Atlantic City casinos oppose sports, Internet betting proposalsBy Wayne Parry, AP
Friday, June 11, 2010
AC casinos oppose sports, Internet betting
ATLANTIC CITY, N.J. — Atlantic City’s 11 casinos have come out against proposals to allow them to offer betting on sports and access to online gambling.
The Casino Association of New Jersey says the proposed state legislation would violate existing federal bans on sports and online betting. The group also says the plans would primarily benefit offshore gambling websites, not New Jersey’s casinos.
Association president Joe Corbo says the proposals would hurt the casinos by further expanding legalized gambling beyond Atlantic City and the state’s racetracks.
The nation’s second-largest gambling market is struggling with growing competition and a continued poor economy. Its casinos’ May revenue was down 9 percent from a year ago.
Tags: Atlantic City, New Jersey, North America, Sports, Sports Betting, Sports Business, United States