Resorts Int'l Hit The Jackpot In Atlantic City.(THE SMART INVESTOR)(WINNING WAYS)

Publication: Investor's Business Daily

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COPYRIGHT 2005 Investor's Business Daily, Inc.

Byline: KEN HOOVER

New Jersey voters approved a ballot measure in November 1976 to legalize gambling in Atlantic City.

They made betting palatable by earmarking a portion of casino revenue to be paid to the state to help the old and disabled.

One of the first backers of the ballot measure was Resorts International, a company whose stock had languished in single digits with little volume, no institutional support or Wall Street following.

The success of the ballot measure changed that. The stock moved from below 5...

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