An artist’s rendering of the proposed Hard Rock Casino Meadowlands, which would be built in East Rutherford, just throughout the river from lower Manhattan.
Hard Rock International therefore the Meadowlands Racetrack have actually revealed their plan for the casino in north New Jersey.
The organizations are proposing a $1 billion casino project for the East Rutherford sports complex, right next to the brand new York Jets and New York Giants’ stadium, should New Jersey opt to break the Atlantic City monopoly and authorize expansion that is gambling the north.
Situated across the Hudson from lower Manhattan and just 21 miles away from Newark International Airport, tricky Rock CEO Jim Allen believes the casino could be uniquely positioned to reinvigorate New Jersey’s troubled casino industry, which has lost ground in recent years to states that are neighboring.
Allen stated this that the casino could be up and running within a year, should approval be received by the fall week.
‘Now is the Time’
‘ The casino that is new be designed to attract visitors from not only the 14 million grownups in northern New Jersey and new york, but additionally international travelers, which makes it a premiere entertainment location,’ Allen said.
Lawmakers introduced a bill on Monday that will set up a general public referendum on whether New Jersey should to amend its constitution to permit casino gaming into the north.
Voters could decide whet Continue reading “Hard Rock Unveils New Jersey Meadowlands Proposal”
James Packer (right) with Robert De Niro during the opening of the Nobu that is new Hotel Manila, Philippines.
James Packer, the Australian billionaire and casino mogul, has admitted that Macau’s economic downturn happens to be ‘more severe’ than any of the gambling hub’s operators could have foreseen.
Packer’s Crown Resorts derives 50 percent of its revenue from the 34 percent stake in Melco Crown, which owns properties on the Cotai Strip, including the City that is lavish of resort.
Just more than a 12 months ago, Macau had been announced by Forbes to be one of the world’s fastest-growing economies, and the location’s casinos were enjoying revenues that are bi-monthly compared to that of Las Vegas’ annual haul.
But a crackdown that is unprecedented corruption and money laundering by President Xi Jinping’s government regarding the mainland has halted the success tale and delivered revenues tumbling.
The crackdown that is financial section of an ongoing anti-corruption drive that has frightened off the high rollers as well as the junket businesses that once accounted for some 60 per cent of Macau’s revenue.
Tub thumping from Beijing has sent shares in the regions casino companies tumbling. And this, along with a smoking that is new, increased monetary restrictions imposed on tourists, and a generally speaking weak Asian economy has struck the region hard.