view counter
 
view counter
 
 

Proposal To Install 5,000 VLTs At The 'Big M'

Published: April 19, 2010 12:52 pm ET

Last Comment: April 19, 2010 5:24 pm ET | 1 Comment(s) | Jump to Comments

It has been reported that a group headed by former Harrah’s Atlantic City chief executive David Hanlon has proposed a $600 million deal to the State of New Jersey which would see the group obtain the right to install 5,000 video lottery terminals in the Meadowlands Racetrack and take over operations of the racetrack.

According to an article on northjersey.com, as part of the proposal, the Hanlon-led group dubbed 'Global Enterprises Meadowlands' is hoping to at some point erect a 300,000-square-foot VLT facility adjacent to the raceway which would become the long-term home for the gaming machines. The proposal also reportedly indicates that the group also wants to obtain an option to build seven more off-track betting locations in the state.

Reportedly, a hotel and a 6,000-space parking garage are listed as options in the proposal.

The article cites Jon. F. Hanson, who is overseeing racetrack and casino issues for Governor Chris Christie, as saying that the proposal is currently being reviewed so a recommendation can be made to the governor.

Any move to get VLT gaming at the Meadowlands Racetrack will face stern opposition from individuals representing the interests of Atlantic City casino owners, which have taken since the expansion of gaming in neighboring states. Also, residents of the state may be allowed to voice their feelings on the issue, as it may be a possibility that a referendum will take place this coming November regarding expanded gaming in the state.

Citing 'conservative estimates,' the proposal reportedly states that such a move to expand gaming at the Meadowlands would translate to an infusion of $350 million per year to the state from VLT, income and sales taxes.

(With files from northjersey.com)

April 19, 2010 - 5:24 pmYou still need to get past a

Allan Schott SAID...

You still need to get past a Senate President who has said he would not post a bill for a vote. I am still not hopeful.


view counter
 
 
 

© 2020 Standardbred Canada. All rights reserved. Use of this site signifies your agreement and compliance with the legal disclaimer and privacy policy.

Firefox 3 Best with IE 7 Built with Drupal