According to reports, Sean Pattwell will be leaving the CRDA.
According to reports from ROI-NJ, a news source for New Jersey, it is speculated that Sean Pattwell, the executive director of the New Jersey Casino Reinvestment Development Authority, is getting ready to step down from his role. Sources suggest that his resignation may happen in the near future.
ROI-NJ received communication from three individuals regarding the issue, all of whom wished to remain unidentified due to the confidential nature of the details.
Based on the reports, it is possible that Pattwell will depart by the end of this year. However, none of the sources who reached out to ROI-NJ were able to give a specific date. Those familiar with the situation were unable to confirm Pattwell’s next move, but mentioned that he plans to explore other options.
On April 1 of last year, Pattwell became a member of the New Jersey Casino Reinvestment Development Authority, taking over for Matt Doherty as the executive director. Prior to this role, he worked in the insurance field and held the position of co-CEO at Herbert L. Jamison. Additionally, he was the original chairperson at Grosvenor Brokers.
Based on the report from the news source, those knowledgeable about the situation have proposed that Pattwell may go back to working in the private industry. They also informed ROI-NJ that the New Jersey Casino Reinvestment Development Authority is actively searching for Pattwell’s replacement.
Currently, the matter is being discussed by the authority and they are weighing their options. ROI-NJ has determined that Governor Phil Murphy will ultimately appoint Pattwell’s successor.
The casino industry in New Jersey continues to thrive.
Regarding New Jersey, a recent publication released by the Division of Gaming Enforcement (DGE) showcased the expansion of the nearby casino sector. As reported by the governing body, the earnings from gambling in October rose to $487.1 million, indicating a 9.3% increase from the previous year.
Year-to-date revenue was also strong, demonstrating the resilience and momentum of the local gambling sector. Casino gaming continued to be the main revenue stream and was responsible for almost half of the total revenue.
Last week, the regulator of gambling in the Garden State mandated that operators give back $77,000 to individuals who were under the legal age to gamble or had previously self-excluded themselves.
Currently, there are ongoing discussions in New Jersey regarding the use of tobacco at Atlantic City’s casinos. Some people are pushing to review previous laws that allow casinos to be exempt from the ban on indoor smoking, citing concerns for the health of casino employees. On the other hand, casino businesses are hesitant about this proposal as they believe it could negatively impact their earnings.
