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Hearing on New Jersey Casino Expansion to Be Held on 7 january

Wednesday, January 15th, 2020

Hearing on New Jersey Casino Expansion to Be Held on 7 january

A fresh Jersey Assembly committee will hold a public hearing on one of the two proposed bills for casino expansion outside Atlantic City on January 7. The hearing shall take place in Trenton and attendees will discuss whether starting two gambling enterprises in North Jersey is best for the state.

Early in the day this the New Jersey Legislature was presented with two proposals, calling for expansion of casino gambling outside Atlantic City year. A hearing on the Senate-sponsored bill took place on December 21. If approved, the proposed legislation would require the 2 new gambling enterprises become handled by an existing nj-new jersey gambling operator. By comparison, the Assembly-sponsored bill would require only 1 of this two gambling enterprises to be owned by the Atlantic City casino business.

Commenting regarding the two proposals, Assembly Speaker Vincent Prieto stated that both homes of the Legislature never have decided on which one of this two could be placed before voters at the 2016 referendum november. Mr. Prieto also noticed that the Assembly-sponsored bill has perhaps not been changed since last week, whenever an amended version was presented.

You should keep in mind that both bills necessitate tax revenue through the two new casinos become provided for Atlantic City in a bid to boost its struggling economy and compensate for future years competition that is in-state. Nevertheless, the 2 proposals vary on how much precisely the city would receive and exactly how much could be contributed to several other statewide causes. [more…]