Monday, September 8, 2014

Gov. Christie greenlights sports betting



New Jersey Gov. Chris Christie issued a directive Monday allowing his state’s casinos and racetracks to immediately offer sports betting without fear of criminal or civil liability.


But his action is likely to be challenged in court by the professional and collegiate sports leagues that fought New Jersey’s efforts to overturn a ban on sports betting in all but four states.


That effort ended with the U.S. Supreme Court declining to hear the case.


The governor says he took his cue from previous federal court rulings that found that nothing in New Jersey law prohibits the casinos and horse racing tracks from offering sports betting.


Christie says they can start offering it today, if they like.


This development came just as Christie convenes a summit on the future of Atlantic City.


Political, business and labor leaders on Monday will discuss the city’s changing landscape as the casino industry suffers from competition from neighboring states.


Atlantic City started the year with 12 casinos, but will have eight remaining before fall and almost 8,000 people will be out of work.


Christie says there are signs of economic progress outside of gaming. The city hosted two free concerts on the beach and an air show this summer.


But Atlantic City’s 11 casinos took in 11 percent less from gamblers in July than they did a year ago.

The summit is slated to last 90 minutes.





Yahoo Local News – New York Post




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