Hearing on New Jersey Casino Expansion to Be Held on January 7
A New 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 occur in Trenton and attendees will talk about whether starting two gambling enterprises in North Jersey will be beneficial to the state.
Earlier this year, the New Jersey Legislature was given two proposals, calling for expansion of casino gambling outside Atlantic City. A hearing on the Senate-sponsored bill took place on 21 december. If approved, the proposed legislation would require the 2 new casinos to be handled by the current nj-new jersey gambling operator. By comparison, the bill that is assembly-sponsored require just one of the two gambling enterprises become owned by an Atlantic City casino business.
Commenting in the two proposals, Assembly Speaker Vincent Prieto said that both houses regarding the Legislature have not agreed upon what type of the two would be placed before voters during the November 2016 referendum. Mr. Prieto also pointed out that the Assembly-sponsored bill has maybe not been changed since a week ago, whenever an amended version had been presented.
You should note that both bills demand tax revenue through the two brand new casinos become sent to Atlantic City in a bid to improve its struggling economy and compensate for future years competition that is in-state. Nonetheless, the two proposals vary on how much exactly the city would get and exactly how much would be added to other statewide reasons. (more…)