summary
Introduced
In Committee
Crossed Over
Passed
Dead
Signed/Enacted/Adopted
01/05/2011
01/05/2011
Introduced Session
2010-2011 Regular Session
Bill Summary
This bill establishes two alternative methods of casino licensure. It provides that the Casino Control Commission will issue a small-scale casino facility license and a staged casino facility license for a facility to be located within or adjacent to the Boardwalk casino zone. A small-scale casino facility would consist of not more than 20,000 square feet of casino space and not less than 200 qualified sleeping units. A staged casino facility would initially consist of not more than 30,000 square feet of casino space and not less than 200 qualified sleeping units. Within two years, a staged casino facility licensee would have to begin expanding the facility which must include not less than a total of 500 qualified sleeping units within five years of initial licensure. If the holder of a staged casino facility license fails to complete the expansion of the facility within the time period specified by the bill, the commission will convert that license to a small-scale casino facility license. A total of not more than four small-scale casino facility licenses and staged casino facility licenses could be issued by the commission at the same time. The bill also provides that the holder of either type of license would deposit an amount equal to 5% of gross revenues into a fund administered by the State Treasurer. Funds deposited by the holder of a staged casino facility license would be made available to the licensee for the purpose of expanding the facility. Funds deposited by the holder of a small-scale casino facility license would be made available to the licensee for the purpose of expanding the number of qualified sleeping units at the facility. Funds that are not used for these purposes, after a period of time to be determined by the commission, would be expended for the purpose of funding infrastructure improvements in Atlantic City or made available for low interest loans to expand existing casinos.
AI Summary
This bill establishes two new types of casino licenses, a "small-scale casino facility license" and a "staged casino facility license," to be issued by the Casino Control Commission, a regulatory body overseeing casinos. These licenses are intended for new construction located within or adjacent to the Boardwalk casino zone, originating on the beach block but potentially extending across the street. A small-scale casino can have up to 24,000 square feet of casino space and must include at least 200 hotel rooms, known as "qualified sleeping units." A staged casino facility initially has up to 34,000 square feet of casino space and at least 200 sleeping units, but the licensee must begin expanding within two years to reach a total of 500 sleeping units within five years. If the expansion isn't completed, the staged license will be converted to a small-scale license. The commission can issue a maximum of two such licenses at a time, with at least one being a staged license. Licensees must deposit 5% of their gross revenues annually into a special fund administered by the State Treasurer; funds for staged facilities are for expansion, and for small-scale facilities, they are for increasing sleeping units. Any unused funds after five years will go towards infrastructure improvements in Atlantic City or low-interest loans for existing casinos, with specific limits on how much the city and casinos can receive and requirements that these funds be used for capital improvements in the Boardwalk casino zone. The bill also allows for increased casino space if special amenities, such as convention space or entertainment venues, are developed, with specific definitions for what constitutes a special amenity. Both types of facilities must also maintain a superior hotel, a first-class restaurant, and an entertainment venue, subject to commission approval.
Committee Categories
Business and Industry, Government Affairs
Sponsors (11)
John Amodeo (R)*,
John Burzichelli (D)*,
Joseph Kyrillos (R)*,
Paul Moriarty (D)*,
Jim Whelan (D)*,
Craig Coughlin (D),
Thomas Giblin (D),
Robert Gordon (D),
Raymond Lesniak (D),
Vince Polistina (R),
Annette Quijano (D),
Last Action
Approved P.L.2010, c.115. (on 01/05/2011)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| Reprint | https://www.njleg.state.nj.us/2010/Bills/S2000/1866_R3.HTM | 05/29/2012 |
| Reprint | https://www.njleg.state.nj.us/2010/Bills/S2000/1866_R1.HTM | 05/29/2012 |
| Reprint | https://www.njleg.state.nj.us/2010/Bills/S2000/1866_R2.HTM | 05/29/2012 |
| Bill | https://www.njleg.state.nj.us/2010/Bills/S2000/1866_I1.HTM | 05/28/2012 |
| Advance Law | https://www.njleg.state.nj.us/2010/Bills/AL10/115_.HTM | 04/23/2012 |
| Pamphlet Law | https://www.njleg.state.nj.us/2010/Bills/PL10/115_.HTM | 04/23/2012 |
| Statement SSG 5/13/10 | https://www.njleg.state.nj.us/2010/Bills/S2000/1866_S1.HTM | 04/23/2012 |
| Floor Statement Senate 9/20/10 1R | https://www.njleg.state.nj.us/2010/Bills/S2000/1866_S2.HTM | 04/23/2012 |
| Statement ARG 11/8/10 | https://www.njleg.state.nj.us/2010/Bills/S2000/1866_S3.HTM | 04/23/2012 |
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