
North nj-new Jersey casino expansion: State Senate President Steve Sweeney wants residents to vote on the problem in 2016 november.
North nj-new jersey wants to provide 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 brand new gambling enterprises should be built in the north area of the state, across the water from brand New York City, breaking AC’s longstanding monopoly.
The bill proposes that the vote that is state-wide the issue simply take place 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 ended up being a major factor in 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 actually both opted to license their first casinos and the emergence of those new areas will definitely 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 beneficial 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 right time for the voters to decide. Expanding gambling to North Jersey is the best method to revitalize a market that is essential towards the state’s economy to ensure that we can compete with neighboring states, generate the revenue needed seriously to revive Atlantic City and contribute to economic growth.’
The bill would make sure that no new casinos could be built within 75 miles of Atlantic City and that casinos within the north would pay a much higher tax on their gaming profits compared to eight per cent presently paid by Atlantic City casinos.
High Taxes
Tricky Rock International therefore the Meadowlands Racetrack, which want to build a casino in East Rutherford, home to this New York Giants and New York Jets, have wanted to pay because much as 55 percent in taxes.
Forty-nine percent of this income tax revenue would then visit Atlantic City to pay for the inevitable loss of business, while another 49 percent would visit counties and municipalities, and the remaining two percent would gain 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 local economy, driving jobs and investment out of our region,’ stated mayor that is former Whelan on Twitter this week.
Present financial reports suggest that AC is bouncing back and that the city’s casino profits 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 of the casino that is recent, which may have boosted revenues for those that remain. Moody’s said it expected further closures in the approaching year.
Sheldon Adelson Confirmed as Brand New Las Vegas Review-Journal Owner
Who is The Boss? evidently, it’s now Sheldon Adelson, who has assumed control of the nevada Review-Journal, Nevada’s biggest newsprint. (Image: politico.com)
Sheldon Adelson has been unmasked due to the fact new owner associated with the Las Vegas Review-Journal, having been exposed by the very newspaper he had anonymously purchased a week earlier.
As reported right here earlier this week, LVRJ staff were puzzled and a little dismayed to understand last Thursday that the newspaper had been sold up to a mystery owner for $140 million.
All they certainly were told had been that the newly incorporated business, News + Media Capital Group, was now during the helm and they should ask no more concerns.
‘They want you to focus on your jobs … don’t be worried about who they’re,’ was the pep talk provided by one Michael Schroeder, a News + Media Capital Group manager at the very first staff meeting beneath the brand new ownership.
And while Schroeder assured staff that their editorial independency would never be compromised by their new mystery owner, a page that is front on the sale that evening was redacted at Schroeder’s demand to get rid of sources towards the proprietor’s anonymity.
Requires Transparency
It was not just LVRJ’s people who had been alarmed, as other journalists began calling for transparency too, and the whole story spread as speculation grew. The sale of a newspaper to an owner or organization that refuses to be identified is unprecedented in media history as Esther Thorson, research director for the Reynolds Journalism Institute at the Missouri School of Journalism, told the Los Angeles Times.
Furthermore, the premium price compensated by the buyer suggested these people were interested in buying clout that is political 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 media socket in the early-voting move state of Nevada suggested to many 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 ultimately revealed that Patrick Dumont, Adelson’s son-in-law and vice that is senior of finance and strategy at Las Vegas Sands Corporation, had brokered the deal between News + Media Capital Group and its particular previous owner, brand New Media Investment Group.
‘He [Dumont] handles all the investments for your family,’ claimed A lvrj supply.
For all the LVRJ staff knew, they could have been risking their jobs by printing the whole story, but that doesn’t be seemingly the scenario. Instead, the Adelson family produced announcement that is formal of ownership of the paper just hours after the tale broke.
Meanwhile, whatever Adelson’s certain reason for getting their arms regarding the LVRJ, be it business or politics, their position at the helm might well sit uneasily with most journalists. Adelson currently has newspapers in Israel, but he is also had a tendency to sue journalists, independently, for libel within the past.
One journalist that is such current LVRJ columnist John L. Smith, whoever 8-year-old daughter had been suffering from brain cancer tumors at that time of the litigation. His daughter ultimately survived, but Smith had been pushed into bankruptcy.
Adelson eventually consented to dismiss the instance with prejudice, after Smith’s lawyer effectively argued that the case had been not about defamation, but about Adelson making an exemplory case of those who crossed him.
The suit was at reaction to a probing book that included information Adelson had considered defamatory, in the place of anything Smith had written at the Review-Journal. It will likely be interesting to see how that relationship unfolds with this particular saga that is new.
RAWA Dead within the Water for 2015
Representative Jason Chaffetz, whom introduced RAWA towards the House and floundered during a recent hearing that is congressional online gaming. (Image: nbcnews.com)
The Restoration of America’s Wire Act (RAWA) has failed to attach itself to an omnibus investing bill that would have seen it sail through Congress.
The bill proposes a ban that is federal all kinds of online gambling with the exception of horseracing and fantasy activities.
RAWA supporters had anticipated that they could tag the bill onto the must-pass Consolidated Appropriations Act, 2016, a monstrous 2007-page bit of legislation that largely describes federal fiscal outlays between now and the end of 2016.
In a way, they hoped, RAWA would be passed into law with only a small amount fuss as possible, much like the Unlawful Internet Gambling Enforcement Act was slipped onto the end of legislation designed to manage port protection a decade ago.
It had been the tactic that is same in fact, used in 2014, when RAWA also missed the omnibus. Fortunately for America’s online gambling industry, it may have to wait a long time for the next one to come along. Twelve months, become precise.
And since RAWA in its present type is very unlikely to be accepted by both chambers, sneaking onto that bus without a ticket perhaps remains its most useful choice.
RAWA Flounders
The legislation is unpopular with many lawmakers since the Sheldon Adelson-backed bill smacks of corporate cronyism.
Meanwhile, lots of the Republican mega-donor’s natural allies into the GOP decry it as an unconstitutional breach of the 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 recent initiative to drum up support to push RAWA within the line failed when Missouri Attorney General Chris Koster and South Carolina Attorney General Alan Wilson exhorted fellow attorneys general to countersign a letter cooking RAWA.
Just eight AG’s were prepared 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 had been heavily criticized by Nevada Governor Brian Sandoval for his actions, and many felt he had betrayed the Silver State, which opted to legalize and regulate poker that is online belated 2013.
Adelson Re-raise
Representative Jason Chaffetz (R-Utah), who introduced RAWA to the House early on into the 12 months, fared no better at a recent house hearing associated with legislation, which he himself chaired, because of the somewhat charged title: ‘A Casino in Every Smartphone: Law Enforcement Implications.’
Chaffetz had presumably hoped it is sufficient to trot every cliché that is tired of the anti-online gambling movement, with lazy recommendations to terrorism, money-laundering and child corruption, except that it didn’t quite exercise that way, therefore 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 Review-Journal may provide him extra clout in his bid to achieve political capital and shape viewpoints on online gambling in the gaming money of America.