New Jersey Governor vows to relax casino rules
Christie said he's assured them he'll consider more regulatory relief to encourage additional investment in the city that has seen the exodus of nearly half its casinos.
"We are going to work with them very carefully over the next 30 days or so to try to continue to modernize that regulatory scheme in Atlantic City in order to make it more effective for the state and more efficient for the casinos."
About six years ago, New Jersey reduced some of the casino industry's regulations, including making a casino license valid indefinitely instead of having to make costly reapplications every five years. It also brought much of the day-to-day oversight of casinos under the jurisdiction of the state Attorney General's Office instead of the appointed Casino Control Commission.
The city's seven casinos say they are doing better now following a three-year period where five of their competitors shut down.
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