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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: sloanspringer.com)

Venture capitalist Paul Fireman wants to create a $4.6 billion casino resort in Jersey City, according to reports by the newest Jersey press. State Governor Chris Christie recently declared his openness towards the expansion of casino video gaming into North Jersey, and it appears Fireman, who is a previous ceo of reebok and now runs Fireman Capital Partners, is working difficult to make it work.

The businessman has been meeting with brand New Jersey politicians over the month that is past discuss his proposition for the 95-story hotel and casino rising above New York Harbor that could additionally feature a motorsports stadium and ‘the largest Ferris wheel into the globe.’

Atlantic City, which 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 cash and a plan that is five-year rejuvenate the town, spearheaded by Governor Christie in 2011, its casino market didn’t bounce back through the recession, because was indeed hoped.

Moreover, it is often hit hard by new competition from neighboring states such as Pennsylvania, which has superseded New Jersey as the 2nd casino market that is biggest in the usa, after Nevada. And even though Atlantic City casinos like The Showboat and Revel 继续阅读Jersey City $4.6 Billion Casino Resort Proposed for North Jersey