Late last year, any hope of creating casinos in northern New Jersey were dashed when a referendum added to the November ballot was defeated. Voters were not in favor of casino gaming moving outside of Atlantic City, which left the owner of the Meadowlands, Jeff Gural, without the opportunity to offer casino gaming. However, despite the outcome, Gural is not ready to give up hope and recently announced he will revive efforts but not in the near future.
A report by the Associated Press revealed that Gural is looking to revive casino expansion efforts in a six year time frame. In six years, Gural stated that New York will be offering three new casinos and New Jersey will be looking for ways to compete with the neighboring state.
During the East Coast Gaming Congress in Atlantic City, Gural stated that he can last as long as it will take. He would rather wait six years until New York is open or ready to open and see voters say “Wait a minute.”
Proponents might decide to revitalize the casino expansion plan next year but Gural feels it is best to wait so that the chance of winning is increased. Gural also doesn’t want to try again and be on the losing side once again. The racetrack owner stated it would be very difficult to lose twice and then have it pass on a third try. He feels that the best way to ensure a win is to wait until the neighboring state is in operation with their three new casinos.
Gural feels that revenues will decrease once New York’s new venues are operational and the state will be looking for new ways to compete. This should open up the minds of the voters and see a referendum on the matter pass, at least that’s what Gural believes.
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