Hard Rock, racetrack propose casino at Meadowlands

Hard Rock International and the Meadowlands Racetrack are proposing a casino at the Meadowlands, which experts say could be one of the most successful in

Hard Rock International wants to put a new casino at the Meadowlands.

Hard Rock International wants to put a new casino at the Meadowlands. (5/27/15)

EAST RUTHERFORD - Hard Rock International and the Meadowlands Racetrack are proposing a casino at the Meadowlands, which experts say could be one of the most successful in the country.

The project, that will be unveiled next week, could generate $500 million in tax revenue for the state. It could also provide a new source of cash for Atlantic City's struggling casinos, which have fought the proposal as it has been floated and debated in recent years.

Jim Kirkos with the Meadowland Chamber of Commerce says many people come to MetLife Stadium and the surrounding area to attend many high profile events, so the casino could really be an attraction.

"Visitors that come for those types of events, they want more things to do here," he says. "Creating more entertainment options is in everyone's best interest."

Meadowlands Racing Chairman Jeff Gural says the casino would pay a 55 percent tax rate on winnings. Atlantic City's casinos pay 8 percent.

But before it could happen, New Jersey's Constitution would have to be amended in a statewide vote.

Four of Atlantic City's 12 casinos closed last year, and gambling revenue has been falling steadily for eight years.

News 12 New Jersey reached out to Hard Rock International, but a spokesperson says the company's executives were traveling and would not be able to comment.

The Associated Press wire services contributed to this report.

advertisement | advertise on News 12

Trending Video

Monmouth County officials continue to search for missing 1 Officials continue to search for missing 19-year-old
Police in Asbury Park calling for cease fire 2 Police in Asbury Park call for cease-fire after shootings
A 2-year-old boy was killed when his aunt 3 Police: 2-year-old killed when aunt backs car into him
VIDEO: Shoppers brave the cold for holiday deals 4 VIDEO: Shoppers brave the cold for holiday deals
Fatal shooting marks 10th 2016 murder in Plainfield 5 Fatal shooting marks 10th 2016 murder in Plainfield

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE