A casino in Jersey City could fight down competition from ny in the Garden State casino market (Image: sloanspringer.com)
Venture capitalist Paul Fireman wants to construct a $4.6 billion casino resort in Jersey City, according to reports by this new Jersey press. State Governor Chris Christie recently declared his openness to your expansion of casino gaming into North Jersey, also it appears Fireman, who is A ceo that is former of and now operates Fireman Capital Partners, is working hard to make it work.
The businessman has been meeting with brand New Jersey politicians over the month that is past discuss their proposal for the 95-story hotel and casino increasing above New York Harbor that could additionally feature a motorsports stadium and ‘the largest Ferris wheel into the world.’
Atlantic City, which has always had the monopoly on casino gaming lightning-link-slot since the first home opened there in 1978, has lately been in serious financial straits. Despite injections of cash and a five-year intend to rejuvenate the town, spearheaded by Governor Christie in 2011, its casino market did not bounce back from the recession, as was hoped.
Also, it has been hit hard by new competition from neighboring states such as for example Pennsylvania, which has superseded brand New Jersey as the 2nd casino market that is biggest in the usa, after Nevada. And while Atlantic City casinos like The Showboat and Revel contemplate closure, Read more “Jersey City $4.6 Billion Casino Resort Proposed for North Jersey”