Gambling mogul Steve Wynn could return to Jersey

In 2013 he considered entering New Jersey’s online gambling market but last year withdrew the license.

US.- According to Steve Wynn’s spokesman, the Wynn Resorts boss is interested in building a casino in North Jersey, if New Jersey legislators’ proposals to amend the state Constitution to permit casinos outside Atlantic City is approved. The casino mogul owned one of the first gambling halls in Atlantic City before leaving town decades ago.

As Michael Weaver, Wynn spokesman, explained  the decision is subject to legislators choosing an expansion plan for the state that do not “limit the options available for future development of the industry, given that some of the top tier resort companies, such as Wynn, are not operating in Atlantic City.”

State Assembly has to decide on one of the diverse proposals, because any plan to amend the state’s constitution requires voter’s referendum. Assembly Speaker Vincent Prieto (D-Hudson) has an expansion plan that calls for two new casinos in the northern part of the state, one in each county. Meanwhile, state Senate President Stephen Sweeney (D-Gloucester) presented another bill, which also projects two casinos in two counties, but with one main difference: those casinos would have to be partially owned by an existing Atlantic City operator.

Sweeney’s plan, which is backed by Gov. Chris Christie, states that the future casino’s revenues will have to be shared with the Atlantic City operators. On his part, Prieto considers that the revenues of only one of the two casinos should be shared. The second one would be open to outside operators.