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The Meadowlands Sports Complex has long drawn fans from New York, and a casino is hoped by some lawmakers here could perform some same. (Image: Wikimedia Commons)
Since brand New Jersey first legalized casino gambling in 1976, it is often grasped that casinos were only meant for Atlantic City into the Garden State. That made sense, at least during the time: the resort city had fallen out of favor with tourists, and gambling was seen as a solution to bring money back to the local economy. However with increasing competition from Pennsylvania while the specter of New York casinos regarding the horizon, some in hawaii now want to construct a casino in a location that could directly contend with venues in neighboring states.
The theory of placing a casino into the Meadowlands located simply outside of the latest York City was floated week that is again last the East Coast Gaming Congress in Atlantic City, attracting support along with 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,’ stated Assemblyman Ralph Caputo, a Democrat. ‘we have become fighting for those customers. That’s what Pennsylvania is doing. That’s exactly what nyc wants to do.’
Beating New York to the marketplace
Caputo’s idea is get a casino built into the Meadowlands before one is created in New York City. The first few licenses are only available in upstat (more…)