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Date Posted: 09:11:31 02/11/03 Tue
Author: copied from STAR-LEDGER
Subject: FROM TODAY'S STAR LEDGER


Lawmaker says McGreevey's gambling plans 'will not pass'



Tuesday, February 11, 2003





Atlantic City's leading legislative casino advocate told investors yesterday that Gov. James E. McGreevey's plans to raise casino taxes and put slot-like gambling machines at the Meadowlands Racetrack are "dead."

"Every one of the governor's (casino) proposals will not pass," Sen. Bill Gormley (R-Atlantic) said. "I just want to lead off on that so investors know that."

The investor conference call was hosted by Marc Falcone, managing director of Deutsche Bank Securities, to discuss McGreevey's proposals to raise the casino revenue tax from 8 to 10 percent, impose a tax on casino complimentaries and install video lottery terminals -- or VLTs -- at the Meadowlands.

Gormley said McGreevey was trying to use the tax proposals as a bargaining chip to force the casinos to accept the VLT plan, and that the governor or his aides have been calling casino executives "to offer them a trade."

"He has denied the conversations took place, but they did," Gormley said.

Gormley said the casino trade group, the Casino Association, is preparing a full-blown attack, including mobilizing the industry's 50,000 employees, an advertising blitz and a series of newspaper editorial board meetings. The association also has hired a lobbyist, the Marcus Group.

Dennis Gomes, the association's president, said the group has not formalized a budget to fight McGreevey's proposals, but said "it's going to be significant."

-- Judy DeHaven

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