The Governor of New Jersey has given the approval for two new casinos. Both will
be located in Atlantic City. The casinos will be smaller and considered more of
a boutique style for casinos.
The approval came Wednesday from Governor Chris Christie. The new legislation is
for a new program allowing for a 200 guest room hotel minimum at the casinos.
Currently the law asks for 500 minimum hotel guest rooms. With the new law, only
one of the new casinos may stay at 200 guest rooms. The other will have five
years to increase their guest room count to 500. The new casinos must also be
new construction. Renovations to an existing casino is not allowed.
Due to the down economy and increased competition from other states, the new law
will help to ensure revenue growth for New Jersey. Currently the state is the
second largest gambling market.
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