Many existing casinos oppose lowering the bar

Proposal for smaller casinos advances in Atlantic City

2010-11-10
Reading time 32 seg
(US).- A bill that would allow smaller casinos with as few as 200 hotel rooms has taken another step forward in the New Jersey Legislature. The bill authorizes two new casinos in Atlantic City. It was approved this week by an Assembly panel. It could be voted on by the entire Assembly in about two weeks. The Senate has already passed it.

The bill is seen as a way to help jump-start the nation's second-largest gambling market, which is struggling with the poor economy and competition from casinos in neighboring states.

Current law requires at least 500 rooms. The most successful casinos have 2,000. Many existing casinos invested hundreds of millions of dollars and oppose lowering the bar.

The Seminole Indian tribe has indicated its interest in building a small Hard Rock casino on the Boardwalk if the bill passes.

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