New Jersey pols reach compromise on north Jersey casino plans

New Jersey legislators have reached a compromise deal to pursue two new casinos in the northern part of the state.

On Monday, Gov. Chris Christie, State Senate President Stephen Sweeney and Assembly Speaker Vincent Prieto held a press conference to announce they’d reached a deal on how to resolve two competing pieces of legislation to open up the state’s casino market outside Atlantic City.

Christie told reporters that “nobody here is getting exactly what they wanted or what they asked for,” but it appears Sweeney is getting more than Prieto.

Sweeney’s plan calls for existing Atlantic City casino operators to hold a 51% stake in each of the new casinos, while Prieto wanted at least one casino to be wholly owned by an operator with no ties to AC.