Overhaul of
Atlantic City casino control possible
A
possible overhaul awaits the Atlantic City Casino Commission
Control if a bill by the current administration finds its way to
a law. According to a drafted proposal cited by The Press of
Atlantic City, the Casino Commission Control (CCC) may soon find
itself with much less power to operate in Atlantic City. The
draft by the Gov. Chris Christie’s administration would limit
the powers of CCC to just licensing on casinos in Atlantic City,
while transferring everything else to the Division of Gaming
Enforcement, which currently serves as an investigative and
enforcement agency for the billion dollar gambling industry in
New Jersey.
Since both agencies are funded by the
casino industry, the aim of the draft is to cut down the
expenses and use the savings to promote tourism to Atlantic
City. In addition to the change of power, it's proposed that
casino inspectors are no longer required to be on the casino's
premises 24 hours a day, which would lead to additional cuts in
the commission's expenditures. Currently the CCC employees 139
casino inspectors, almost half of which are eligible for
retirement. According to estimates in the proposal - as much as
$25 million could be saved by restructuring the casinos'
regulatory bodies.
In addition to the overhaul of the
Casino Commission Control functions, the draft also proposes a
change in some of the taxes the
Atlantic City casinos are paying
the state at the moment. Under the new casino proposal, would
non-cashable credits, electronic credits and vouchers will seize
to be considered part of gross revenue, thus avoiding the 8% tax
the casinos are currently paying on those items.
Published
on 11/05/2010
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