PolitickerNJ Wire Feed

By Alise Roderer | January 24th, 2013 - 3:32pm
| More

LESNIAK STATEMENT ON WELLS-FARGO ANALYSIS THAT INTERNET GAMING IS ATLANTIC CITY’S ONLY HOPE

‘In our opinion, this is one of the last chances the governor has to provide a lifeline to Atlantic City casinos,’ says Wells Fargo Analyst

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.”

Contact Info: 

Jay Butkowski
NJ Senate Democratic Office
609-847-3700
Jbutkowski@njleg.org

The Back Room

Sources: Why Fox?

With the support of Gov. Chris Christie, Jamie Fox is on the fast track to get back to the Department of Transportation (DOT). The question is why?

Read More >

Wake-Up Call

Morning Digest: September 18th

Guv prospects Fulop and Sweeney add voices to Silva, Stack and striking 1199 SEIU workers UNION CITY – They tried out their blue collar tough guy tonsils today in front of a purple-shirted crowd of striking healthcare workers – two of three as-yet-undeclared Democratic candidates for governor: Jersey City...

Op-Ed

Legislation needed for publicly financed gubernatorial elections

By JEFF BRINDLE It is critical that the Legislature soon enact a pending bill that would ensure the state’s Gubernatorial Public Financing Program is available in the event of a special election for governor.  Not only is there no current legal... Read More >

Contributors

(9-17-14) Viral Video Prompts Questionable NJ Municipal Ordinance -  Socrates said, “While I might disagree with what you say, I will defend to the death your right to say... more »
The Correct Foreign Policy – Neither Fortress America Nor Pax Americana      Last week marked the 75th anniversary of the beginning of World War 2.  It started with the... more »
(Asbury Park, NJ) -- There's a word for someone who says one thing and does another: hypocrite.  There's no shortage of 'em in Trenton -- from ... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

Quote of the Day

quote of the day

“We’re going to hold the line until hell freezes over, and when hell freezes over, we’re going to hold the line on ice skates." - Assemblyman Raj Mukherji (D-31), at yesterday's SEIU 1199 rally.

- PolitickerNJ

Poll

Who would make the best running mate for Chris Christie if he lands the GOP nomination for president?:

Blogroll

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources