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Racetrack Slots Get New Focus in New Jersey

TRENTON, New Jersey – As reported by the Press of Atlantic City: "Examining the addition of slot machines at state racetracks would be top priority for a newly proposed Senate committee that would oversee legislation involving the state's casino, horse-racing and tourism industries.

"Senate President Richard Codey, D-Essex, a longtime advocate for the horse-racing industry, proposed the formation of the Wagering, Tourism and Historic Preservation Committee on Tuesday.

"…The announcement comes as the state continues to broker an agreement for a casino-funded bailout plan to save horse racing in the state without installing racetrack slots.

"…Racetrack supporters blame competition from New Jersey's casino industry for a decline in horse racing revenue and claim the industry will go under if competing states add video lottery terminals at racetracks and New Jersey does not.

"Casino operators argue that Video Lottery Terminals, or VLT's, would damage Atlantic City's $4.5 billion casino industry; yet they were careful Tuesday to avoid criticizing Codey…"

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