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Atlantic City casino district to fall under state government control
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The Reuters news agency reports that New Jersey governor Chris Christie is about to announce a state takeover of Atlantic City's casino district, removing local government functions such as police and refuse pickup.
News of the proposed take over of the beleaguered gambling mecca was leaked anonymously by a state government official.
The plan includes keeping revenue from a gaming tax within the city rather than paying it into state coffers; taking over the city's convention and visitors’ bureau, and seizing control of Boardwalk Hall, an entertainment venue.
Christie will also apparently announce plans to sell or close the battling Meadowlands Racetrack in northern New Jersey, to minimise the role of the authority that runs it, and to refinance a $2 billion entertainment and retail complex near the New Meadowlands stadium.
Reuters reports that the plans were drawn up by a commission created by Christie in response to plunging revenue in Atlantic City, which has been hit hard by competition from new casinos in neighbouring Pennsylvania, and the losses suffered by the horse racing industry at Meadowlands.
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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