Senate Democrats Offer Plan to Save Horseracing
October 19, 2010 1 Comment
By Joe Bisicchia
Democratic lawmakers offer a plan to boost both Atlantic City and the Racing Industry. The plan includes streamlining casino regulations, giving more power to the Casino Reinvestment Development Authority, and allowing smaller, 200-room hotels. A suggestion to help horseracing included an increase in off-track wagering parlors. The proposal does not allow for video lottery terminals.
In order to lower property taxes and increase revenue for the state, build one casino in every county in accordance with the population of the county. In some cases , 2 or 3 smaller counties counties may need to share a casino.