Could Casinos Be Coming To North Jersey? - My9 New Jersey

Could Casinos Be Coming To North Jersey?

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East Rutherford, New Jersey (My9NJ) - A New Jersey assembly committee is considering a new bill that would bring a casino to East Rutherford.

Assemblyman Ralph Caputo of Essex County is a proponent of this bill. He chimed in to discuss the licensing process and why he feels this is good for the Garden State.

“Prior to the enactment of the law in 1977 when the first casinos were installed in Atlantic City, there was a public referendum and at that time the one that was successful limited casinos only to Atlantic City and that’s the way it stays until now,” he said.

While some feel like this is a good idea for Northern New Jersey, others are very much against having casinos in other parts of the state.

“Obviously the south Jersey interests would like to see it stay the way it is. The problem is the revenue has decreased $2 billion over the last few years. We’re facing vicious competition from others states, Pennsylvania, New York and there’s a downturn in the economy,” Caputo said.

Caputo understands that a lot goes into making this kind of move happen. “What’s gonna drive this is the numbers. The fact that the financial problem, in terms of retaining that taxable income, is going to dictate the policy. We can’t ignore it. Time is running out. Because we’re losing more money all the time and these other states are taking our lunch really,” he said.

With the recent legalization of online gambling in New Jersey, some argue that this legislation missed their mark and that the gambling industry needs to fully come into the modern age because this change may be behind the times.


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