N.J. bill would permit smaller Atlantic City hotel-casinos

03/24/2010 | Philadelphia Inquirer, The · Reuters

New Jersey State Sen. Jim Whelan has proposed changing state law to permit smaller casino hotels -- a move to encourage development in a down economy. The bill he is sponsoring would reduce the room requirement from 500 to 200 and trim the required casino square footage by two thirds, to 20,000 square feet. A developer has already taken the bait: Och-Ziff Real Estate wants to build a $300 million Hard Rock Casino Hotel next to the Atlantic City Hilton, and the project fits the new, smaller profile.

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Philadelphia Inquirer, The · Reuters

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