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Law aimed to help casinos keep competitive edge

newacshot_optTRENTON – Legislation Assemblymen John Burzichelli and Matt Milam sponsored to streamline casino laws and relieve Atlantic City’s resorts from unnecessary regulatory burdens was signed into law by Gov. Jon Corzine.

Burzichelli and Milam said the changes will help Atlantic City’s casinos weather the recession by allowing them to maintain their competitive edge as more gaming establishments open in neighboring states.

 

“The deepening national recession and the pall it is casting over Atlantic City made it all the more important we gave casino management the tools they need to run their businesses more efficiently,” said Burzichelli (D-Gloucester). “Time the casinos lose due to bureaucratic red tape is time they won’t get back to ensure their businesses remain healthy and that jobs remain filled.”

“Atlantic City is facing a double-whammy of recession and increased competition,” said Milam. “Lifting some of the weight layers of regulation placed on the shoulders of Atlantic City can help casinos not only survive in this economy but emerge in a stronger position.”

Some of the reforms codify in state law practices that the casinos and state had already undertaken. Others were the product of discussions between the casinos, the state Casino Control Commission and the Division of Gaming Enforcement – a part of the Attorney General’s Office.

The new law aims to help casinos and state regulators coordinate on background checks for potential casino employees and licensees, make it easier for casino security to stop suspected cheaters or underaged gamblers and create realistic timelines for casinos to meet state reporting requirements, among other changes.

The measure also allows casinos to pay more for simulcasting rights for out-of-state horse races, which would allow them to take wagers on the Breeders Cup championships.

"Atlantic City is South Jersey’s economic engine,” said Milam. “Allowing for smarter, more efficient operations at the casinos can keep the doors open and safeguard tens of thousands of jobs.”

“New Jersey’s casino’s need this regulatory relief to just not remain competitive, but to remain alive,” said Burzichelli.

 

 


 

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