Fireman Favors ‘Free Market’ Casino Expansion

Paul Fireman, chairman of Fireman Capital Partners, issued a statement earlier today amid the north-south firefighting over casinoJerseyCitySkyline expansion.

There are two bills: a bill by Assembly Speaker Vincent Prieto (D-32) and a bill by Senate President Steve Sweeney (D-3). Sweeney’s bill offers more targeted opportunities for North Jersey casino revenues to bulk up Atlantic City’s flagging fortunes.

Both ballot questions that the competing bills would enable posit the creation of two northern casinos.

Fireman wants one in Jersey City, where the mayor is aligned with Prieto against Sweeney.

“A world class resort and casino in northern New Jersey will serve as a regional, national and international destination, drawing guests from across the nation’s largest media market and around the globe,” said Fireman in a statement. “A project that brings high-quality entertainment, gaming, restaurants and hospitality to Jersey City will also bring thousands of construction jobs, thousands of high-paying permanent jobs, as well as thousands of indirect jobs.

“The jobs creation coupled with the new revenue for the state make this legislation of paramount importance for New Jersey. We support any legislative solution that paves the way for a robust, free-market driven casino licensing process, and creates investment and job-creation opportunities, for the state. We hope that as the process continues and conversations reach a head, a meaningful and well thought out plan can be crafted to achieve these goals and satisfy the needs of all parties involved.”

Fireman Favors ‘Free Market’ Casino Expansion