Sweeney said he spoke with officials from the Casino Association of New Jersey and 'they painted a very clear picture' of the financial trouble they could be in if the bill is not passed.

The Associated Press reported that the bill would modify an existing law to allow casinos to make payments to Atlantic City, Atlantic County and the school system instead of property taxes. I don't want to have a situation where it's, 'I told you that place was going to close, and it closed.'' 'There are four casinos in jeopardy of closing,' Sweeney said. Sweeney, a Democrat, spoke at the state Senate's budget committee hearing Monday. He tweets segment aired on June 30, 2014.New Jersey's outgoing state Senate President Steve Sweeney said that four of Atlantic City's nine casinos could close if legislators do not pass a bill providing them with property tax breaks.

Vince Mazzeo, state assemblyman representing New Jersey's 2nd Legislative District.

Certainly if other states want to look at casino gambling, I would take baby steps and make sure you evaluate it in a way that benefits your state and you don't run into problems like Atlantic City did in the past five or six years.' Guest Now, if you can heed my warning about Atlantic City, if the market gets over saturated, of course, the economy of scales are not in your favor. It's a great tax revenue if you're making money. 'It's a saturated market right now, as far as every state is creating casino gambling. The area itself is changing because of the competition that happened.' By these casinos closing we certainly have to look at speeding it up as far as the non-gaming events, as far as the free concerts on the beach. 'For Atlantic City it means that, you know, we've been trying to focus on the non-gaming area.

On how Atlantic City will cope with the closures Here & Now's Jeremy Hobson talks to New Jersey Assemblyman Vince Mazzeo, who represents Atlantic County, about what the closures mean for Atlantic City. The news comes just six months after a third casino, The Atlantic Club, closed its doors. Showboat's parent company, Caesar's, made the official announcement Friday, just a week after another Boardwalk casino, Revel, said that it was in bankruptcy and would close in August unless it finds a buyer. The Showboat Casino in Atlantic City is closing.

What casinos closed in atlantic city