Anti-casino license ‘warehousing’ bill advances in US

A proposed measure that will prevent the manipulation of bankruptcy law and gaming licensing is finally getting steam in the U.S. Senate.

Press of Atlantic City reported that the New Jersey’s Senate Budget and Appropriation Committee has approved a bill that would disqualify a casino license applicant for five years if that person “substantially” closes a casino in the state.  The bill now goes to full Senate for a vote.

Senate President Stephen Sweeney and Deputy Speaker John Burzichelli, both D-Salem, Gloucester, Cumberland sponsored the bill, which aims to amend existing law that gives gaming regulators the responsibility to require license holders to abide by certain standards.

In his earlier interviews, Sweeney pointed out that the bill was introduced to the Senate to calm the public over the possibility that the beleaguered Trump Taj Mahal Casino Resort will close and “warehouse” the license, or reopen the casino with reduced wages for workers.