What does Moody’s think about north Jersey casinos and Atlantic City?

TRENTON — A Wall Street rating agency said Tuesday a plan to expand casino gambling to north Jersey would be “bad news” for Atlantic City and could cause more casinos to close in the Jersey Shore resort. The report by Moody’s Investor Services came on the same day a bill was formally introduced in the state… Read the rest of this entry »

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Compromise Reached on North Jersey Casino Gambling Measure

Governor Chris Christie, Senate President Steve Sweeney and Assembly Speaker Vincent Prieto announced this afternoon that a compromised had been reached over two competing proposals to amend the New Jersey Constitution to allow casino gambling in northern New Jersey.

The compromise requires that, should New Jersey voters approve the proposed Constitutional amendment in November, that the new licensees be required to invest at least $1 billion in constructing new casinos and to impose a timeline on the licensees to build the new casinos.

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Get Ready To See More Of These If Public Question #2, Ongoing Minimum Wage Hikes, Passes

And scenes like this will be memories:

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