PolitickerNJ Wire Feed
TRENTON – State Senator Raymond J. Lesniak, D-Union, the author of S-1565, legislation which would allow casinos in Atlantic City to legally offer Internet wagering to gaming consumers throughout the State, issued the following statement today after Wells Fargo’s chief analyst for gaming, Dennis Farrell, identified the prospect of legal Internet gaming as the last best chance to revive Atlantic City’s economy:
“In today’s Wells-Fargo analysis, Dennis Farrell wrote: ‘In our opinion, New Jersey politicians are finally taking significant steps to revive the state's ailing gaming industry, while increasing state tax revenue… In our opinion, this is one of the last chances the governor has to provide a lifeline to Atlantic City casinos, as we believe the size of the online market could be almost half of the existing New Jersey gaming market's revenue.’
“I couldn’t have said it better myself.
“For anyone who still had doubts, today’s report from Wells-Fargo – one of the nation’s largest fiscal houses – should dispel those doubts, and provide incontrovertible proof that Internet wagering is the shot in the arm that Atlantic City’s casinos need.
“The experts are weighing in, and the overwhelming majority of opinions is that Internet wagering represents our best shot at resuscitating Atlantic City’s faltering economy. I hope Governor Christie reads the latest Wells-Fargo opinion, and acts soon to put our State’s casino industry on surer fiscal footing.”
NJ Senate Democratic Office
Onex Corp. (OCX), Canada’s largest buyout firm, agreed to buy York Risk Services Group Inc. from ABRY Partners LLC in a deal valued at $1.33 billion, boosting its holdings in the insurance business, according to Bloomberg News.Read More >
Union County Sheriff Ralph Froehlich has died Union County today mourns the loss of the longest-serving sheriff in New Jersey history, who died last night at the age of 83. (Editor/PolitickerNJ) http://www.politickernj.com/77506/union-county-sheriff-ralph-froehlich-has-died Cryan serving as acting Union County sheriff, poised to run in November ...
By JEFF BRINDLE Much has been written about the magnitude of campaign spending by independent special interest groups. But until now, there has been little discussion about the impact. During the 2012 Presidential and Congressional contests,... Read More >
"As soon as you step into the lake on foot or in a boat, you're in the state's domain. I feel bad for the snake, and I hope it gets rescued before it dies when it gets cold. It didn't mean to get let out there. This snake should be one thing we can get together on and not worry about party affiliation. Unless the snake's a Democrat." - Republican Mount Arlington Mayor Arthur Ondish- PolitickerNJ
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.