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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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