The Meadowlands Sports Complex has long drawn fans from New York, and a casino is hoped by some lawmakers here could do the same. (Image: Wikimedia Commons)
Since New Jersey first legalized casino gambling in 1976, it was understood that casinos were only meant for Atlantic City in the Garden State. That made sense, at least at the time: the resort town had dropped out of favor with tourists, and gambling was regarded as a method to bring money back into the economy that is local. But with increasing competition from Pennsylvania and the specter of New York casinos regarding the horizon, some in the state now want to construct a casino in a location that could directly compete with venues in neighboring states.
The idea of placing a casino within the Meadowlands located just outside of the latest York City was floated week that is again last the East Coast Gaming Congress in Atlantic City, attracting support in addition to 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,’ said Assemblyman Ralph Caputo, a Democrat. ‘We’ve got to be fighting for those clients. That is just what Pennsylvania is doing. That’s what New York wants to accomplish.’
Beating New York to the Market
Caputo’s idea is always to get a casino built within the Meadowlands before one is created in New York City. The first few licenses are only available i Continue Reading