NJ watering down ’boutique’ casino law

New Jersey isn’t giving up on its effort to attract small new casinos to Atlantic City.

The state legislature plans to water down the requirements of a 2011 law designed to attract developers willing to build new, smaller and less costly casinos with as few as 200 hotel rooms.

A bill to be debated Thursday by a state Senate committee removes the requirement that one of the two projects eventually expand to 500 rooms.

And it also removes a requirement that they be new construction.

The new bill would let casinos be established in existing buildings.

No one has built one of the new casinos since Gov. Chris Christie signed the bill in Jan. 2011.

Hard Rock proposed one but pulled out soon afterward.

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