NEWS from the STANDARDBRED BREEDERS & OWNERS ASSOCIATION OF NEW JERSEY
MANALAPAN, NJ November 30, 2012 — The loss of New Jersey stallions to slots-enriched programs in other states is now a reality.
Perretti Farms in Cream Ridge, NJ has announced that it has moved two of the harness racing industrys premier stallions to Pennsylvania for the 2013 breeding season.
Muscles Yankee and Rocknroll Hanover will be relocated from Perrettis 1,000 acres of prime farmland in Upper Freehold Township across the state line to Newtown, PA to take advantage of the casino-enriched purses in Pennsylvania, especially the Pennsylvania Sire Stakes program.
The New Jersey Sire Stakes program, which for three decades was the model for other states and provinces, is now one of the weakest because of the paucity of purse money.
New Jersey is no longer competitive, putting more than 170,000 acres of equine farmland in jeopardy, said Standardbred Breeders & Owners Association President Tom Luchento. Without a healthy breeding program, the stallions and broodmares will move have moved — to adjoining states where they are flushed with the cash from casinos and racinos [racetracks with casino-style wagering].
Not only is the preservation of farmland at stake, but also more than 10,000 jobs currently filled by tax-paying residents who are ill-equipped to change careers and will end up on welfare rolls, Luchento added.
Trenton continues to focus on ways to improve Atlantic City and other businesses which provide fewer jobs, while the horseracing industry gets pushed aside, Luchento said. They have tried to Band-Aid the problem with a few short term solutions. Meanwhile, the wound continues to grow, and the decision by Perretti Farms is a pure product of that injury.
Trenton, NJ –This morning, Governor Christie announced that he is rescinding an order that closed Atlantic City casinos in preparation for Hurricane Sandy, while also lifting the mandatory evacuation order for Atlantic City residents. The Governor was notified by Division of Gaming Enforcement Director David Rebuck that the order reinstating certificates of operation for the twelve casinos was signed within minutes of the Governor’s lifting of the mandatory evacuation order for the residents of Atlantic City, originally issued on October 27, 2012.
The order grants the casinos permission to recommence casino gaming and wagering activities on Friday, November 2, 2012 at 10:00 a.m. Division investigators and personnel have been assigned to each property to ensure compliance with internal control procedures and to complete a final authorization to commence operations.
“The Director has indicated that a complete review and assessment of the status and condition of each casino property, including the casino floors, its equipment, surveillance, security and gaming related computer systems have been completed,” said Governor Christie. “I have extreme confidence in Division of Gaming Enforcement staff as they begin the re-opening process of gaming operations in Atlantic City.”
“This has been an extremely difficult time for the City of Atlantic City and the State of New Jersey,” said Division Director Rebuck. “The cooperation of Governor Christie, state and local officials and the casino executives has been outstanding and we commend all those who have responded and worked with our staff throughout the events of Hurricane Sandy.”
“Maintaining the integrity of casino operations is paramount. We will continue ongoing dialogue with the properties to ensure a smooth and cohesive re-opening as quickly as possible,” said Rebuck
Chairman Ramos, and members of the Assembly Regulatory Oversight and Gaming Committee, thank you for inviting me to speak before you today on this
important topic. I am Oceanport Councilman Joseph Irace.
When the State of New Jersey voted to allow casino gambling in Atlantic City in 1976, it marked the dawn of an era wherein, for close to a decade and a half, New Jersey had a de facto monopoly on casino gambling on the East Coast. That era ended in 1992 with the advent of Foxwoods Resort Casino. In the years since then, we have seen a steady encroachment upon Atlantic City’s position as the premier East Coast destination for casino type gambling. New York, Connecticut, Delaware, West Virginia, Pennsylvania and Maryland now offer substantial gaming options to the general public. Indeed, as of April of 2012, Pennsylvania’s gaming industry was second only to that of Las Vegas. Quite clearly, the landscape has changed immeasurably since 1976 and New Jersey’s stranglehold on the East Coast gaming industry is no more. This isn’t an Atlantic City gaming industry problem, it is a New Jersey business development and retention problem.
Similarly, three decades ago, the State of New Jersey was a pre-eminent player in the horseracing industry. The Meadowlands, Freehold Raceway, Monmouth Park, Atlantic City Race Course and Garden State Park — the latter three called the “Golden Triangle” of New Jersey racing — all offered top notch, stakes level horse racing at quality venues. As we are all aware, the New Jersey horseracing industry has suffered setbacks over the past few decades and the root of these setbacks can be traced to the same source as that which has negatively impacted on Atlantic City. New York, Pennsylvania, Delaware and West Virginia have all committed to the Racino business model and this has placed the State of New Jersey’s horseracing industry at a decided disadvantage. Again, this isn’t a horseracing industry problem, it is a New Jersey business development and retention problem.
For far too long now, New Jersey’s gaming industry and New Jersey’s horse racing industry circled each other warily as opponents. It is high time that they stop viewing each other as competitors and start viewing themselves as comrades at arms with a singular purpose: melding both industries in such a fashion that New Jersey once again becomes the East Coast’s premier gaming AND horse racing destination. Based on the revenues generated by Racinos in the surrounding states and across the nation, the question of whether or not these two industries can co-exist, and indeed THRIVE, is no longer arguable. Quite simply, if New Jersey’s gaming and horse-racing industries fail to embrace this new business model, both will perish and the State of New Jersey will be lesser for it.
Our elected officials and both industries need to stop thinking parochially and start thinking globally. The infrastructure, manpower and talent are already in place. We just need the desire and commitment to get this done, and get it done sooner rather than later. The State of New Jersey has waited long enough to get its act together. The states that have already embraced the Racino business model have demonstrated that what is good for the horseracing industry is good for the gaming industry and vice versa. More importantly, what’s good for those industries is also good for all of New Jersey.
I implore our legislators to make every effort to convince these two parties that it is imperative that they stop competing with each other and start complementing each other in order to re-capture the hearts, minds and loyalty of their consumers. If the gaming and horse racing industries fail to adapt to the new paradigm, neither will survive. And that won’t be a gaming or horse racing problem — that will be a tragedy for the State of New Jersey.
Oceanport Councilman Joe Irace sat down with William Richards, Director of New Media at The Hall Institute for Public Policy as part of the institute’s Hometown Solutions series.
William and Joe discuss Monmouth Park racetrack, Fort Monmouth, the challenges Oceanport has faced in recent years with uncertainty for both institutions, and what looks like a promising comeback for Monmouth Park.
Calls on taxpayers from Oceanport and neighboring communites to join the fight
“Atlantic City is now a FAILED business model”
Oceanport Councilman Joe Irace’s remarks at the borough’s reorganization meeting today:
2011 marked a year of challenges and changes to our Borough. Oceanport’s future well-being hinges upon two very important issues, the continued viability of Monmouth Park and the redevelopment of Fort Monmouth, neither of which is really within our control. If these two matters aren’t addressed properly, the consequences for Oceanport and our neighboring communities will be devastating..
The more immediate of the two issues is Monmouth Park. 2011 was a year in which uncertainty was the only certainty when it came to Monmouth Park. Was the State going to remain in control, lease or sell the park to private ownership? The decision was made to lease. Then came numerous changes, negotiations, finger-pointing, name calling and, ultimately, a muddled picture as to who is actually in charge. Just last week, the State decided to continue racing in 2012 under the control of the New Jersey Sports & Exposition Authority and rebid the lease in 2012 for the 2013 racing season. For 2012, the current agreement, as we understand it from reading about it in the newspapers, calls for 141 racing days at an average purse of $150,000 per day. To put that number in perspective, we were racing at $1,000,000 a day in 2010 and $400,000 a day in 2011. The projected daily purse of $150,000 is the lowest for any major track in the United States. In fact, at $150,000 a day in purse money, Monmouth Park, the most beautiful and historic racetrack this side of Saratoga, can no longer be considered a major track. 2012 also calls for no stakes races and, more notably, no Haskell. The long term ramifications of this are obvious. Is Trenton determined to undermine and eliminate racing in New Jersey? It sure seems that way.
Trenton’s stated position is that the State of New Jersey can no longer “subsidize” horse racing in New Jersey. And, you know what? I ABSOLUTELY agree with Trenton on that issue. Because the fact of the matter is that the horseracing industry doesn’t have to be subsidized. It just has to be allowed to compete on equal footing with horse racing in New York, Delaware, Pennsylvania and Maryland. But the big thinkers in Trenton have blinders on when it comes to the realities of horse racing and gambling in today’s world. With the stroke of a pen, our elected officials in Trenton could permit “racinos” in New Jersey, but instead of allowing our state’s horse racing industry to compete with the gaming, racing and casinos that have popped up in New York, Delaware, Pennsylvania and Maryland, our Trenton brain trust has chosen to invest $250,000,000 of taxpayer money in a stalled Atlantic City casino development.
The Atlantic City business model is outdated. New Jersey no longer has the monopoly on gambling that it had in the 1970s. Indeed, by any reasonable financial analysis, Atlantic City is now a FAILED business model. But our elected officials in Trenton refuse to acknowledge this fact and, instead, have chosen to pour $250,000,000 of taxpayer money into a venture — that private firms won’t touch — in return for a 20% interest in the business. What is 20% of nothing? We need our elected State officials to stop investing in THEIR past and start investing in OUR future.
Monmouth Park is the Borough of Oceanport’s largest tax ratable and one of the jewels of the Jersey Shore. Monmouth Park’s continued viability should be this governing body’s NUMBER ONE priority in the year 2012. Oceanport’s citizens and the citizens of ALL of the Jersey Shore communities should make their voices heard on this issue. We aren’t asking for a handout from the State! We just want New Jersey to be able to compete on equal footing with New York, Delaware, Pennsylvania and Maryland. We’ve got the infrastructure, we’ve got the people, we’ve got the horses. We just need the tools. The State of New Jersey needs to adopt the Racino business model NOW!
As far as the redevelopment of Fort Monmouth is concerned, this issue will present huge challenges as we head into 2012 and well beyond. Decisions made today will have an impact – one way or another — on Oceanport for the next 25 years and beyond. When we unsuccessfully battled for local control of the 419 acres that are located in Oceanport, we were concerned over what the State would do to our small, family oriented, residential community. Today, rumors abound that our 2nd largest employer, CommVault, which ranks only behind only the embattled Monmouth Park as a source of employment, has been lured to the Tinton Falls section of the Fort Monmouth site. It is believed that this move is premised upon large tax breaks and tax credits being given to CommVault by the people who are charged with the duty of redeveloping the fort while creating jobs. This isn’t job creation, however, it is job poaching. And the Borough of Oceanport loses a business to Tinton Falls under the guise of “job development” at the fort. How can this be a good idea?
I am cynical, at best, about the State of New Jersey’s ability to create jobs at the fort, especially in view of the State’s past record in this area. That is to say, the State of New Jersey doesn’t have a history of creating jobs— other than government jobs. Stated simply, government does not have the ability to create private sector jobs and the historic and profound lack of accountability at the State level is all the more reason why the Oceanport Municipal Council fought long and hard for local control over the fort’s redevelopment. Sadly, we lost that battle. Now it is this governing body’s duty — and the duty of all members who follow us —- to make sure that we don’t lose the war. We must remain vigilant and continue to demand that we have a voice in the redevelopment process, not just a seat at the table. We cannot stand idly by as the bureaucrats and politicians try to fit square pegs into round holes in the name of “job creation” The only thing worse than doing nothing about the redevelopment of the fort is doing something badly, and that’s where I am afraid we are heading. And this isn’t just an Oceanport issue any more. A bungled fort redevelopment will have a devastating financial and social impact on Monmouth Beach, Long Branch, Little Silver, Fair Haven, Rumson and Sea Bright, too. The citizens of those towns should be just as concerned as we are that the fort gets redeveloped properly and organically. If we expect to be heard, then we all have to involve ourselves in the process.
Bureaucrats and politicians have come to expect — and, indeed, thrive on — an apathetic electorate and they have no incentive to do the will of the taxpayer if they have no fear of the taxpayer’s wrath. We, as a governing body, have a duty to educate the people who elected us about what is actually happening at the fort and involve them in the process as much as possible. Those who elected us, however, have to be willing to stand up and be counted by attending and, more importantly, PARTICIPATING in meetings of the Fort Monmouth Economic Redevelopment Authority and the Oceanport Borough Council so that we can fight the good fight for our community.
In closing, we have a lot of work cut out for us. We must continue our fight to protect the Oceanport that we all know and love. All of us who live here and raise our families here know that we have a lot to lose, and we have only ourselves to blame if we let others dictate our destiny. You’ve got a governing body that has proven that it is willing to fight for our right to control our own destiny. None of us have any political aspirations beyond that of serving the people of Oceanport. Help us take the fight to the powers that be. Stand up for yourselves. Get vocal. Stay vocal. Get involved. Stay involved. We need you. We need each other. Let’s work together for a better Oceanport in 2012
Monmouth Park is in jeopardy of closing due to a dispute over the licensing of thoroughbred races at the Meadowlands, according to a report in The Star Ledger.
The New Jersey Thoroughbred Horsemen’s Associated successfully negotiated for the rights to the Meadowlands races on June 21. Now the investor slated to take over the Meadowlands track, Jeffrey Gural, wants the rights back because he didn’t realize he was giving up proceeds of off-track wagering on the races. Evidently, the Christie administration is siding with Gural and is refusing to issue the license to the horsemen.
The Meadowlands license impacts Monmouth Park because races licensed for the Meadowlands are frequently transferred to Monmouth.
As a result of the dispute, Morris Baily, the investor slated to take over Monmouth Park from the state, says he wants out of the deal, according to the Ledger.
The parties would have a lot more money to fight over, while keeping the tracks open, if slots were permitted at the racetracks, as they are in a growing number of tracks throughout the region.
Assemblyman Ronald Dancer has introduced two pieces of legislation that would permit slots at racetracks.
A-4294 directs the Division of Gaming Enforcement (DGE), in consultation with the New Jersey Racing Commission, to implement and oversee slot machine gambling operations at horse racing venues.
ACR-209 is a resolution proposing a constitutional amendment that gives the Legislature the authority to establish slot machine gambling at racetracks. If approved by voters, the specific restrictions and control of operations of slot machines, as well as the use of the State’s share of revenues derived from the machines, would be provided by law.
“Both proposals represent an incentive for the major stakeholders in this issue – the casino and horse racing industries – to come together and work out a fair and mutually beneficial agreement. Allowing slot machines at racetracks will generate revenues that will help both industries,” said Dancer. “One industry’s success does not have to be at the expense of the other. Permitting slot machines at racing venues will preserve and enhance both.
“One unique aspect of these bills is that the DGE will consult with the Racing Commission in overseeing the operation of slot machines, without the involvement of the New Jersey Lottery Commission which exists currently,” explained Dancer. “As a result, the proceeds from expanding slots at the racetracks would not be diluted to another commission, but distributed to the industries for which they are intended.
I am open to either approach in deciding this issue. We can allow the voters to determine if amending New Jersey’s Constitution is appropriate or work through the legislative process,” commented Dancer. “The casino and horse racing industries are important parts of our state’s economy. I am confident we can reach a reasonable solution as to how we can capitalize on the market potential slot machines at racetracks will produce.”
Dancer pointed out the benefits New Jersey’s horse racing industry provides to the state, including jobs, tax revenue and preserving open space. According to the Rutgers Equine Center, horse racing employs over 7,000 workers and contributes nearly $800 million to the state’s economy. Further, 34,000 acres of the state’s 176,000 farmland acres are attributable to the horse racing industry.
Unfortunately, Dancer’s legislation has little chance of becoming law, as Governor Chris Christie and Senate President Steve Sweeney are opposed to allowing slots in New Jersey anywhere outside of Atlantic City.
Atlantic City continues to suffer from competition in Delaware, Pennsylvania, New York and Connecticut.
The Christie Administration’s plans to prop up and clean up the city might make a difference, but will those efforts attract gamblers away from casinos closer to their homes?
What Atlantic City is an attractive celebrity spokesperson who can generate world wide publicity and carnival like curiosity.
The latest Atlantic City Rescue Plan by the State of New Jersey for all intents and purposes, ensures a slow and painful death by a thousand cuts to New Jersey’s horse racing industry all so that our elected officials in Trenton are both blinded and mesmerized by the bright shiny lights of Atlantic City. The political machine is fond of trumpeting the tired old canard that New Jersey’s racing industry is dying. They tell this big lie over and over again in the hope that by sheer repetition it will become the truth, all the while purposely ignoring the politically inconvenient fact that Atlantic City’s gambling industry is not dying, but is actually dead and has been so for quite some time.
This proposed plan ignores the most obvious socially and fiscally responsible solution: allowing for the installation of video lottery terminals, slot machines or a gaming casino at the Meadowlands.
Why does the State continue to ignore this solution? Because a great number of our unelected officials, entrenched bureaucrats and political power brokers in Trenton, rather than deal with the realities attendant to the success of the introduction of video lottery terminals or casinos at racetracks in Maryland, Delaware, Pennsylvania and New York, have decided that the State of New Jersey is going to get into the business of subsidizing the failed business model that is Atlantic City. Some of the most shrewd and brilliant businessmen in the world couldn’t sustain the Atlantic City business model, yet Trenton’s powers that be are supremely confident that they are up to the task, the rest of the State of New Jersey be damned. And, quite frankly, why shouldn’t they be confident what with the tremendous success they’ve had over the past two decades with the revitalization of Camden, Newark and Paterson, the Xanadu Project, the School Construction Corporation, Abbott Districts, pension funding, budget balancing and the recent Race to the Top Application?
As evidenced by the success of gaming sites in Connecticut, Delaware, New York and Pennsylvania, the residents of the tri-state area are more than willing to forego the bucolic vistas offered by a ride down the N.J. Turnpike and Garden State Parkway and the urban “charm” of Atlantic City in favor of more convenient gambling venues. Notwithstanding the fact that the two most interested parties, the horsemen and the general public, are clamoring for a casino at the Meadowlands facility, the State dismisses the idea out of hand in favor of a proposal that provides neither party with what it wants.
Two reports by Christiansen Capital Advisors, commissioned by the New Jersey Department of Treasury, recommended the installation of slot machines at the Meadowlands. The reports stated that 5,000 machines at the Meadowlands would produce $750 million annually and that 10,000 machines would produce $1.5 billion annually. The same study suggested that 2,100 slots at the Meadowlands would reduce Atlantic City gross gaming revenue by .01 percent.
Senator Sean Kean recently said on the New Jersey Senate floor “if it (a Racino at the Meadowlands) were put to a vote we’d probably get a majority, if not a super-majority (in support), to save horse racing in the state of New Jersey.” Despite the overwhelming financial benefits flowing from such an arrangement, Trenton summarily dismisses the installation of Video Lottery Terminals, slot machines or a gaming casino in the Meadowlands in what can only be interpreted as a yet another deferential bow to Atlantic City’s political power brokers.
Given the fact that over the past decade or so New York, Connecticut, Pennsylvania and Delaware have destroyed Atlantic City’s monopoly on East Coast gaming, one would think that our friends in Trenton would have enough sense to fight fire with fire and move quickly towards the racino business model. Unless, of course, maybe our Atlantic City-centric friends from Trenton don’t want to move quickly because if they wait long enough for the racing industry to finally die, then they won’t have to share profits with anybody. How much would you like to wager that, after years of categorically denying the financial benefits of allowing gambling outside of Atlantic City, our friends in Trenton will have a sudden about face on the issue once the horsemen have been forced from the Meadowlands?
Trenton refuses to acknowledge the viability of the racino model and, instead, continues to dump on our horse racing industry and the 7,000 jobs, $110 million in federal, state and local taxes, and 57,000 acres of working agricultural landscape which come along with it. Racinos around the country employ nearly 30,000 people. Bringing racinos to New Jersey will create thousands of new jobs. Additionally, it will solidify many jobs that may be in danger of leaving our state in favor of states that have already authorized racino legsilation. Racinos are a proven model that states around the country are turning to for gaming. Twelve states have already implemented racinos and many more are debating proposals to allow them in the near future. In 2009, racinos around the country generated $2.6 billion dollars in tax revenue for state and local governments. Additionally, they strengthen the state’s agricultural industry. Racinos allow existing racetracks to grow their purses, spurring new investments in breeding racehorse ownership throughout the state. Additional racehorses will create more jobs and improve the overall economic impact. As Delaware, Pennsylvania, New York and the nine other racino states can attest – racinos improve the rural economy. But the health and well being of our state’s rural economy does not seem to be of paramount importance to the movers and shakers in Trenton. Why should they spend a few million dollars to shore up and promote a proven, historically viable and stable commodity like horseracing, when instead they can throw HUNDREDS of millions of taxpayer money at a financial and social corpse like Atlantic City?
Racinos are a sure thing. Rushing with reckless financial abandon into the resurrection of Atlantic City is a sucker’s bet. Sure thing. Sucker’s bet. Sure thing. Suckers bet. Which one will our friends in Trenton take? If left to their own devices, I think we all know that our friends in Trenton will take the sucker’s bet every time. And since our friends in Trenton will be spending our tax dollars trying to raise the corpse that is Atlantic City and its gaming industry, we, the taxpayers, are the suckers. And we really are suckers if we let them do this without giving them a fight. I say that we bring the fight to them. Let’s do everything we can to get this matter to a vote of the New Jersey Legislature as soon as possible!
Legislation marks key step in Christie Administration’s comprehensive plan to renew regional economy
Trenton, NJ – Today, Governor Chris Christie signed into law sweeping legislation to enact his reform plans to revitalize the ailing gaming and tourism industries in Atlantic City, and set the region on a new course for economic growth, job creation and prosperity. Recognizing the significance and importance of Atlantic City’s regional economy to the state as a whole, Governor Christie put forward a comprehensive, bold reform plan in July aimed at turning around the deep and unprecedented challenges facing Atlantic City’s gaming and tourism industries.
The bills signed by Governor Christie today, S-11 and S-12, represent critical steps in following through on his commitment to the tens of thousands of New Jersey families whose livelihoods depend on the regional economy, and will set the stage for Atlantic City to once again be a world-class destination resort and an engine of job creation and economic growth. S-11 authorizes the creation of a tourism district within Atlantic City, with the charge of improving public safety, public health, marketing and infrastructure projects and improvements; S-12 provides for the reform and modernization of New Jersey’s casino regulatory structure.
“The challenges faced today by the Atlantic City tourism and gaming industries have been a long time in the making, and significant steps are needed to stop the decline and set a new course of economic growth, job creation and return Atlantic City to the ranks of the best destinations in the world. But, it can and must be done for the economic health of New Jersey as a whole,” said Governor Christie. “Since we announced our plan for reform just over six months ago, we have already taken steps to secure that future – to stabilize the City’s finances and create jobs through new business investment. Today, we are going much further to signal to businesses, to the public and to the people who call Atlantic City home that a new, brighter and more prosperous future is coming again.”
The signing took place at the site of the Revel casino resort, a 53-story, 6.3 million square foot, 3,800 room hotel and casino that, upon completion, will be the biggest such property in Atlantic City. Governor Christie also announced the approval of $260 million in tax-increment financing by the New Jersey Economic Development Authority that will support much needed infrastructure improvements in the South Inlet neighborhood adjacent to the Revel development and pave the way for completion of the $2.5 billion project and thousands of new jobs. The project estimates the creation of 5,500 permanent jobs, 2,600 construction jobs, 1,100 manufacturing jobs, 400 vendor/supplies jobs and 250 professional/consulting jobs. Along with job creation associated with ancillary utility and infrastructure improvement projects, total job creation for the Revel project is estimated at more than 10,000 jobs.
The New Jersey Economic Development Authority also today approved a new policy requiring as a condition of any tax increment financing package of $50 million or more, including the Revel financing approved today, that the state receive success reimbursement payments from the project commensurate with the extent of state financial participation.
S-11 implements several critical elements of Governor Christie’s revitalization plan for Atlantic City. The bill authorizes the Casino Reinvestment Development Authority (CRDA) to establish a tourism district within Atlantic City. Within the territorial limits of the tourism district, CRDA will be authorized to establish land use regulations, implement a tourism district master plan, promote public health and safety initiatives, advance commercial development, undertake redevelopment projects and institute infrastructure improvements. The bill also provides for the merger of the Atlantic City Convention and Visitors Authority into CRDA. CRDA will also enter into a public-private partnership with a not-for-profit consisting of a majority of New Jersey casino licensees, through which they will commit funds totaling $30 million annually for the development and implementation of a marketing program aimed at promoting Atlantic City. In October, the Casino Association of New Jersey announced the formation of such a non-profit and the commitment of the casino industry to contribute at least $30 million annually to promote Atlantic City and support the tourism district.
S-11 directs the Attorney General and Superintendent of State Police, in consultation with the Mayor of Atlantic City and municipal law enforcement officials, to develop a public safety plan for Atlantic City to be implemented by a District Commander appointed by the Superintendent. The plan will include the development of law enforcement best practices, the procurement and deployment of new technology and equipment, and the development and implementation of a coordinated law enforcement strategy to address public safety concerns both inside and outside of the tourism district.
S-12 reforms the state’s regulatory structure for casinos by modernizing, streamlining, and eliminating duplication in the regulatory statutes, many of which were authored more than 30 years ago. Under the bill, the Casino Control Commission (CCC) is assigned the lead role in initial casino licensing matters as well as in adjudicating regulatory disputes. The Division of Gaming Enforcement (DGE) is charged with focusing on the day-to-day regulation of all casino operations. These changes move away from the duplicative and overlapping investigative, oversight, and regulatory functions previously held by the two-bodies and creates a more well-defined system of regulatory authority by the entities.
In addition, S-12 accounts for the significant technological advancements that have taken place since the inception of the regulatory statue by eliminating the current requirement that the Casino Control Commission be continuously present, through inspectors and agents, at all times during the operation of a casino. The bill provides for registration as opposed to licensure of certain casino-related employees and removes certain periodic license renewal requirements. The bill would, however, add a requirement for designated information to be provided periodically by licensees to the CCC and DGE in order to verify ongoing compliance with all legal requirements.
Finally, the bill makes various other changes to state law to remove impediments to efficient and productive casino operations and provide additional flexibility in their operation.
On July 21st, Governor Christie welcomed and endorsed the recommendations of the New Jersey Gaming, Sports and Entertainment Advisory Commission chaired by Jon F. Hanson. The actions taken today fulfill many of the goals outlined in that report, and move forward Governor Christie’s commitment to ensuring the growth and success of Atlantic City’s economy, and the state’s gaming and tourism industries.
