State Senate president Steve Sweeney refused to back off his demands on ownership of two casinos proposed for northern New Jersey as serious differences remained Thursday between competing plans for a statewide referendum on the topic.
Gov. Chris Christie on Monday vetoed most of a package of bills aimed at helping Atlantic City and its struggling casino industry and proposed that the state hold $30 million a year in casino tax payments hostage until after the city passes a fiscal recovery plan.
MGM Resorts International plans to spin off part of its casino-resort real estate into a separate company that will lease the properties back to MGM to boost value for shareholders and give both companies more flexibility to grow.
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