The recent authorization of three new casino licenses in New York City is motivating New Jersey lawmakers to revive discussions on expanding gaming options in East Rutherford to compete effectively in the regional gaming landscape.
Officials from the New York State Gaming Commission have paved the way for three additional casinos—two in Queens and one in the Bronx. This licensing decision is considered a significant progress in a lengthy process that has spanned several years.
News 12 reported that the developments across the Hudson have reignited debates in New Jersey, where State Senator Joe Pennacchio is actively pushing for the introduction of slot machines at the Meadowlands Racetrack.
“New Jersey is still remaining inactive. Implementing racino operations in the Meadowlands could generate substantial revenue for our financially challenged state, something the taxpayers deserve to see explored,” Pennacchio stated.
The senator mentioned that his proposed initiative seeks to incorporate existing Atlantic City casino operators within any Meadowlands gambling ventures. He believes this model could bolster financial support for both the coastal casino hub and the state.
“This would alleviate one financial gap that the state would otherwise have to fill during annual budget cycles,” he remarked.
Per News 12, Grievances from Atlantic City operators have lingered for years regarding the potential fallout from new gambling establishments in the state. Pennacchio highlighted that neighboring states are already vying for patrons.
“Atlantic City fears being undermined by any other attempts within New Jersey. Meanwhile, surrounding states are competing for the same customer base as we speak,” he added.
Any expansion of gambling facilities at the Meadowlands would necessitate a constitutional amendment in New Jersey. This proposal must gain consent from both the Senate and General Assembly before being presented to voters state-wide.
Pennacchio’s proposition has circulated in various forms in recent years and is still undergoing legislative examination and public approval processes.
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