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Atlantic City casinos may get property tax break

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Ocean Casino Resort in Atlantic City, N.J. (Courtesy of Ocean Casino Resort) (Courtesy of Ocean Casino Resort)ATLANTIC CITY, N.J. (AP) - New Jersey lawmakers are proposing financial relief for Atlantic City's casinos to help them continue to recover from the coronavirus pandemic by exempting two of the industry's fastest-growing revenue streams from calculations on how much the casinos should pay the city.It would reduce payments for some casinos, including the Borgata, while imposing higher payments onto others, including Hard Rock.The bill, which was advanced Monday morning by a state Senate committee, is a renewal of a measure requiring the casinos to make payments in lieu of taxes to Atlantic City that was first enacted five years ago,.

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