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Slots Considered at the Meadowlands

The video lottery terminals would generate between $100 million and $150 million (U.S.) for the state in the first fiscal year and probably more than $200 million in subsequent years, said state officials familiar with Codey’s budget who asked not to be identified, the Philadelphia Enquirer reports.

Some Atlantic City casinos have raised concerns about losing business to video slots in North Jersey, where many Atlantic City gamblers live.

Codey is scheduled to present his budget on Tuesday.

"Since we’re facing a $4 billion deficit, any chance to provide new revenue will be seriously considered," said Assemblywoman Linda Stender (D., Union), vice chairwoman of the Assembly Tourism and Gaming Committee.

Codey spokeswoman Kelley Heck acknowledged discussions about including video-slots revenue in the budget, but declined to elaborate.

While Codey has been a longtime supporter of horse racing, Atlantic City casinos have many friends in the Legislature. And other lawmakers might be hesitant to tangle with the casinos in an election year.

For some lawmakers, battle lines are being drawn between the state’s north and south.

Besides helping the state pay their bills and boosting horse-racing, the proposal would add a casino element to the $1.3 billion Xanadu entertainment and retail project to be built at the Meadowlands sports complex.

Read the entire article at: Harnesslink.com 

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