ࡱ> <>=y bjbj 4({{ 2ZZZZZnnn8<n.f$FNZZZFZZ?IR0..Z. :  CASINO REVENUE FUND ADVISORY COMMISSION REGULAR MEETING ON January 27, 2012 MINUTES OF MEETING The regular monthly meeting of the Casino Revenue Fund Advisory Commission was held on Friday, January 27, 2012 at the State House Annex. Those in attendance were: James Thebery, Chair Enid Torok, Vice Chair Joseph Tyrrell, Secretary Kay Nest, Fort Lee P.A. Michele Leblanc, for David Rosen Support Staff: Steve Xenakis, OMB Judy Moore, Dept. of Treasury Debbie Brodtman for Pat Maguire, Dept. of Treasury Guest: Tim Sharpe, NJ Transit The meeting was called to order by James Thebery at 10:45 am, followed by Flag salute led by Enid Torok. James Thebery welcomed commission members and guests to the meeting and thank them for attending. Minutes New officers for 2012 were approved by Commission James Thebery Chairman, Enid Torok, Vice Chair Joseph Tyrrell, Secretary Copies were given out by Chairman Thebery and Steve Xenakis Enid Torok and James Thebery spoke about the meeting Ms.Torok had on January 20, 2012 with Senator Lesniak and the comments made by Senators Sweeney and Whalen . Chairman Thebery read the paper on Clarification and Update on Internet Wagering. Comments made by Joseph Tyrell, Secretary, on Internet Wagering. Need to be careful who comes into business with internet gambling. Need safe guards very important. Governor is pushing more for poker gambling - better controls and regulations and thats important for internet gambling. Need to be responsible and aware of regulatory issues when writing the bill. Open discussions with Enid Torok, Chairman Thebery and Joe Tyrell regarding the FDU poll findings. Chairman Thebery read the letter to the NJ Casino Revenue Fund Advisory Commission from William J. Pascrell, III representing the IMEGA (Interactive Media Entertainment Gaming Assoc) regarding the Importance of NJ immediately passing Senator Lesniakss intra state internet gaming act. Small discussion regarding the 10% GGR (Gross Gambling Tax Revenue) this was in the letter. Update on the Atlantic City Alliance by Joe Tyrell. Liza Cartmell is the CEO . There are six Members, five voting and one nonvoting members. Liza is looking to revamp Atlantic City. Liza is exploring new marketing strategies like golf outings, wedding, conventions, outside cafes, expansion of boardwalk which would help generate new customers to come into Atlantic City locally and from out of town. Steve Xenakis reviewed his report Revenue Estimate for Legalization of Online Gaming in N.J. Estimated umbers were generated from the Consulting Firm Econsult, Corporation in Philadelphia, PA. Chairman Thebery asked for a motion to adjourn, Enid Torok made a motion and Kay Nest second the motion. 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TitleH ,d_AdHocReviewCycleID_NewReviewCycle_EmailSubject _AuthorEmail_AuthorEmailDisplayName_ReviewingToolsShownOnce_PreviousAdHocReviewCycleID BCRFAC Website updates. Steve.Xenakis@treas.state.nj.usXenakis, SteveADocumentSummaryInformation8 MsoDataStore0?0XLHOPO5RT4LWY==20?Item xmlformats.org/officeDocument/2006/bibliography"/>  F Microsoft Word 97-2003 Document MSWordDocWord.Document.89q՜.+,D՜.+,@ hp  Department of Treasury