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Jersey City $4.6 Billion Casino Resort Proposed for North Jersey



A casino in Jersey City could fight off competition from nyc in the Garden State casino market (Image: sloanspringer.com)

Venture capitalist Paul Fireman wants to build 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 the expansion of casino gaming into North Jersey, and it appears Fireman, who is A ceo that is former of and today runs Fireman Capital Partners, is working difficult to make it happen.

The businessman has been ending up in brand New Jersey politicians over the past month to discuss their proposal for a 95-story hotel and casino increasing above New York Harbor that will also feature a motorsports stadium and ‘the largest Ferris wheel into the world.’

Atlantic City, which includes always had the monopoly on casino gaming since the property that is first there in 1978, has lately been in serious economic straits. Despite injections of money and a plan that is five-year rejuvenate the town, spearheaded by Governor Christie in 2011, its casino market neglected to bounce back through the recession, because was indeed hoped.

Additionally, it has been hit hard by brand new competition from neighboring states such as for instance Pennsylvania, which has superseded New Jersey as the 2nd biggest casino market in the united states, after Nevada. And even though Atlantic City casinos like The Showboa 继续阅读