State could lose more than USD 4M in gambling revenue

NJ casinos could shut down amid state budget crisis

Atlantic City gaming facilities could be forced to shut its doors this Saturday if local lawmakers fail to pass the state budget.
2017-07-04
Reading time 42 seg
Atlantic City gaming facilities could be forced to shut its doors this Saturday if local lawmakers fail to pass the state budget.

"This is a market that's very sensitive to external forces, and we've been on a nice little uptick here. You could lose everything you've gained over the last year in a very short period of time," said David Rebuck, director of the state Division of Gaming Enforcement.

If the casinos have to close, it would be very tough on them, claimed Rebuck.

Officials including Republican Gov. Chris Christie, the state attorney general and the head of New Jersey's gambling enforcement division are all examining legal options to try to keep the casinos open.

Lawmakers and regulators don't want to force a shutdown just as the casinos are regaining momentum after a disastrous three-year period that saw five of the 12 casinos shut down.

A 2008 law passed after the state's last government shutdown allowed casinos to stay running for up to seven days of a government shutdown.

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