Hit enter after type your search item

A.C. casinos to be more like Slot Online Vegas

/
/
/
61 Views

ATLANTIC CITY — The city’s Boardwalk, Marina District, and other areas will get a dramatic facelift through projects that will replace aging or demolished structures with new restaurants, entertainment venues, and retail shops.

The half-dozen projects, approved Thursday by the state Casino Reinvestment Development Authority, will be funded by tax rebates to the casinos under the state’s newly created Urban Revitalization Incentive Program.

The program should help casinos here become more like those in Las Vegas, which draw tourists with spectacular entertainment, fancy restaurants, and upscale shops as well as gambling.

In exchange for getting to use millions in sales and luxury taxes they collect to fund work around their casinos, those whose projects were approved will be required to use $20 million each of their own revenues to fund redevelopment projects in urban areas elsewhere in New Jersey.

Communities already picked for revitalization projects include Newark, which will get $20 million worth of redevelopment; Trenton and Camden, $20 million each; New Brunswick and South Amboy, $10 million each; and Wildwood, Vineland, Millville, Bridgeton, and Glassboro, which will split $20 million.

Along with the retail and entertainment venues planned by the Slot Online casinos in town, each will build a parking garage and together they plan new hotel towers with a total of 7,176 new rooms, although 4,600 would not open until the end of the decade, said James B. Kennedy, executive director of the CRDA.

The entertainment venues will range from traditional Boardwalk amusement piers and arcades to comedy clubs and possibly a small aquarium, Kennedy said.

PAS To Shut Genting Casino If It Wins Poll

MALAYSIA PRESS:PAS To Shut Genting Casino If It Wins Poll

KUALA LUMPUR (Dow Jones)–Malaysia’s Islamic opposition party, the Pan-Islamic Malaysian Party, or PAS, would shut down the Genting Highlands casino if it gained control of Pahang state, where the resort is located, the Star newspaper reports, quoting the party’s spiritual leader.

“Essentially Islam forbids gambling,” said Nik Abdul Aziz Nik Mat. “Closing it immediately would be too drastic a move…We will give them a year or two to arrange alternative employment for their workers as well as to dispose of their assets.”

PAS, along with other members of Malaysia’s four-party opposition coalition, has made strong inroads into strongholds of the dominant United Malays National Organization, or UMNO. The party tripled its seats in parliament in a 1999 general election and took control of a second rural state.

Worries about whether PAS would win in Pahang state, which is close to Kuala Lumpur, had rattled investors ahead of the last election and sent stocks in the companies owning the casino tumbling.

The casino, the only one in Malaysia, is owned by Resorts World Bhd. (P.RWD), a 55%-owned unit of Genting Bhd. (P.GEN).

 

 

 

 

This div height required for enabling the sticky sidebar