NJ sport bets over $1B again; casinos lag pre-pandemic level
New Jersey’s robust sports betting market broke the $1 billion mark for the sixth time last month in terms of the amount of bets taken. But the news was bad in March for seven of the nine casinos that continued to lag behind their in-person gambling revenue levels from before the coronavirus pandemic hit, according […]
NJBC strong support for S-733 (Madden, Singleton)/A-2152 (Greenwald)
NJBC announced on behalf of the state’s business community, we are writing to express our strong support for S-733 (Madden, Singleton)/A-2152 (Greenwald) as it addresses three desperately needed fixes for our unemployment insurance (UI) payroll tax increase and the UI Trust Fund that is funded by that tax. This bill and the three changes it […]
Solving worker shortage — key issue at NJ Chamber summit
It’s considered one of the largest business events in the state — the New Jersey Chamber of Commerce annual summit in Atlantic City. Set against the backdrop of a city still recovering from pandemic losses, business and government leaders gathered this week to discuss major issues, including how a worker shortage is plaguing the state, […]
New Stockton program hopes to help casino employment struggles
Despite casino revenue showing signs of recovery from the worst of the COVID-19 pandemic, the industry’s workforce is still lagging as the busy season quickly approaches and properties scramble to fill positions. As of February, the New Jersey Division of Gaming Enforcement Employment Report shows casinos still have not returned to pre-pandemic employment levels with […]
Egg Harbor Township PAL to launch new observatory in June
People at the Police Activities League on Ridge Avenue will soon be able to get a closer look at the stars. Set to debut June 11, Buddy’s Observatory will be home to an 8-foot ash dome and a 14-inch Celestron telescope. Unique to South Jersey, the observatory will be open year-round to the public, schools […]
N.J. tax revenues are shockingly high as we’re slammed by inflation. Here’s what’s behind it all
New Jersey tax revenues have taken a wild ride over the past two years, and collections for the state’s major taxes are reaching historic highs. Gov. Phil Murphy’s administration says it expects to collect nearly $47 billion in taxes for the current fiscal year that ends June 30. That is nearly $5 billion above initial estimates last summer and […]