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Economy / Atlantic City / Gambling #54024

ABC Evening News for Friday, May 26, 1978
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(Studio) Hike in prime interest rates by banks in NYC, Philadelphia and Chicago reported Commerce Department report on balance of trade deficit for April stated. New Jersey Governor Brendan Byrne's cutting of ribbon opening Atlantic City's gambling bus. noted; potential for gambling industry to aid economy situation of city outlined. Film shown.
REPORTER: Tom Jarriel

(Atlantic City, New Jersey) Effects of legalized gambling in Atlantic City, in recent years known mainly for hosting Miss America pageant, detailed; advantages and disadvantages listed. Opening of Resorts International casino mentioned. [City resident Joe RODERICK - describes conditions in slums near gambling district.] State's efforts to keep organized crime out of gambling industry noted. Other effects of industry opening stated. Also mentioned are Tall Cedars of Lebanon Forest No. 95 convention group, Steve Lawrence and Eydie Gorme.

Brown, Bob;
Jarriel, Tom

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