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The Gaming Hall of Fame

1991 Inductee

James Crosby

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James Crosby (1927-1986) was instrumental in bringing casino gaming to Atlantic City.

Crosby became chairman of the Mary Carter Paint Company in 1960, but he didn't sell paint for long: eight years later, he bought a casino on Paradise Island in the Bahamas and sold off the company's paint-related assets.

The company, renamed Resorts International, became involved in the drive to legalize casino gaming in Atlantic City in the early 1970s. Before the successful 1976 referendum to bring casino gaming to New Jersey, Resorts bought one of the city's largest hotels, Chalfonte-Haddon Hall. With gaming now legal, Crosby commenced turning the classic hotel in the city's first casino.

When Resorts International opened on May 26, 1978, it shattered all previous records for casino revenue and profitability. It also began a new era for Atlantic City. Within a few years, several casinos had created jobs and helped to revitalize the resort.

Crosby passed away in 1986, and Resorts has since been acquired by a string of high-profile owners, including Merv Griffin, Sol Kerzner, and Colony Capital. The adjacent Taj Mahal project, whose construction had stalled, was purchased by Donald Trump and opened in 1990.

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Last modified Tuesday, 10-Mar-2009 14:59:30 PDT

 

 

This page last updated Tuesday, 10-Mar-2009 14:59:30 PDT .