their winter coats and gloves. Those were heady days. Kenneth Burdge, then the Ocean County Clerk and acting county administrator. For example, the legislature eliminated facilities requirements in , permitted three new games, made it easier for institutional investors to invest in casino stocks and gave the Commission the power to approve hour gambling on weekends, holidays and other special occasions. By the time the Commission got started, work was well underway to renovate the old Chalfonte-Haddon Hall to convert it to Resorts International Hotel Casino and pressure was mounting to get the first casino licensed and open. Several other operators were discussing expansion plans as well. Several of its recommendations were enacted quickly while others waited for several years until a new chairman was appointed. In , the legislature permitted the Commission to authorize hour gambling all year if it would have an economic impact on the city. Lawmakers also approved simulcasting of horse races to casinos. But before she joined, the Commission ruled in two major cases. Icahn then unsuccessfully tried to buy the Claridge, which had also been in Chapter 11, but was outbid by Park Place Entertainment.{/INSERTKEYS}{/PARAGRAPH} Their first task was to set up the office and decide how to structure an agency to regulate an industry that was brand new to the state. The first of those projects came on line in with the opening of the Sand Castle stadium which would become home to the Atlantic City Surf, an independent league baseball team. Dodd arrived at a time when the Commission was faced with one of its toughest decisions. Lordi had already retained Cathy Hoffman, who initially was the entire clerical support staff for the Commission. Chairman Bradford Smith left the Commission in and Gov. Internally, and as a result of some pressure from the industry, the Commission retained a consulting firm which conducted a management audit of the agency. As a result of an agreement reached a few years earlier between the regulators and the industry, the regulators agreed to reduce duplication in the regulatory system and cut costs. For months, the Commission worked feverishly to develop regulations, systems, and controls prior to the opening of Resorts on May 26, Meetings were often marathon sessions. Corsey who had been active in various charitable and government positions in Deptford Township. Don Thomas left the Commission late in and was replaced in the spring of by Valerie H. Starting in and continuing for the next several years, the Commission focused on redefining the agency after a series of legislative changes. Instead a conservator was named to take control of the property when the license expired. At the same time, revenues flattened out and the business climate weakened. It was a humble beginning for an agency that would grow to regulate a multi-billion dollar industry. Changes to the act continued in , and the Commission started using its power to approve new games. He visited with a number of Wall Street analysts, attended investment company seminars and other gaming conferences to discuss the more business friendly attitude in New Jersey. But the Commission also showed its commitment to the redevelopment of Atlantic City with the completion of the American City Corp. Chairman Perskie resigned in and Gov. In between casino license hearings, the Commission also held an extraordinary hearing that examined Local 54 of the Hotel Employees and Restaurant Employees Union. Construction started on the Borgata Hotel Casino and Spa in , the first new casino to start up in over a decade, and the future seemed bright for Atlantic City. Byrne decided not to designate a chairman. Maven was sworn in as a new member of the Commission. In , the Commission held licensing hearings for Playboy Enterprises and concluded that its founder and chairman, Hugh Hefner, was unqualified. The Commission produced a detailed report for the study commission about gaming in Atlantic City. In , two casinos were sold and another underwent a massive recapitalization. While the pace of development continued to surge ahead, the Commission was stunned in by the Abscam investigation which led to the resignation of one commissioner. The legislature acted swiftly to reestablish public confidence by reconstituting the Commission with five full-time members. Construction started in on a controversial roadway and tunnel connecting the end of the Atlantic City Expressway with the Marina District — a project that opened that area to new casino development. Perskie initiated a major reexamination of the role of the Commission and started the process of moving the Commission out of what many considered to be business decisions for the casinos. The Commission promptly decided it would have an impact and casinos have been open around the clock ever since. The legislature also gave casino employees the right to gamble and the Commission the power to approve new games for casinos. Commissioner Legreide was reappointed and Susan F. He received credit toward his degree for the work and it earned him a full-time slot on the staff when he finished school. While she was acting chair, the Trump Taj Mahal opened and the Commission started some steps toward becoming more responsive to industry concerns. As a result, commissioners remained as holdovers for years. Commissioner Thomas then served as acting chair for most of Through all of that, the Commission kept up its hectic pace of opening and licensing casinos. Commissioner Waters left the following month at the end of his term. Between the time the new full-time Commission started in late August of and November of , four new casinos opened and the Commission held five plenary licensing hearings. That brought the entire staff, save for inspectors, into one building for the first time since the Commission occupied those two rooms in the Inn of Trenton. Other projects followed in subsequent years. In January , the National Gambling Impact Study Commission came to Atlantic City to hear from the industry, government leaders, the business community and residents about the impact of casino gaming. Later in the year, the Commission had to rule on the purchase of Showboat Inc. The year was a watershed year for changes to the Casino Control Act — changes that again dramatically refocused the Commission. Armstrong , an Administrative Law Judge from Absecon. The Commission, in turn, focused on economic concentration. The Commission also had to review the issue of corporate takeovers as Donald Trump threatened takeover attempts against Holiday Inns Inc. Both Resorts and the Taj Mahal ended up going through Chapter 11 reorganizations within just a couple of years. After that, Trump turned his attention to Resorts and reached a deal to acquire the stock held by the estate of Resorts chairman James Crosby. As the staff grew, the Commission checked out of the hotel and into several temporary offices along West State Street in Trenton. In addition, a third-year law school student named Scott Silver showed up at the offices and volunteered to work. {PARAGRAPH}{INSERTKEYS}When the Casino Control Commission was created in , it checked into the Inn of Trenton and set up shop in two rooms. By , there were close to 50 casino proposals being touted and every meeting was packed with would-be casino workers pleading to know when they would be licensed. When the legislature amended the Casino Control Act, members made it clear that they felt casinos should come to Trenton to get a license. Golden Nugget Inc. In its twentieth year, the Commission continued the process of fine tuning its regulations. David Waters to the Commission. In turn, the industry agreed to direct those savings into new revenue-producing projects in Atlantic City that would make the city a more attractive destination. Redevelopment of Atlantic City continued in with several housing projects and a new senior center as well as a new tourist information center. As ended and began, Chairman Read agreed to resign his seat. Lordi barely had a chance to settle into his new office before he retired in June With his departure, vice chair Danziger took over as acting chairman for the rest of the year. Lordi to head the agency. In , the Casino Control Act was amended again to eliminate the requirement that a casino be a single room — a change that facilitated development of the Wild Wild West Casino. Using money saved by reducing the cost of casino regulation, the Ocean Life Center now called the Atlantic City Aquarium was completed.