Tuesday, May 20, 2014

Meadowlands casino pondered at Atlantic City forum

ATLANTIC CITY, N.J. (AP) - With Atlantic City's casino market struggling, the allure of a casino in the northern New Jersey Meadowlands just outside New York City is becoming stronger to some.

At a regional gambling conference Tuesday in Atlantic City, Assemblyman Ralph Caputo said a Meadowlands casino is the way to recapture gambling money the state is currently losing.

And an economics professor said the shrinking Atlantic City casino market needs to keep "right-sizing," the sooner the better.

Caputo says a higher tax rate, with revenue to be shared with Atlantic City, would help the resort.

But Sen. Jeff Van Drew says the state made a commitment to keep casinos only in Atlantic City to help the region.

Gov. Chris Christie says Atlantic City needs more time before he'll consider a Meadowlands casino.

Source: Philly.com

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