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New Jersey Online Gambling

Atlantic City Casino Tax Break Erased

Last December, lame duck New Jersey Senate President Stephen Sweeney painted a grim picture of the South Jersey economy's future should a tax break for Atlantic City's largest employers not be signed into law. "We are risking four casinos closing," Sweeney told the Senate Budget and Appropriations Committee. "I do not want that to happen. I don't…

Land-based ・ 07 September 2022

New Jersey Online Gambling

Atlantic City Casino Smoking Ban Now Seen As Coming

Supporters of a ban on all smoking inside Atlantic City casinos were met with mixed news last week, as backing from New Jersey elected officials reached key milestones just as the legislature kicked off its summer-long break. Four more state senators and six more Assembly members signed on as co-sponsors to identical bills that would impose the…

Land-based ・ 05 July 2022

New Jersey Online Gambling

Atlantic City Casino Tax Break Law Unfair To Residents, A Judge Rules

When a deal was worked out in Trenton late last year to provide a lucrative tax break to the nine Atlantic City casinos, the agreement did not take into account the wishes of Atlantic County officials. On Monday, a second judge ruled that the new deal violated a five-year-old pact involving the casinos and the county. Superior Court Judge Michael…

Land-based ・ 03 May 2022

New Jersey Online Gambling

Atlantic City PILOT Dispute Hearing Delayed Three Weeks

A judge will not hear a case involving Atlantic County's share of a portion of annual effective tax dollars until April 25 - or 24 days after the original hearing and ruling were expected. In February, the county won a case before Superior Court Judge Joseph Marczyk, who found that a state law enacted late last year regarding the…

Law ・ 06 April 2022

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New Jersey Online Gambling

New Jersey Casino Tax Law Has Major Flaw, Judge Rules

The state legislature's attempt to rewrite the terms of a consent order reached with Atlantic County in 2018 regarding payments by Atlantic City's nine casinos may be upended, a Superior Court judge ruled on Friday. While the judge, Joseph Marczyk, declined to overturn a bill signed into law by Gov. Phil Murphy in late December, Marcyzk added that…

Finance ・ 28 February 2022

New Jersey Online Gambling

Atlantic City Casino Smoking Ban Bill Revived

Six state senators reintroduced a bill on the first day of the new legislative session Wednesday that would ban smoking at the nine Atlantic City casinos. Despite extensive backing for the proposal among lawmakers and several statements by Gov. Phil Murphy that he would sign such a bill, it was not among 100 that received a vote on Monday's final…

Land-based ・ 13 January 2022

New Jersey Online Gambling

Online Casino Gaming Roars Again In NJ, Which Complicates Things

In the first full year of online casino play in New Jersey in 2014, the new form of gambling made up 4.5% of the Atlantic City casino industry's gross gaming revenue bottom line. Just a cherry on the top of the casino balance sheet, really. But the annual growth - which eventually became exponential - turned online casino dollars into the…

Politics ・ 28 December 2021

Play NJ

Murphy approves controversial tax breaks for Atlantic City casinos

Gov. Phil Murphy on Tuesday gave final approval to a controversial plan to boost tax breaks for Atlantic City's casinos during the coronavirus pandemic - which proponents say is necessary to stave off job losses and even casinos closures but opponents warn is a giveaway that will hurt taxpayers. Murphy signed the bill (S4007) into law one day after…

Land-based ・ 22 December 2021

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New Jersey Online Gambling

Atlantic City Casinos Make Headway Toward Tax Break In Trenton

In an occasionally bizarre 11-hour "last chance in 2021" voting session in the New Jersey Assembly Monday, Atlantic City casino owners reached the verge of a tax break estimated at more than $50 million in a bill sent to Gov. Phil Murphy for his signature. State racetrack operators, meanwhile, moved one step closer to winning restoration of a full…

Land-based ・ 21 December 2021

Vegas Slots Online

Casino Tax Break Bill Scrapes Through New Jersey Senate

A polarizing tax break bill seeking to save at-risk New Jersey casinos from closure has narrowly passed through both houses of the state legislature after a dramatic marathon voting session. The 21-15 vote by the Senate on Monday represents the minimum threshold required to pass S4007. Meanwhile, the far more clear-cut state Assembly vote of 66-2…

Politics ・ 21 December 2021

News-Press NOW

New Jersey lawmakers weigh Atlantic City casino aid bill

TRENTON, N.J. (AP) - A bill that would give tax relief to Atlantic City's casinos - and possibly prevent the closure of as many as four of them - was being considered Monday in the New Jersey Legislature. The full state Senate passed a bill making changes to an existing law enabling the nine casinos to make payments in lieu of property taxes to…

Land-based ・ 21 December 2021

New Jersey Online Gambling

Atlantic City Casino Tax-Break Bill Advances

A version of a tax break for Atlantic City casinos was advanced by a 9-2 vote in a state Assembly committee on Monday, but is less generous than a state Senate proposal that moved forward a week earlier. Both bills, which are expected to face a full vote in Trenton next week once their language is reconciled, remove online casino gaming and sports…

Land-based ・ 14 December 2021

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The Press Of Atlantic City

Assembly Appropriations Committee to hold hearing Monday on casino PILOT Bill

TRENTON - The Assembly version of the bill to amend the casino payment-in-lieu of taxes arrangement in Atlantic City will be considered in the Appropriations committee on Monday, setting up the potential that a bill will be passed in the lame duck session and signed quickly by the governor. The bill (A5587) was quietly moved from the State and…

Politics ・ 13 December 2021

The Press Of Atlantic City

Our view: Shifts in NJ gaming bring PILOT revisions

New Jersey is revising again how much tax casinos pay and how governments divide up the revenue. That is contentious for the competing government entities, and frustrating for all stakeholders including the public because much of the change is done with uncertainty and secrecy. After a couple of weeks of posturing and politicking about who will get…

Covid ・ 12 December 2021

New Jersey Online Gambling

Atlantic City Casino Bill Going Up In Smoke?

Countless bills are moving in Trenton this month under a typical "lame duck" session of the New Jersey Legislature as the new group of lawmakers gets ready to convene in January. But one bill, S1878, which would eliminate the Atlantic City casino industry's exemption from an indoor smoking ban, has yet to be advanced by state Senate President…

Land-based ・ 08 December 2021

Vegas Slots Online

Bill Could Save Four Atlantic City Casinos From Shuttering

New Jersey Senate President Dave Sweeney's tax cut bill has passed a committee, giving hope to four casinos he deems at risk of closure. [Image: Shutterstock.com] A bill seeking to provide a substantial tax cut to Atlantic City gaming establishments has passed the New Jersey Senate budget committee, giving hope to four of the state's casinos…

Land-based ・ 07 December 2021

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Lawmaker: 4 Atlantic City casinos may close without tax aid

TRENTON, N.J. (AP) - Four of Atlantic City's nine casinos are in danger of closing if the state does not pass a bill giving tax breaks to the casinos, New Jersey's outgoing state Senate president said Monday. Democrat Steve Sweeney's claim at a Senate budget committee hearing represented a drastic departure from the original rationale behind the…

Land-based ・ 07 December 2021

The Press Of Atlantic City

Polistina to oppose casino PILOT bill citing OLS report showing loss of tax revenue

The Senate bill to amend the Atlantic City casino payments-in-lieu-of-taxes law will be considered in the Appropriations and Budget committee Monday. Hours before the hearing was scheduled to start, Senator Vince Polistina, R-Atlantic, expressed his opposition to the new PILOT legislation. He said a Dec. 3 analysis by the Office of Legislative…

Finance ・ 06 December 2021

The Press Of Atlantic City

GUEST COLUMN: It's time to dissolve the casino PILOT bill, not make changes

It is time to dissolve the casino PILOT, not make it worse. The Casino PILOT bill is a form of corporate welfare. Casino gambling is authorized in our state constitution only in Atlantic City for the express purpose of revitalizing our local economy. Online gambling needs to support the constitutional goal of redeveloping our city. The current…

Law ・ 26 November 2021

The Press Of Atlantic City

It's time to dissolve the casino PILOT bill, not make changes

It is time to dissolve the casino PILOT, not make it worse. The Casino PILOT bill is a form of corporate welfare. Casino gambling is authorized in our state constitution only in Atlantic City for the express purpose of revitalizing our local economy. Online gambling needs to support the constitutional goal of redeveloping our city. The current…

Law ・ 26 November 2021

New Jersey Online Gambling

Will Proposed Ban On Cigarettes Inside AC Casinos Go Up In Smoke?

Countless bills will come up for a vote in Trenton during the legislature's lame duck session, following the Election Day vote for governor and for all 120 state Senate and Assembly seats. But last week, Senate President Stephen Sweeney - bounced from office in a stunning upset by a low-budget Republican challenger - said that there has been no…

Covid ・ 23 November 2021

The Journal Record

New Jersey eyes financial break for Atlantic City casinos

ATLANTIC CITY, N.J. - New Jersey lawmakers are proposing financial relief for Atlantic City's casinos to help them continue to recover from the coronavirus pandemic by exempting two of the industry's fastest-growing revenue streams from calculations on how much the casinos should pay the city. It would reduce payments for some casinos, including…

Land-based ・ 16 November 2021

Newsweek

NJ Proposes Renewed Bill to Provide Millions in Breaks to Some Atlantic City Casinos

New Jersey lawmakers are proposing to renew a bill that will provide financial relief for Atlantic City casinos trying to recover from losses as a result of the COVID-19 pandemic. The bill renewal was advanced Monday by a state Senate committee and would exempt two of the industry's fastest-growing revenue streams from tax calculations of how much…

Land-based ・ 15 November 2021

The Press Of Atlantic City

Senate committee to discuss casino pilot bill Monday

A bill to remove sports and internet gaming figures from casino payment in lieu of taxes calculations and to cut the 2022 PILOT payment to $110 million will be discussed in a Senate committee Monday. Sponsored by state Senate President Steve Sweeney, it is the Senate version (S4007) of a bill sponsored by Assemblyman John Armato, D-Atlantic,…

Politics ・ 15 November 2021

The Press Of Atlantic City

Sweeney PILOT bill would cut casino payments to $110M in 2022

A bill to remove sports and internet gaming figures from casino payment in lieu of taxes calculations and to cut the 2022 PILOT payment to $110 million will be discussed in a Senate committee Monday. Sponsored by state Senate President Steve Sweeney, it is the Senate version (S4007) of a bill sponsored by Assemblyman John Armato, D-Atlantic,…

Payment Methods ・ 14 November 2021