A casino in Jersey City could fight down competition from New York in the Garden State casino market (Image: sloanspringer.com)
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 gaming into North Jersey, and 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 proposition for a 95-story hotel and casino rising above New York Harbor that could also feature a motorsports stadium and ‘the largest Ferris wheel into the world.’
Atlantic City, that has always had the monopoly on casino gaming since the property that is first there in 1978, has lately been in dire financial straits. Despite injections of cash and a five-year want to rejuvenate the city, spearheaded by Governor Christie in 2011, its casino market didn’t bounce back from the recession, because had been hoped.
Also, it is often hit hard by new competition from neighboring states such as Pennsylvania, which has superseded New Jersey as the 2nd biggest casino market in the usa, after Nevada. And even though Atlantic City casinos like The Showboat and Revel contemplate closure, Christie has apparently been for Continue reading “Jersey City $4.6 Billion Casino Resort Proposed for North Jersey”