ATLANTIC CITY — Casinos in the resort are most at-risk in the near term from pending gaming regulations changes, including the possibility of more casino gaming in the region, according to a report from Fitch Ratings.
Pennsylvania, New Jersey and Arkansas all made progress toward expanded casino gambling, while the latter two may see additional changes via referendum in November.
For nearly 40 years, everything about the Atlantic City gambling market has been big. Giant gaming companies built the largest hotels in New Jersey and operated vast casinos within them that generated several billion dollars a year in gambling revenue.
New Jersey voters will consider a statewide ballot question in November pitting the champions of two North Jersey casinos against those who want to monkey wrench Meadowlands and Jersey City gaming.
At age 61, Norcross has been called one of the most powerful people in New Jersey. The Camden County Democratic powerbroker is also the chairman of Cooper University Hospital in Camden, head of a national insurance company and also the leader of a coalition of South Jersey Democrats.
The powerful insurance brokerage that submitted the winning bid to the N.J. Casino Reinvestment Development Authority was vague on the question of compensation, saying that it could “narrow it down quite a bit” and gave percentages “typically” used as commission.
Sure enough, at its March meeting, with no discussion, the CRDA awarded by unanimous vote a contract for commercial insurance brokerage services to Conner Strong & Buckelew, the Marlton-based firm headed by South Jersey power broker George E. Norcross III.
Today, we will reveal some of the results that call into question Colin Bell’s qualifications to hold elective office and his choice to make money on the backs of struggling homeowners facing foreclosure.
Phil Murphy may have limited how much he can spend to win the governor’s mansion, but it looks like he’ll get help from a newly-formed super political action committee.
The Committee to Build the Economy has already raised $1 million from three unions to aid Murphy, according to Politico.