Caesars Bid For NJ Casino Could Harm Competition, Sen. Says

Law360, San Francisco (January 31, 2014, 6:34 PM EST) -- A New Jersey state senator on Friday opposed Caesars Entertainment Corp.'s rumored interest in buying Atlantic City's Revel Casino, saying it would be bad for the gambling mecca and violate state casino laws aimed at preventing a monopoly.

Reports began circulating this week that the Las Vegas gambling giant may make a play for the struggling Atlantic City casino. But a provision of New Jersey's Casino Control Act prohibits the state from issuing anyone a casino license if doing so would result in that entity assuming an “undue...
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