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Possible expansion of gaming in New Jersey

Discussion in 'Casino Industry & Development' started by hammie, Jul 6, 2014.

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  1. hammie

    hammie VIP Whale

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    Here is a link to a recent article that indicates the 5 year moratorium on the expansion of gaming may not last. NJ Senate President Sweeney may allow a referendum sooner.
    http://www.northjersey.com/news/sweeney-referendum-on-expanding-casino-gambling-possible-for-2015-ballot-1.1044822

    I wonder if the timing of this announcement has anything to do with the upcoming auction of Revel? Would this encourage CET to bid for Revel and pick it up for pennies on the dollar? Having a strong operator for Revel could push weaker players like Trump Plaza and Golden Nugget over the edge.
     
  2. That Don Guy

    That Don Guy Tourist

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    Could it also have something to do with the attempts to get around the recent Supreme Court decision not to hear the appeal of the sports book ban?

    There's a bill on Governor Christie's desk that would "decriminalize" sports gambling in AC casinos and statewide race tracks. The assumption is that the federal law bans "regulated" sports betting, but not if it's unregulated. (The law bans anybody from offering sports betting "in which professional or amateur athletes compete" if it is "pursuant to the law or compact of a governmental entity;" the question would be, "Is it 'pursuant to (state) law' if the law doesn't say that you can't do it, even if the law says that this applies only to certain people?")
     
  3. lotso-bear

    lotso-bear VIP Whale

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    I wonder who would operate the casino in the Meadowlands... not sure if this casino would do well but considering it would be the only one in N. Jersey, it might actually be profitable.
     
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