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Jersey City $4.6 Billion Casino Resort Proposed for North Jersey

Jersey City $4.6 Billion Casino Resort Proposed for North Jersey

A casino in Jersey City could fight down competition from nyc in the Garden State casino market (Image:

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 video gaming into North Jersey, plus it appears Fireman, who is A ceo that is former of now operates Fireman Capital Partners, is working difficult to make it work well.

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

Atlantic City, that has always had the monopoly on casino gaming since the first property exposed there in 1978, has lately been in serious financial 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 from the recession, as have been hoped.

Furthermore, it’s been hit hard by brand new competition from neighboring states such as Pennsylvania, which has superseded brand New Jersey as the 2nd casino market that is biggest in the united states, after Nevada. Even though Atlantic City casinos like The Showboat and Revel Continua a leggere