Atlantic City to introduce new casino regulations

The state’s governor said during a press conference that casino rules will be changed to encourage investments.

US.- New Jersey’s Governor Chris Christie announced that new regulations regarding casinos in Atlantic City will be introduced in the state within 30 to 45 days. The measure comes after the request of officials from MGM and Caesars.

“We’re going to be working with them on additional ways we can bring Atlantic City’s regulations into the 21st century,” said the governor. As nwitimes.com reported, New Jersey has already reduced casino regulations a few years ago by making the casino licenses valid indefinitely. Chairman of MGM Jim Murren said: “We do not think Atlantic City is but a finite pool, but we do believe it is a important regional destination.” Caesars Entertainment President Marc Frissora agreed and said that the companies continue to see a lot of vibrancy in Atlantic City. “We know that the future is bright,” he added.

During the last week of May, the New Jersey Division of Gaming Enforcement revealed casino results in Atlantic City, which shows positive perspective for the 2017 total activity. The official report announced an increase of 30.4 percent for the sector during the first quarter of the year, in comparison with the same results of 2016.

New Jersey authorities expect a major boost in the Atlantic City economic reports as new casinos would be allowed to open, such as former Trump Taj Mahal casino, which was acquired by the Seminole operators of the American brand Hard Rock International.