North Nj-new Jersey Casino Expansion Straight Back on State’s Agenda

North Nj-new Jersey Casino Expansion Straight Back on State’s Agenda

North New Jersey casino expansion: State Senate President Steve Sweeney wants residents to vote on the issue in November 2016.

North nj-new jersey wants to offer Atlantic City a run for the money. And New Jerseyans may yet get the right to vote for casino expansion beyond the Boardwalk.

State Senate President Steve Sweeney has reintroduced legislation calling for a referendum on whether two new gambling enterprises should be built in the north part of the state, over the water from brand New York City, breaking AC’s longstanding monopoly.

The bill proposes that a vote that is state-wide the issue take destination in November 2016.

Issue of North Jersey casino expansion has been muted before. Atlantic City has experienced from the legalization of casino gaming within abutting states, and increased competition had been a factor that is major four Atlantic City casino closures within the last two years.

Pennsylvania legalized casino gaming in 2007, and recently overtook its neighbor in gaming revenue. Meanwhile, New York State and Massachusetts have both opted to license their first casinos and the emergence of these new areas will certainly damage the nj-new Jersey market.

Strategic Importance

But North Jersey’s proximity to Manhattan while the New York greater metropolitan area makes it a strategically advantageous location for casinos, which Sweeney believes would lure droves of gamblers across the Hudson.

‘The question of gaming outside of Atlantic City has long been debated,’ Sweeney said. ‘ Now is the time for the voters to decide. Expanding gambling to North Jersey is the best way to revitalize a market that is important to your state’s economy to make certain that we can compete with neighboring states, generate the revenue needed to revive Atlantic City and contribute to economic growth.’

The bill would guarantee that no new casinos could be built within 75 miles of Atlantic City and that casinos into the north would pay a much higher tax on their gaming profits than the eight percent presently compensated by Atlantic City casinos.

High Taxes

Rough Rock Overseas and also the Meadowlands Racetrack, which want to build a casino in East Rutherford, house to this New York Giants and New York Jets, have offered to pay because much as 55 percent in taxes.

Forty-nine percent of the tax revenue would then visit Atlantic City to pay for the inevitable loss of business, while another 49 percent would go to counties and municipalities, therefore the remaining two percent would gain nj-new Jersey’s horse rushing industry.

Opinions remain deeply divided in the issue, particularly with Atlantic City itself.

‘North Jersey gambling enterprises would be disastrous for our neighborhood economy, driving jobs and investment away from our area,’ said mayor that is former Whelan on Twitter this week.

Current financial reports recommend that AC is bouncing back and that the town’s casino earnings were up 55.9 per cent in Q3 this present year. However, Moody’s Investment Analysts warned that this ended up being much more likely a reflection regarding the casino that is recent, which may have boosted revenues for those that stay. Moody’s said it expected further closures in the year that is coming.

Sheldon Adelson Confirmed as New Las Vegas Review-Journal Owner

Who’s The Boss? evidently, it is now Sheldon Adelson, who has assumed control for the vegas Review-Journal, Nevada’s newspaper that is largest. (Image: politico.com)

Sheldon Adelson has been unmasked because the new owner of this Las Vegas Review-Journal, having been exposed by the newspaper that is very had anonymously purchased a week earlier.

As reported right here earlier in the day this week, LVRJ staff were puzzled and a little dismayed to learn last Thursday that the newspaper had been sold to a mystery owner for $140 million.

All they certainly were told was that a newly incorporated company, News + Media Capital Group, was now at the helm and they should ask no further questions.

‘They want you to definitely focus on your jobs … don’t concern yourself with whom they truly are,’ was the pep talk provided by one Michael Schroeder, a News + Media Capital Group manager during the very first staff conference under the ownership that is new.

And while Schroeder assured staff that their editorial freedom would not be compromised by their new mystery owner, a page that is front on the sale that evening was redacted at Schroeder’s request to remove sources to the proprietor’s anonymity.

Calls for Transparency

It wasn’t just LVRJ’s people who were alarmed, as other journalists began calling for transparency too, and the whole story spread as speculation expanded. As Esther Thorson, research director for the Reynolds Journalism Institute during the Missouri School of Journalism, told the Los Angeles circumstances, the sale of a newspaper to an owner or organization that refuses to be identified is unprecedented in media history.

Also, the premium price compensated by the buyer recommended these were enthusiastic about buying political clout, rather than considered financial investment, which made all of it the more important that their identity and affiliations be disclosed.

The fact that LVRJ is the dominant news socket in the swing that is early-voting of Nevada suggested to numerous that the buyer might be a rich conservative, and Adelson’s name began to be cited by speculative commentators.

Public Statement

Meanwhile, up against a conundrum, RJ staff did what journalists that are good: they began digging for answers. Or as Schroeder had put it, they ‘focused on their jobs.’

Sources eventually revealed that Patrick Dumont, Adelson’s son-in-law and senior vice president of finance and strategy at Las Vegas Sands Corporation, had brokered the deal between News + Media Capital Group as well as its previous owner, New Media Investment Group.

‘He [Dumont] handles all the investments for your family,’ claimed a source that is lvrj.

For all of the LVRJ staff knew, they are able to have been risking their jobs by printing the whole tale, but that doesn’t look like the way it is. Instead, the Adelson family produced announcement that is formal of ownership of the magazine just hours after the story broke.

Meanwhile, whatever Adelson’s particular explanation for getting their hands on the LVRJ, be it business or politics, their position at the helm may well sit uneasily with most journalists. Adelson currently has newspapers in Israel, but he’s also had a tendency to individually sue journalists, for libel in the past.

One such journalist was current LVRJ columnist John L. Smith, whoever 8-year-old daughter ended up being enduring from mind cancer tumors during the time of the litigation. His daughter ultimately survived, but Smith had been pushed into bankruptcy.

Adelson eventually agreed to dismiss the situation with prejudice, after Smith’s lawyer effectively argued that the case had been not about defamation, but about Adelson making an example of those who crossed him.

The suit was at reaction to a probing book that included information Adelson had considered defamatory, instead of any such thing Smith had written at the Review-Journal. It are interesting to see how that relationship unfolds using this new saga.

RAWA Dead into the Water for 2015

Representative Jason Chaffetz, whom introduced RAWA towards the House and floundered during a recently available congressional hearing on online gaming. (Image: nbcnews.com)

The Restoration of America’s Wire Act (RAWA) has failed to connect itself to an omnibus investing bill that would have seen it sail through Congress.

The bill proposes a ban that is federal all forms of online gambling with the exception of horseracing and fantasy recreations.

RAWA supporters had anticipated that they could tag the bill onto the must-pass Consolidated Appropriations Act, 2016, a monstrous 2007-page little bit of legislation that largely describes federal fiscal outlays between now as well as the end of 2016.

In a way, they hoped, RAWA would be passed into legislation with only a small amount fuss as possible, much such as the Unlawful Web Gambling Enforcement Act was slipped on the end of legislation created to manage slot protection a decade ago.

It had been the tactic that is same in reality, used in 2014, when RAWA also missed the omnibus. Fortunately for America’s online gambling industry, it may have to wait a time that is long the next one to arrive. A year, to be precise.

And since RAWA in its present type is very unlikely to be accepted by both chambers, sneaking onto that bus with out a solution perhaps remains its most useful option.

RAWA Flounders

The legislation is unpopular with many lawmakers since the Sheldon Adelson-backed bill smacks of corporate cronyism.

Meanwhile, most of the Republican mega-donor’s normal allies in the GOP decry it as a violation that is unconstitutional of Tenth Amendment that seeks to stymie states’ rights, while Democrats who might normally disapprove of online gambling are loathe to attach themselves to a policy developed by Adelson.

A initiative that is recent drum up support to push RAWA throughout the line failed when Missouri Attorney General Chris Koster and Southern Carolina Attorney General Alan Wilson exhorted fellow attorneys general to countersign a letter cooking RAWA.

Just eight AG’s were willing to place their name to the initiative.

Controversially, one of those was Nevada AG Adam Laxalt, whose 2014 election campaign received funding from Adelson. Laxalt was greatly criticized by Nevada Governor Brian Sandoval for his actions, and numerous felt he had betrayed the Silver State, which opted to legalize and control poker that is online belated 2013.

Adelson Re-raise

Representative Jason Chaffetz (R-Utah), who introduced RAWA to the House in the beginning into the year, fared no better at A house hearing that is recent of legislation, which he himself chaired, with the somewhat charged title: ‘A Casino in Every Smartphone: Law Enforcement Implications.’

Chaffetz had presumably hoped it could be sufficient to trot every clich&eacute that is tired of the anti-online gambling movement, with lazy sources to terrorism, money-laundering and youngster corruption, except that it didn’t quite work out that way, and the arguments against regulation took a drubbing.

For RAWA, it seems, the chips are down.

Except Adelson has simply tossed in a massive reraise.

His purchase of the Las vegas, nevada Review-Journal may offer him extra clout in their bid to get political capital and shape viewpoints on online gambling in the video gaming money of America.

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