{"id":25119,"date":"2014-10-06T07:00:13","date_gmt":"2014-10-06T14:00:13","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=25119"},"modified":"2014-10-05T18:43:07","modified_gmt":"2014-10-06T01:43:07","slug":"sheldon-adelson-considers-making-nj-casino-sows-ear","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/sheldon-adelson-considers-making-nj-casino-sows-ear\/","title":{"rendered":"Sheldon Adelson Considers Making NJ Casino Out of Sow’s Ear"},"content":{"rendered":"
\"Sheldon
Adelson believes that a North Jersey casino would provide a good return on capital, provided it was the only licensee in the area. (Image: businessweek.com)<\/figcaption><\/figure>\n

Sheldon Adelson would consider building a North New Jersey casino should the state go ahead with proposed plans to expand gaming there, the mogul told the Global Gaming Expo (G2E) audience in Las Vegas last week. Adelson says this, despite having less than fond memories of Secaucus when he was stationed across the water during his Army days.<\/p>\n

Taking a quick break from railing against the evils of online gambling, the Las Vegas Sands chairman recalled with a shudder how, as a young man serving in the US Army on Governors Island in New York City, it used to \u201crain the odor of pig farms\u201d from the Meadowlands.<\/p>\n

\u201cI could smell Secaucus from Governor\u2019s Island,\u201d he complained. \u201cWe don\u2019t have that anymore, so that would be a very attractive place to build.\u201d<\/p>\n

Ill Winds<\/h2>\n

Adelson\u2019s previous resistance to entering the New Jersey market has had little to do with that ill-wind of porcine pungency, however, and everything to do with his ability to predict industry trends, or so he claims. As he told the assembled G2E<\/a> crowd, he always anticipated that the market would become saturated as New Jersey\u2019s neighbors began to legalize casino gambling.<\/p>\n

“It was my conviction that, someday, the abutting states were going to legalize gaming and suck out all the business that Atlantic City was taking from adjacent states,” he said, and his decision to build casino resorts in Macau rather than Atlantic City over the last ten years perhaps bears this out.<\/p>\n

However, the idea of New Jersey breaking the Atlantic City monopoly and creating one casino license in the north in order to lure in legions of New Yorkers, as has been proposed, has clearly piqued Adelson\u2019s interest, provided that is indeed limited to just one license.<\/p>\n

Double-Edged Sword<\/h2>\n

“I haven’t thought about that, and nobody has brought it up to me before,\u201d he said when the question was posed. \u201cBut I don’t think I’d have to think twice about it. If they put several [other new casinos in North Jersey], then I’d have to think twice.”<\/p><\/blockquote>\n

State Senate President Stephen Sweeney<\/a> said recently that he was open to allowing voters\u00a0to decide whether to allow for a north Jersey casino, while Governor Chris Christie, although initially reluctant, has said that the idea remains “on the table.\u201d Senator Raymond Lesniak, meanwhile, has said that the expansion is inevitable. If this is the case, then Meadowlands, the former pig-farming capital of New Jersey, is thought to be the natural location.<\/p>\n

Adelson, however, warned against the short-term\u00a0outlook of the recent spate of casino expansion in the tri-state area, and the idea that casino-building is a solution to economic ills. \u201cLook, it\u2019s a two-edged sword,\u201d he said. \u201cIf you go in there and spend a lot of money, then you may wake up one day and Governor Cuomo or whoever is governor or mayor of New York City will say, \u2018Look, they\u2019re taking all the New Yorkers\u2019 money and they\u2019re sucking it up in that casino in the Meadowlands. So we\u2019ve got to open one up, and keep the money in New York.\u2019 \u201d<\/p>\n

A Meadowlands casino might provide a good return on capital for five or six years, Adelson suggested, but there is no guarantee that it would last forever.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sheldon Adelson would consider building a North New Jersey casino should the state go ahead with proposed plans to expand gaming there, the mogul told the Global Gaming Expo (G2E) audience in Las Vegas last week. Adelson says this, despite having less than fond memories of Secaucus when he was stationed across the water during […]<\/p>\n","protected":false},"author":42,"featured_media":25126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,1],"tags":[],"acf":[],"yoast_head":"\nSheldon Adelson Considers Making NJ Casino Out of Sow's Ear<\/title>\n<meta name=\"description\" content=\"Sheldon Adelson might build a casino in North New Jersey, despite harrowing recollection of pig-farm odors from his Army days.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sheldon Adelson Considers Making NJ Casino Out of Sow's Ear\" \/>\n<meta property=\"og:description\" content=\"Sheldon Adelson might build a casino in North New Jersey, despite harrowing recollection of pig-farm odors from his Army days.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/sheldon-adelson-considers-making-nj-casino-sows-ear\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-06T14:00:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-10-06T01:43:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2014\/10\/Sheldon-Adelson-North-Jersey-casino.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"630\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-considers-making-nj-casino-sows-ear\/\",\"url\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-considers-making-nj-casino-sows-ear\/\",\"name\":\"Sheldon Adelson Considers Making NJ Casino Out of Sow's Ear\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-considers-making-nj-casino-sows-ear\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-considers-making-nj-casino-sows-ear\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2014\/10\/Sheldon-Adelson-North-Jersey-casino.jpg\",\"datePublished\":\"2014-10-06T14:00:13+00:00\",\"dateModified\":\"2014-10-06T01:43:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Sheldon Adelson might build a casino in North New Jersey, despite harrowing recollection of pig-farm odors from his Army days.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-considers-making-nj-casino-sows-ear\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/sheldon-adelson-considers-making-nj-casino-sows-ear\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-considers-making-nj-casino-sows-ear\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2014\/10\/Sheldon-Adelson-North-Jersey-casino.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2014\/10\/Sheldon-Adelson-North-Jersey-casino.jpg\",\"width\":630,\"height\":420,\"caption\":\"Adelson believes that a North Jersey casino would provide a good return on capital, provided it was the only licensee in the area. 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