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N.J. gaming industry massive overhaul: Winners & Losers

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TRENTON — N.J. Gov. Chris Christie is announcing unprecedented plans Wednesday to revamp the state's faltering gaming industry. Major players in the casino, horse racing and entertainment sectors are facing significant changes. The recommendations, as outlined in the commission report obtained by The Star-Ledger, call for the most significant changes in New Jersey’s once lucrative entertainment, sports and gaming...

atlantic-city-casino-overhaul.jpgAn empty lot just south of Resorts Casino as Gov. Chris Christie will announce Wednesday an unprecedented overhaul of the entertainment industry including a complete government takeover of the Atlantic City Casino and visitors district making this a virtually independent city within a city.

TRENTON — N.J. Gov. Chris Christie is announcing unprecedented plans Wednesday to revamp the state's faltering gaming industry. Major players in the casino, horse racing and entertainment sectors are facing significant changes.

The recommendations, as outlined in the commission report obtained by The Star-Ledger, call for the most significant changes in New Jersey’s once lucrative entertainment, sports and gaming venues since casino gambling was approved and the opening of the Meadowlands in 1976.


Read the Star-Ledger exclusive report:

N.J. Gov. Christie plans takeover of Atlantic City casino district, sale of Meadowlands Racetrack


The proposed massive overhaul includes a takeover of Atlantic City’s gaming and entertainment districts, the sale or closure of the Meadowlands Racetrack, the near disbanding of the New Jersey Sports and Exposition Authority, and refinancing the stalled Xanadu entertainment complex project.

Here is what else may happen next with who comes out on top, and who should pack up and close their doors.

WINNERS:


The Casino Industry

Casino owners believe anything that increases state investment in Atlantic City is good for business

Gamblers

Atlantic City becomes more inviting

Stephen Sweeney and South Jersey legislative delegation

Held the line on gaming outside of Atlantic City

Xanadu

Gets a new lease on life

Stephen Ross

New York real estate developer could get state financing

Construction industry

Proposals could lead to massive construction in Atlantic City and Xanadu

Prudential Center

Arena in Newark could see less competition from Izod Center

NASCAR

Can you say Dale Earnhardt Jr.? NASCAR could be racing at Atlantic City

Drivers on the New Jersey Turnpike

People are still trying to figure out who thought the exterior of Xanadu was a good idea

LOSERS:


The Sports and Exposition Authority

To close up shop

Atlantic City Convention and Visitors Authority

Ditto

Employees of the two authorities

Unclear what their future will be

Harness Racing

Will no longer be state subsidized. Meadowlands Racetrack could close

Monmouth Park

Track attendance is up with new shortened race schedule, but state may privatize track, leaving its future uncertain

Atlantic City municipal government

Gets a vote of no confidence. Loses control of the casino and entertainment district to the state

Xanadu

If no deal is reached, the state will foreclose

Paul Sarlo and Bergen legislative delegation

Not entirely in the loser column. Wanted gambling at the Meadowlands and lost. May lose the racetrack, but Izod stays open, albeit in private hands


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