{"id":273,"date":"2016-03-15T09:08:45","date_gmt":"2016-03-15T13:08:45","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/gaminglaw\/?p=273"},"modified":"2016-03-15T09:08:45","modified_gmt":"2016-03-15T13:08:45","slug":"future-of-north-jersey-casinos-now-in-voters-hands","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/gaminglaw\/2016\/03\/15\/future-of-north-jersey-casinos-now-in-voters-hands\/","title":{"rendered":"Future of North Jersey Casinos Now In Voters\u2019 Hands"},"content":{"rendered":"<p>On Monday, three-fifths of each house of the New Jersey legislature passed resolutions that will put a question on the ballot in November asking voters if they want to expand casino gaming outside of Atlantic City.\u00a0 As we previously posted <a href=\"http:\/\/blogs.duanemorris.com\/gaminglaw\/2016\/01\/11\/new-jersey-senate-and-assembly-reach-compromise-on-north-jersey-casino-expansion\/\"><u>here<\/u><\/a> and <a href=\"http:\/\/blogs.duanemorris.com\/gaminglaw\/2015\/12\/15\/new-jersey-assembly-offers-its-version-of-north-jersey-casino-expansion\/\"><u>here<\/u><\/a>, the North Jersey casino proposal will allow for two casinos to be located at least 72 miles from Atlantic City, in separate counties.\u00a0 The minimum investment required for a North Jersey casino will be $1 billion.\u00a0 Current Atlantic City casino owners will be given an exclusive period of 60 days to submit bids for the two North Jersey casino licenses before bidding is opened up broadly.\u00a0 Current owners of Atlantic City casinos may partner with other investors\/developers to submit a bid for a North Jersey casino license.<\/p>\n<p>If New Jersey voters pass the referendum in November, the legislature will then need to adopt enabling legislation.\u00a0 This legislation will provide the details for the bidding process and the tax rate for North Jersey casinos.\u00a0 Atlantic City casinos currently pay an effective tax rate of 9.25% on gross gaming revenue.\u00a0 North Jersey casinos likely will be required to pay a significantly higher rate, perhaps in excess of 50%.<\/p>\n<p>We will provide updates as developments occur.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, three-fifths of each house of the New Jersey legislature passed resolutions that will put a question on the ballot in November asking voters if they want to expand casino gaming outside of Atlantic City.\u00a0 As we previously posted here and here, the North Jersey casino proposal will allow for two casinos to be &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/gaminglaw\/2016\/03\/15\/future-of-north-jersey-casinos-now-in-voters-hands\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Future of North Jersey Casinos Now In Voters\u2019 Hands&#8221;<\/span><\/a><\/p>\n","protected":false},"author":82,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[126,89,65,114,47,179],"ppma_author":[272],"class_list":["post-273","post","type-post","status-publish","format-standard","hentry","category-general","tag-adam-berger","tag-atlantic-city","tag-casino","tag-casino-expansion","tag-gambling","tag-north-jersey-casinos"],"authors":[{"term_id":272,"user_id":82,"is_guest":0,"slug":"aberger","display_name":"Adam Berger","avatar_url":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-content\/uploads\/sites\/20\/2021\/04\/bergeradam-1-100x100.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/posts\/273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/users\/82"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/comments?post=273"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/posts\/273\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/media?parent=273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/categories?post=273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/tags?post=273"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/ppma_author?post=273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}