A bill package which would make Atlantic City’s casino industry more competitive by introducing smaller casinos and scaling back over-regulation of the industry, was approved in committee. The legislation in this package that has caught the most attention is one that will allow along with the traditional, 500-room capacity, minimum 60,000 square foot casinos, developers to have the option of building a small-scale casino facility, which is not more than 20,000 square feet, and not less than 200 qualified sleeping units. Developers would also have the option of building a staged casino facility of not more than 30,000 square feet, and not less than 200 sleeping units – with the requirement that they expand to the 500-room requirement within five years of licensure.
“The key to Atlantic City’s future viability is in offering gaming experiences that are unique and unlike anything else offered by other casinos in neighboring states,” said bill sponsor Senator Jim Whelan. “This bill encourages new investment in Atlantic City, and creates economic incentives for casino investors to be creative in the amenities they offer.”
The measure now heads to the Senate floor for consideration.