A casino in Jersey City could fight off competition from New York in the Garden State casino market (Image: sloanspringer.com)
Venture capitalist Paul Fireman wants to create a $4.6 billion casino resort in Jersey City, according to reports by the latest Jersey press. State Governor Chris Christie recently declared his openness to the expansion of casino gaming into North Jersey, plus it appears Fireman, who is a previous ceo of reebok now runs Fireman Capital Partners, is working difficult to make it happen.
The businessman has been ending up in New Jersey politicians over the past month to discuss their proposal for a 95-story hotel and casino increasing above New York Harbor that could additionally feature a motorsports stadium and ‘the largest Ferris wheel in the globe.’
Atlantic City, which includes always had the monopoly on casino gaming since the first property exposed there in 1978, has lately been in serious economic straits. Despite injections of money and a plan that is five-year rejuvenate the town, spearheaded by Governor Christie in 2011, its casino market failed to bounce back through the recession, because had been hoped.
Moreover, it has been hit hard by new competition from neighboring states such as Pennsylvania, which has superseded brand New Jersey as the second casino market that is biggest in the US, after Nevada. And while Atlantic City casinos like The Showboat and Revel contemplat Continue reading “Jersey City $4.6 Billion Casino Resort Proposed for North Jersey”