Xanadu site Considered for Casino
N.J. lawmakers approve a study for possible casino in Bergen County
Thursday, December 12, 2013 Last updated: Friday December 13, 2013, 12:33 AM
BY MICHAEL PHILLIS
STATE HO– USE BUREAU
The Record
After an $88 million upgrade to The Meadowlands Racetrack designed to draw more and younger gamblers, some wonder whether New Jersey is leaving hundreds of millions of dollars in tax revenue behind because it doesn’t have casino gambling in Bergen County.
An Assembly committee released a bill Thursday to study a potential new casino in Bergen County, assess existing gambling regulations and make recommendations as soon as 2015.
The move signifies a push by the state to compete with New York and Pennsylvania, which have built casinos and pulled tax revenue from Atlantic City businesses. Building a casino in New Jersey outside of Atlantic City, however, would require a constitutional change, but some committee members argue that in recent years, public opinion has shifted in favor of the idea after a similar measure was passed in New York.
– See more at: https://www.northjersey.com/news/New_Jersey_eyes_panel_to_study_casino_at_Meadowlands.html#sthash.YPUfvLe3.dpuf