Atlantic City Mayor's Guilty Plea Unlikely To Stall Gaming Industry's Success

The disgraceful exit of yet another Atlantic City mayor is unlikely to impede the gaming industry’s recent success in New Jersey but the scandal could open the door for changes sought by a former state senator whose legislation helped expand sports betting across the country.

Frank Gilliam, Jr., 49, resigned after pleading guilty on Thursday to stealing more than $87,000 in donations to the AC Starz Basketball Club, a local non-profit youth basketball program he co-founded.

U.S. attorney Craig Carpenito said that Gilliam is scheduled for sentencing January 7 and faces up to 20 years in prison.

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