New Jersey Gov. Chris Christie has vetoed a bill that would have made his state the first in the nation to legalize Internet gambling.
Recession-pummeled construction workers expect to see a year and a half of steady work on the casino project, while residents hope they’ll be able to land one of the estimated 5,500 permanent jobs the casino and hotel will create.
Additional layoffs to other inspectors at Casino Control Commission are likely in coming weeks.
Finishing Revel has long been seen as the single biggest move the nation’s second-largest gambling market could do to fight back against regional casinos popping up all around them.
New Jersey Gov. Chris Christie says construction will resume next week on Atlantic City’s half-finished Revel casino.
The Spectrum Gaming Group report predicts Atlantic City’s casino revenue will fall more than 13 percent this year, while casinos in Pennsylvania, New York, Delaware and Maryland will increase their revenue.
The state Casino Control Commission on Wednesday removed Chee from a list of people barred from the casinos because of organized crime ties.
Mayor Langford said he did not get all he wanted from the state in terms of concessions, and still held out the possibility of suing to block the plan.
Lawmakers passed key aspects of an Atlantic City rescue plan proposed last summer by the governor to help the struggling resort deal with withering competition from casinos in neighboring states.
Figures to be released Monday afternoon by the state Casino Control Commission are expected to show the nation’s second-largest gambling market has lost nearly a third of its business since the end of 2006.
A report to Gov. Christie on the future of gaming recommended the state get out of the horse racing business. A $30 million subsidy to fatten racing purses was recently allowed to lapse.
Moody’s Investors Service said in a report that the proposed changes could send money “in one pocket, out the other.”
There was a roll of the dice up in the Catskills on Monday night as the State of New York tried to fashion a new casino deal for the blighted region. Many are betting on it.
The Catskills used to be a prime vacation spot for New Yorkers, just 90 miles north of the City, but all of the major resort hotels have been torn down.
The New York inspector general says top state legislative leaders and the governor’s office angled for campaign contributions and political advantage.