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

Wake-Up Call

Morning Digest: August 1st

Christie makes his pitch on bail reform TRENTON -In a win-win moment for Gov. Chris Christie as he seeks tough guy points ahead of the 2016 GOP presidential primary, both houses of the legislature packed into the assembly chamber and listened as Christie pleaded for a constitutional amendment on...

Op-Ed

The health of New Jersey's women is not Chris Christie's priority

By Linda Stender At his most recent town hall, Gov. Chris Christie accused his predecessors of "monkeying with the math" when it comes to their handling of our state's economy. But as the old saying goes, when the governor points a finger, he... Read More >

Contributors

(7-30-14) Who Is Best Equipped to Decide the Fate of the Common Core? - The latest Christie controversy surrounds his Executive Order to revamp the state’s academic... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »
The Perry-Paul Debate is Healthy for the GOP – and for America  The foreign policy debate in the media between prospective GOP Presidential candidates Texas Governor Rick Perry and... more »
(Washington DC)-- Two recent votes on Capitol Hill suggest an overdue and radical departure from our nation's Draconian and costly War on Drugs.  It's a long-overdue discussion (and not just... more »

Quote of the Day

quote of the day

"Potentially, we can get this done, because it's important. We get it. We understand it. But there are issues. There's the speedy trial component. How are we going to pay for this? How is the risk-assessment piece of it going to be done?" - Assembly Speaker Vincent Prieto (D-32), on bail reform.

- The Asbury Park Press

Poll

Who is a better GOP candidate for governor?:

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