Senator renews call for racinos in New Jersey
Senator Joe Pennacchio has released a statement after the New York Gaming Facility Location Board recommended three casino licences in New York.
US.- New Jersey Senator Joe Pennacchio has renewed his call for slot machines to be allowed at racetracks in the state. He has released a statement after the New York Gaming Facility Location Board voted to recommend licences for three casinos in New York City.
Pennacchio said: “New York is charging ahead with three new casinos while New Jersey sits on its hands and watches our gaming revenue drift across the river. It’s unacceptable. A Meadowlands racino would be an immediate economic engine for our state, yet leaders refuse to act. I’m renewing my call for racinos because New Jersey can’t afford to keep falling behind while our neighbors eat our lunch.”
Earlier this week, the New York Gaming Facility Location Board approved all three of the remaining proposals for new downstate New York casino licences. The decision means that Metropolitan Park, Resorts World New York City and Bally’s Bronx proposal are all likely to go ahead, although the New York State Gaming Commission (NYSGC) must vote and make final ratification on December 31.
If the NYSGC approves the applications, Resorts World would be up and running by spring while the other two casinos would be expected to open in 2030.
New Jersey casino revenue holds steady in Q3
New Jersey Division of Gaming Enforcement reported that casino net revenue totalled $942.1m for the quarter ended September 30. That’s a decrease of just 0.1 per cent year-over-year. Casino licensees reported gross operating profit of $236.2m, down 2.7 per cent compared to the same period in 2024.
The hotel occupancy rate at casino hotels was 84.3 per cent, a 0.2 percentage point increase compared to the same quarter in 2024.
