Report Calls For New Jersey Casinos Outside Of Atlantic City To Save State's Gaming IndustryGarden State Could Hold Referendum In November On Issue |
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According to a report filed last week from Deutsche Bank, a couple of more casinos are likely to close in Atlantic City in the near future.
The report concluded that New Jersey should seriously consider casinos outside of the city, especially given budget concerns lawmakers are facing. But the report stressed that the casino situation in New Jersey is currently bleak thanks to ongoing brick-and-mortar casino construction in nearby states.
NJ.com reported that Deutsche Bank believes casinos in the northern part of New Jersey “could generate well over $500 million, putting [roughly] $275 million into the state’s coffers and thus is a smart move for the state.”
“In summation, it’s time for New Jersey to push forward with plans for a North Jersey casino or casinos,” the report from gaming analyst Andrew Zarnett said.
“And as such, we believe that the next step is a constitutional referendum this November providing approval for gaming outside of Atlantic City.”
A top lawmaker in the Garden State reportedly has indicated that there’s a strong possibility of a statewide vote to determine if casinos can be built outside of Atlantic City.
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