Finally, OFI is responsible for projecting casino-related tax revenues in conjunction with the New Jersey State Budget. OFI also undertakes statistical analyses of the data to evaluate the financial position, operating performance and trends of the gaming industry within the State. In addition, OFI oversees the financial reporting requirements of the casino industry, including the preparation of industry statistics that form the basis of monthly and quarterly press releases. OFI also evaluates and investigates the impact of complex financial transactions, including mergers and acquisitions, bankruptcy reorganizations, recapitalizations, spin-offs, expansions, and major debt issuances. Within Casino Licensing is the DGE’s Office of Financial Investigations (OFI). OFI monitors and assesses the ongoing financial stability and integrity of casinos, casino license applicants, and their intermediary and holding companies. In addition, the legal unit reports to and litigates before the Commission violations of the Act or regulations whenever necessary. The Bureau’s legal unit reports to the Casino Control Commission initially on a casino applicant regarding the results of its investigation and as mandated, thereafter, in conjunction with each casino licensee’s renewal.

The Bureau accomplishes this mission by investigating and monitoring business transactions of the applicant or licensee and related companies conducting investigations of each officer, director, principal employee, financial backer or significant investor and examining the background of the casino company and its affiliated entities. The Casino Licensing Bureau assures that each applicant for, and holder of, a casino license and every affiliated company, officer, director, principal employee, financial backer and investor meets the standards of financial responsibility, honesty, integrity and good character as mandated by the Casino Control Act. The DGE conducts all licensing investigations.ĭivision of Gaming Enforcement’s Licensing Forms Licenses are required of casino owners and operators, casino employees, and companies that do business with casinos in order to ensure that those involved with this industry meet the statutory requirements of good character, honesty and integrity and to keep the New Jersey casino industry free from organized crime. Licensure is the cornerstone of the regulatory system.

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