Fundraiser for Gov. Chris Christie who is in charge of the state's gambling and entertainment policy gets second opportunity to remake Atlantic City, even when many casinos are closing and over 6,000 people are unemployed.
The Republican governor called Consensus ideas from a September 8 summit of state and local leaders to speak about the future of Atlantic City. The responsibility of future of Atlantic City will turned over to real estate executive Jon F. Hanson, chairman of an adhoc state commission that will make a decision how to implement reforms.
Hanson has been the state's gaming and entertainment czar since Christie took office in 2010, but a decline of business at Atlantic City's casinos has increased.
This year, the city started with 12 casinos, but the number reduced to 11 when the Atlantic Club closed in January and Closure of Showboat, Revel and Trump Plaza have been scheduled over the next three weeks.
Four years ago, a 29-page overhaul plan, which is widely recognized as the Hanson Report, was released by the Governor's Advisory Commission on New Jersey Gaming, Sports and Entertainment. Suggesting Christie to stop any support from state for horse racing and work with lawmakers to make a new Atlantic City tourism district.
The Atlantic City has spent more on items such as show tickets, amusement attractions and alcoholic beverages but has suffered losses in gaming revenue, which is about at $5.2 billion in 2006 and about $2.9 billion last year.
"New Jersey has gone from having 3,000 standardbred mares bred in the best year to only 110 bred last year and casinos are closing. State policy is absolutely to blame. We don't have the stability or purses that can attract investment from horse buyers", said Anthony Perretti, whose family's 900-acre standardbred breeding farm in Upper Freehold closed down.
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