\u201cThe Atlantic City economic stimulus and relief bills are critical to ensure our industry and its thousands of employees have a path forward once we are through this pandemic,\u201d Callender said in the statement.<\/p>\n
\u201cThe COVID-19 pandemic is the greatest health threat of our lifetime,\u201d Callender added. \u201cThis crisis has caused an unimaginable loss of life and devastated our state and local economy.\u201d<\/p>\n
He predicts that \u201cOnce we reopen and start to recover, we know that there is a long road ahead of us and our employees.<\/p>\n
This legislation will help stabilize this vital industry, support the safe reopening of our proprieties, and help us welcome back employees and guests as soon as New Jersey\u2019s stay-at-home order is lifted,\u201d Callender added. \u201cThis legislation will also help us resume our purchases from New Jersey vendors, as well as the tax payments that are based on casino revenue and employment.\u201d<\/p><\/blockquote>\n
He emphasized, too, how the gaming industry made significant contributions to state and local economies.<\/p>\n
\u201cUntil the recent closure of our casinos, the New Jersey casino industry directly employed over 26,000 people, hosted more than 25 million annual visitors, and in 2019, paid nearly $500 million in local, county, and state taxes,\u201d Callender said. New Jersey\u2019s casino industry\u2019s annual taxes to state and local governments is over $1 billion, and its total economic impact across the state of New Jersey is $6.45 billion, according to American Gaming Association data.<\/p>\n
\u201cWe are proud of our track record of giving back to the communities we serve,\u201d Callender said. \u201cWe are invested in our city, which is why all of our casinos have been making donations to local organizations.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Atlantic City\u2019s nine casinos stand to benefit from bills that were introduced this week in the New Jersey Assembly that provide gaming businesses with limited loans and tax credits in response to the coronavirus-linked downturn. The state\u2019s gaming venues were shuttered on March 16. Previously, Atlantic City\u2019s casinos reported 21 straight months of gross gaming […]<\/p>\n","protected":false},"author":44,"featured_media":134993,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"acf":[],"yoast_head":"\n
New Jersey Casinos Could Get Restricted Tax Breaks, Loans<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n