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
A former senior state correction officer from Newark was sentenced to prison today for trafficking 22 kilograms of cocaine from Texas to New Jersey, according to acting Attorney General John J. Hoffman.Read More >
Bergen County Exec's race: Fort Lee Mayor Sokolich sees Bridgegate investigations as potential election catalyst FORT LEE - Fort Lee Mayor Mark Sokolich was the emcee of Tuesday's meet-and-greet event at the Richard A. Nest Adult Activity Center in his Bergen County borough, introducing U.S. Sen. Cory Booker...
By Jeff Brindle A lone PAC contribution to Trenton Mayor Eric Jackson’s campaign highlights the need for pay-to-play reform in New Jersey. During the recent mayoralty election in Trenton, newly elected Mayor Eric Jackson received an $8,200 campaign... Read More >
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.