Since New Jersey first legalized casino gambling in 1976, it’s been grasped that casinos were only meant for Atlantic City in the Garden State. That made sense, at least at that time: the resort city had fallen out of favor with tourists, and gambling was regarded as a way to bring cash back to the regional economy. However with increasing competition from Pennsylvania and the specter of New York casinos regarding the horizon, some in their state now want to create a casino in a location that could directly compete with venues in neighboring states.

The concept of putting a casino into the Meadowlands located simply outside of New York City was floated again final week at the East Coast Gaming Congress in Atlantic City, attracting support also concern from those in attendance.

‘A casino in north Jersey, to be taxed at 50 or 60 %, we could do a billion dollars in that location,’ said Assemblyman Ralph Caputo, a Democrat. ‘we have become fighting for those clients. That is what Pennsylvania is doing. That’s exactly what ny wants to do.’

Beating New York to the Market

Caputo’s idea would be to get a casino built within the Meadowlands before one is made in ny City. The first few licenses are only available in upstate regions while the state of New Yor Читать далее →