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

A fresh Jersey Assembly committee will hold a hearing that is public one of the two proposed bills for casino expansion outside Atlantic City on January 7. The hearing will occur in Trenton and attendees will talk about whether starting two casinos in North Jersey is best for their state.

Earlier 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 occurred on 21 december. If approved, the proposed legislation would require the two brand new gambling enterprises become handled by an current nj-new jersey gambling operator. In comparison, the bill that is assembly-sponsored need only 1 for the two casinos become owned by an Atlantic City casino company.

Commenting in the two proposals, Assembly Speaker Vincent Prieto said that both houses regarding the Legislature haven’t agreed on which one of the two could be put before voters at the 2016 referendum november. Mr. Prieto additionally remarked that the Assembly-sponsored bill has not been changed since the other day, when an amended version was presented.

It is important to observe that both bills necessitate tax revenue from the two new gambling enterprises to be sent to Atlantic City in a bid to boost its struggling economy and compensate for future years competition that is in-state. Nonetheless, the two proposals differ how much exactly the city would receive and how much will be contributed to other statewide causes. Read more