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Murphy could hold sports betting bill as a chip to play in budget negotiations

The William Hill Sports Race & Sports Book at Monmouth Park in Oceanport, New Jersey. Photo By Bill Denver/EQUI-PHOTO.

Dennis Drazin and his partners at Monmouth Park were ready to accept sports bets on Memorial Day weekend.  They wisely didn’t after Senate President Steve Sweeney announced he was inserting a provision in the state legislation regulating sports betting that would prohibit anyone who took bets before the regulations were passed from getting a license.

Sweeney was looking out for the Atlantic City Casinos who weren’t ready to take bets yet.   In the meantime, Delaware passed their spots betting regulations and bets will start being taken there today.  New Jersey loses out again.

What was considered a two or three week delay while legislation was passed now threatens to deprive New Jersey’s racetracks and casinos of sports betting revenue, and the related jobs, for a third or more of their summer season.  According to a report on Politico, Governor Murphy is prepared to hold the sports betting bill as a chip to play as he negotiates his first state budget with the more moderate Sweeney and Assembly Speaker Craig Coughlin.

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Posted: June 5th, 2018 | Author: | Filed under: Atlantic City, Horse Racing Industry, Monmouth County News, Monmouth Park, New Jersey, Opinion | Tags: , , , , , , , , , , , , | 2 Comments »

Doherty gets top job at Casino Reinvestment Development Authority

Belmar Mayor Matt Doherty has been promoted to the top position at the Casino Reinvestment Development Authority, just two weeks after he secured the second in command position at the Atlantic City agency, according to a report at NewJerseyGlobe. Read the rest of this entry »

Posted: March 20th, 2018 | Author: | Filed under: Atlantic City, Belmar, Matt Doherty, Monmouth County News, New Jersey | Tags: , , , , , , , | 1 Comment »

Moody’s: Atlantic City faces big trouble without state takeover

assetContent (74)TRENTON — A Wall Street credit rating agency suggested in a report Wednesday that Atlantic City would face significant financial shortfalls without the state taking over large swaths of the city’s local government. Moody’s Investor Services released the report a day before the state Legislature begins considering two measures aimed at helping the Jersey Shore gambling… Read the rest of this entry »

Posted: March 10th, 2016 | Author: | Filed under: Atlantic City, News | Tags: , , | 1 Comment »

Christie announces deal for state to oversee Atlantic City finances

assetContent (53)TRENTON — Avoiding possible bankruptcy and hostile state takeover of a once-glittering gambling resort town, top political leaders and the Atlantic City mayor Tuesday announced a compact to repair the city’s finances. The arrangement stops short of the kind of intervention the Democratic state Senate president was seeking and the bankruptcy Mayor Don Guardian threatened to… Read the rest of this entry »

Posted: January 26th, 2016 | Author: | Filed under: Atlantic City, New Jersey | Tags: , , | 1 Comment »

Wall Street painting a dire future for Atlantic City

assetContent (1)TRENTON — For the second time in four days, a Wall Street credit rating agency has painted a dire outlook for Atlantic City. Moody’s Investors Service said in a report Monday that Gov. Chris Christie’s recent rejection of a financial aid package leaves the Jersey Shore gambling resort likely to default on debt services as early… Read the rest of this entry »

Posted: January 25th, 2016 | Author: | Filed under: Atlantic City, Chris Christie | Tags: , , , , | 2 Comments »

What does Moody’s think about north Jersey casinos and Atlantic City?

assetContentTRENTON — A Wall Street rating agency said Tuesday a plan to expand casino gambling to north Jersey would be “bad news” for Atlantic City and could cause more casinos to close in the Jersey Shore resort. The report by Moody’s Investor Services came on the same day a bill was formally introduced in the state… Read the rest of this entry »

Posted: January 14th, 2016 | Author: | Filed under: Atlantic City, NJ Constitution, NJ State Legislature | Tags: , , , , , , | 1 Comment »

Tangled web surrounds United’s aborted Atlantic City routes

assetContent (70)NEW YORK — Desperate to draw visitors to Atlantic City, New Jersey officials gave United Airlines more than $100,000 in incentives to fly to the seaside resort for at least a year. Then, when United abruptly canceled the money-losing routes eight months later, the officials appointed by Gov. Chris Christie decided not to enforce a contract… Read the rest of this entry »

Posted: September 29th, 2015 | Author: | Filed under: Atlantic City, NJ DOT, Port Authority | Tags: , , , , , , , | 2 Comments »

Trump Is Gone From Atlantic City But Not Forgotten

atlantic-city-casinoNo single figure has been more associated with Atlantic City casinos than Donald Trump, now the Republican presidential frontrunner. WNYC took a trip down to Atlantic City to find out more about his history there, and his legacy. Our guide was Reuben Kramer, who covers the casino industry for The Press of Atlantic City. Reuben Kramer… Read the rest of this entry »

Posted: August 27th, 2015 | Author: | Filed under: 2016 Presidential Politics, Atlantic City, Donald Trump | Tags: , , | Comments Off on Trump Is Gone From Atlantic City But Not Forgotten

Judge: No violation to remove rest-area strip club brochures

Bare ExposureTRENTON, N.J. (AP) – A federal judge says a strip club did not have its First Amendment rights violated when its brochures were removed from New Jersey highway rest areas. P.R.B.A. Corporation, which runs the Bare Essentials club in Atlantic City sued in 2012 after an employee of HMS Host Toll Roads ordered that its brochures… Read the rest of this entry »

Posted: February 19th, 2015 | Author: | Filed under: Atlantic City | Tags: , , , , | Comments Off on Judge: No violation to remove rest-area strip club brochures

With less competition, Atlantic City casinos doing better

atlantic-city-casino
ATLANTIC CITY, N.J. (AP) – Less competition is starting to help the eight casinos that survived Atlantic City’s Great Casino Contraction of 2014. Revenue in January at the city’s remaining casinos was up nearly 19 percent compared to a year ago. And even when the four casinos that shut down during 2014 are included, Atlantic City’s… Read the rest of this entry »
Posted: February 15th, 2015 | Author: | Filed under: Atlantic City, News | Tags: | Comments Off on With less competition, Atlantic City casinos doing better