"It's a question that we have certainly raised. Ideally, if that was really what we wanted to engage in, it would require a legislative fix," Judd-Stein told reporters last week, adding that she was only speaking for herself, not the entire commission.
Bally¡¯s has the option to repurchase the land in years four through eight of the lease term. If the gaming giant doesn¡¯t achieve certain milestones, like obtaining a gaming license, or default on the lease, Oak Street may require Bally¡¯s to repurchase the land.
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New Jersey is on the verge of extending its law permitting internet gambling for another 10 years, and during Thursday's opening session of the casino conference, the state's Democratic governor, Phil Murphy, promised he would sign the bill it if passed.
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