(Reuters) - New Jersey Governor Chris Christie on Monday said he helped broker an agreement between dueling Democrats on how to expand casinos beyond Atlantic City, the state's struggling gambling hub.
The agreement between Christie, state Senate President Steve Sweeney and state Assembly Speaker Vincent Prieto calls for legislation to be introduced on Tuesday that asks voters in November to allow two new casinos in northern New Jersey.
Spats between Sweeney and Prieto had intensified on Friday about the proposal, including how much revenue should be redirected to Atlantic City.
The agreement announced on Monday would give existing Atlantic City casino license holders six months to submit proposals for the new casinos. Their plans must invest at least $1 billion in each facility, officials said.
If that benchmark is not met, other casino developers could submit bids, which would also have a $1 billion investment floor.