Vol. 7 No. 10, October 2008, Nutshell
New Jersey Casinos and the State’s Racetrack Industry Finalized an Agreement
On August 13, New Jersey casinos and the state’s racetrack industry finalized an agreement requiring the casinos to pay $90 million over the next three years in exchange for a moratorium on racinos. It follows a previous four-year, $86 million agreement that helps keep the tracks afloat while staving off more competition for Atlantic City.
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