Wednesday, June 03, 2015

Hard Rock Meadowlands

Hard Rock International has announced plans (via Press Release) to develop a casino project in Northern New Jersey at the Meadowlands.

There will be many legislative hurdles to cross, but it seems like gaming in Northern New Jersey has a lot of momentum.

The biggest question is how this will affect Atlantic City. The press release claims that a portion of the tax revenue "could go directly to aid in the development and reconstruction of Atlantic City's casino and hotel industry" but who knows how that would play out.

I don't think Atlantic City would be hurt by the increased competition, because there's already so much competition from surrounding states that the market's pretty well saturated. Maybe AC's best hope is to get some kind of subsidy from Northern New Jersey casinos.