Inside the NJ casino overhaul

As promised, I’ve taken a deeper look at the recent casino regulatory overhaul that passed the New Jersey legislature. My comments are based on version of the bill that was current as of 1/10/11. You can find it right here. First of all, the bill codifies into law the current existential angst the industry is … Read more

Inside the NJ Internet gambling law

You might not have heard, but the New Jersey legislature voted to legalize Internet gaming. The bill in question (S490) passed both houses and awaits Governor Christie’s signature. So what does it mean? The new law changes the Casino Control Act to permit Atlantic City casinos to offer gambling over the Internet to residents of … Read more

NJ to take over AC casino district

New Jersey governor Chris Christie’s Advisory Committee on New Jersey Gaming, Sports, and Entertainment has issued its report, which calls for a partial state takeover of Atlantic City. From the AC Press: But Atlantic city and state officials have naturally focused most on the governor’s plan to create a state-run portion of Atlantic City, in … Read more

Other shoe about to drop in AC?

According to a WSJ report, MGM Mirage has decided to sell its interest in the Borgata and presumably close the door on any future developments in Atlantic City: For years, New Jersey regulators have raised concerns about the suitability of casino company MGM Mirage's business partner in China. Now, MGM Mirage has an answer: cash … Read more

AC: Moving forward

A few more thoughts about Atlantic City, culled from a few Advisers to Gov. Chris Christie have called for casino regulatory reform, a public-private Atlantic City marketing initiative and possible state intervention in city government as ways to save New Jersey’s casino industry from competition and its “failed” business model. On Friday, Christie released 19 … Read more

Sayre says sports betting to grow

Here’s the word from a member of Nevada’s Gaming Control Board: look for competition in legal sports betting. From the LV Sun: Nevada will face competition for race and sports books, a state gaming regulator predicts.“The most pent-up demand is for sports wagering,” state Gaming Control Board member Randall Sayre told more than 60 lawyers … Read more