Business Report: Reducing NJ debt, Jersey City workers, selling stake in casino | Video - NJ Spotlight

Business groups want New Jersey to use some of the new federal relief funds to pay down debtNew Jersey business groups say that when using new federal relief funds, the state should prioritize getting rid of debt with high interest rates.

The New Jersey Business & Industry Association also wants $500 million set aside for business grants and loans.

The owner of Atlantic City’s Ocean Casino Resort is selling a huge stake in the property.

Luxor Capital, a New York hedge fund, took ownership of the Ocean Casino Resort in January 2019.

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Published On: Tue, 06 Apr 2021 22:26:04 GMT