North New Jersey Casino Expansion Straight Back on States Agenda

North New Jersey Casino Expansion Straight Back on State’s Agenda

North New Jersey casino expansion: State Senate President Steve Sweeney wants residents to vote in the problem in 2016 november.

North nj wants to provide Atlantic City a run for the money. And brand 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 the referendum on whether two new gambling enterprises should be built in the part that is north of state, over the water from New York City, breaking AC’s longstanding monopoly.

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

The question of North Jersey casino expansion has been muted before. Atlantic City has suffered from the legalization of casino gaming within abutting states, and increased competition ended up being a factor that is major four Atlantic City casino closures in 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 casinos that are first the emergence of the new markets will certainly damage the nj-new Jersey market.

Strategic Importance

But North Jersey’s proximity to Manhattan plus the New York greater metropolitan area makes it a strategically advantageous location for casinos, which Sweeney believes would lure droves of gamblers acr Read more

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Emergence

PricewaterhouseCoopers 2015 Outlook Missed Macau Meltdown and DFS Emergence

One of the ‘Big Four’ audit companies, the accuracy of PwC’s five-year Global Gaming Outlook published in 2011 is slowly coming to light.

PricewaterhouseCoopers’ (PwC) worldwide Gaming Outlook, published in 2011 forecasting the half-decade leading for this, hit the nail in the head regarding much of the gambling industry’s economics, nevertheless the company missed the mark on two key issues.

PwC got a lot right in its five-year perspective on gambling, but failed on exactly what has emerged since the two most predominant issues in worldwide gambling news: Macau’s economic issues and fantasy that is daily (DFS).

To its credit, PwC rightly foresaw online gambling in the us, saying states would legalize Internet casinos separately before Congress would intervene.

That was a bold projection in 2011, thinking about the Department of Justice and FBI had just lately seized the assets of PokerStars and Full Tilt Poker, but nevertheless a forecast that arrived real.

PwC also correctly hypothesized Internet gaming could be used to complement casinos that are land-based a prophecy that came to pass through as Nevada, nj, and Delaware all require online operators to work in tandem with brick-and-mortar casinos or race tracks.

The audit and assurance, tax advisory, consulting, legal, and actuarial company disclosed that the international Gaming report had not been intended to offer appropriate or investment adv Read more