Hearing on New Jersey Casino Expansion to Be Held on January 7
A fresh Jersey Assembly committee will hold a public hearing on one of many two proposed bills for casino expansion outside Atlantic City on January 7. The hearing shall occur in Trenton and attendees will talk about whether starting two gambling enterprises in North Jersey is good for their state.
Early in the day this the New Jersey Legislature was presented with two proposals, calling for expansion of casino gambling outside Atlantic City year. A hearing on the Senate-sponsored bill occurred on December 21. If authorized, the proposed legislation would require the 2 brand new gambling enterprises become managed by the New Jersey gambling that is existing operator. In comparison, the bill that is assembly-sponsored require only one regarding the two gambling enterprises become owned by the Atlantic City casino business.
Commenting on the two proposals, Assembly Speaker Vincent Prieto said that both houses for the Legislature never have decided on what type of the two would be put before voters at the November 2016 referendum. Mr. Prieto also remarked that the bill that is assembly-sponsored maybe not been changed since the other day, when an amended variation was presented.
It is vital to note that both bills necessitate income tax revenue through the two brand new gambling enterprises become sent to Atlantic City in a bid to boost its struggling economy and compensate for the future in-state competition. But, the two proposals vary on how much exactly the town would receive and how much could be contributed to various other causes that are statewide. Continue reading