.....................................
ONLINE CARD GAMES

Flecha - Online Card Games Home
arrow Casino Glossary

Vegas Casino Online

With the most prominent online casino games

Vegas Casino Online- Vegas Anytime


.....................................

SCRATCH CARDS

Flecha Online Card Games Lucky 8's
Flecha Online Card Games Magic 7's
Flecha Online Card Games 5 Diamond Blackjack


.....................................
BLACKJACK REVIEW

Flecha Online Card Games Online Blackjack
Flecha Online Card Games Using Card Counting
Flecha Online Card Games Knowledge of The Game
Flecha Online Card Games Side Count of Aces

      Subscribe RSS
   read more

.....................................
PARTNER DIRECTORY

Felcha - Online Card GAmes SitePartner Directory
 Add your link

Other Resources ...


Slot Plus with over
over 90 games
SlotsPlus Over 90 games

.....................................
GET IN CONTACT

Flecha - Online Card Games Contact US
Flecha - Online Card Games Site Map
.....................................
Sun Palace Casino
+ 90 games including
progressive games

 Sun Palace Casino

debating
[ Enlarge Image ]
<< Back
Posted: 2007/09/07 by: Glenn Haussman.
With the legalization of slot machines in Pennsylvania, New Jersey legislatures are starting to worry they’ll begin to lose millions of dollars in tax revenues currently generated in the state’s dozen Atlantic City casinos.

Now Governor Jon Corzine is starting to think that bringing gaming machines to state racetracks just might be a good thing after all. The gaming machines in questions are video lottery terminals, which differ from traditional slot machines internally but provide a similar user experience.

“I think we're surrounded with VLTs everywhere else, so we're going to take the hit without seeing any of the potential benefits,” Corzine said in an interview with the Press of Atlantic City. “The market's going to show, one of these days, whether this is something that needs responding to.”

Atlantic City currently rakes in about $5.5 billion a year in gaming revenue. The nascent Pennsylvania gaming industry is hoping to bring in more than $3 billion a year annually by 2010 when its slot machine are all in full swing. Atlantic City casino executives are already worried about a pair of casinos opening in Philadelphia during the next two years impacting day tripper business, and the legalization of gaming machines outside of Atlantic City could impact the market ever further.

Bringing VLTs to the Meadowlands Racetrack in Northerrn New Jersey -- which is just a few miles from midtown Manhattan – could affect Atlantic City anywhere between $40 and $400 million depending on which study you believe.

“I'm still against them, but I'm a little less adamant about it,” said Corzine. “I'm not wavering; I want to see the facts. If we see day traffic erode sharply in Atlantic City, should we just do nothing?”

Last month some south New Jersey Congressman urged Corzine to stay the course and keep VLTs out of the state, or risk hurting the thriving Atlantic City casino industry. Billions have been invested in upgrading and building casinos in the market during the last five years and it’s widely expected billions more will be invested during the next few years. Several major projects are rumored to be close to getting a green light including a more than $3 billion property from moguls Steve Wynn and Donald Trump.

In a letter to Corzine, Republican representatives Jim Saxton and Frank LoBiondo and Democrat representative Robert Andrews urged the Governor to keep VLTs out of ther state. "Bringing VLTs to the Meadowlands will not make New Jersey more competitive with emerging markets in New York and Pennsylvania, rather it will undermine the tremendous economic expansion and ongoing revitalization in Atlantic City, reduce revenues for the state, and put the livelihoods of over 45,000 gaming industry employees in jeopardy," the congressmen wrote.

State Senate President Richard J. Codey, D-Essex believes VLTs should be legalized as soon as possible, which under a current agreement can’t happen until October 2007. A current state agreement with the casinos that expires in late 2007 has the existing casinos send $86 million since 2003 to help support the horse racing industry.

SlotsPlus SlotsPlus one of the most famous online slots halls on the Internet.


“I would like to see the horse racing industry receive continued compensation, but that's tied up in this VLT issue, too,” Corzine said.

Of course Casino Association President Joseph Corbo said he against bringing VLTs to the Meadowlands. He wrote in an op-ed piece last summer it would irreparably harm the Atlantic City gaming scene.

“The result will be declining revenues, limited growth opportunities and fewer jobs in one of the states fastest-growing, most vibrant economic sectors,” Corbo wrote. “This amounts to killing the goose that lays the golden eggs. VLTs at the Meadowlands cannot conceivably help Atlantic City compete against the emerging gaming jurisdictions of Pennsylvania and New York.”

© Copyright 2007 Online Card Games This material may not be published, broadcast, rewritten, or redistributed.

Share This Blog  | TrackbackURL  Trackback URL |




[ Back ]