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

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

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 discuss whether starting two gambling enterprises in North Jersey could be good for their state.

Earlier this 12 months, the newest Jersey Legislature ended up being presented with two proposals, calling for expansion of casino gambling outside Atlantic City. A hearing in the Senate-sponsored bill took place on December 21. If authorized, the proposed legislation would require the 2 new gambling enterprises become handled by the New Jersey gambling that is existing operator. By contrast, the Assembly-sponsored bill would need only 1 associated with two casinos become owned by an Atlantic City casino business.

Commenting regarding the two proposals, Assembly Speaker Vincent Prieto said that both houses associated with Legislature haven’t agreed upon what type of the two would be put before voters at the November 2016 referendum. Mr. Prieto also noticed that the Assembly-sponsored bill has perhaps not been changed since the other day, when an amended version had been presented.

It is vital to keep in mind that both bills necessitate taxation revenue from the two brand new casinos to be provided for Atlantic City in a bid to improve its struggling economy and compensate for future years competition that is in-state.