Atlantic City has succeeded in blocking all gambling expansion efforts in New Jersey until this year when the collapse of four casinos built almost unstoppable momentum for new gaming operations in other parts of the Garden State.
The first ever management agreement between a U.S. state lottery and a private company is to end in divorce less than four years into a ten-year contract, raising doubts over the viability of the new operating model.
Texas remains a mirage in the desert for the casino industry and odd political alliances forged by this year’s governor’s race are likely to make the Lone Star State an elusive market for a long time to come.
The attorney who helped George W. Bush become President but could not help New Jersey overturn a federal sports-betting ban says other states are likely to challenge that ban in an attempt to penetrate a $500bn black market.
The last door may have closed on New Jersey’s attempt to legalize sports betting after Governor Chris Christie on Friday vetoed a bill that would have allowed racetracks and Atlantic City casinos to regulate wagers on National Football League games and other sporting events.
The race between Florida Governor Rick Scott and former Governor Charlie Crist promises to be a nail-biter, and the winner will face the formidable task of negotiating a new gaming compact with the Seminole Tribe by next year’s deadline of August 1.
The Republican leader of the New Jersey Assembly is opposed to casino expansion outside Atlantic City despite the willingness of the state’s top Republican, Governor Chris Christie, to consider gambling operations in the northern part of the state.
The U.S. Department of Justice on Wednesday said it has not taken a position on a letter sent to Attorney General Eric Holder by three U.S. senators seeking support in passing an Internet gambling ban this year.