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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How the battle for north Jersey casinos is being hampered by 2017 gubernatorial race

TRENTON — New Jersey’s top legislators agree on at least this much: Opening casinos in the northern part of the state is crucial. It’s needed, they say, for the Garden State’s gaming industry to survive against ever-increasing competition from gambling halls in neighboring states. And it would provide money to revitalize and reimagine financially ailing Atlantic… Read the rest of this entry »

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