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'Wait And See' Approach In Jersey

Published: October 27, 2009 11:38 am ET

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According to an article by pressofatlanticcity.com, the candidates running for governor of New Jersey agree that they want to wait until Jon Corzine's commission on the state's horse racing industry conveys its recommendations before extending the current agreement on casinos subsidizing racetracks.

The casinos are in the second year of a three-year pact in which they funnel $90 million to state casinos. The pact is part of a deal in which the tracks would not actively look to try to get video lottery terminals, better know to most as slot machines, up and running.

"The critical issues for the Atlantic City casino industry would be racetrack slots and racetrack slots and racetrack slots," Joseph Weinert, senior vice president of the gaming consulting company Spectrum Gaming Group, was quoted as saying.

To read the pressofatlanticcity.com article in its entirety, click here.

(With files from pressofatlanticcity.com)


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