ATLANTIC CITY, N.J. (AP) - A Wall Street firm says Internet gambling will be "a shot in the arm" for Atlantic City's 12 struggling casinos.
And a southern New Jersey lawmaker says letting people gamble from their computers or smartphones represents "the ultimate convenience gambling." Assemblyman John Burzichelli predicts Atlantic City will win back a significant part of the market that has abandoned it for options closer to home.
Gov. Chris Christie signed an Internet gambling bill into law Tuesday. It won't take effect for three to nine months.
Peggy Holloway of Moody's Investors Service says online gambling will help Atlantic City casinos, the only operations to benefit from the law, by expanding the pool of gamblers. Interstate compacts with other states that allow online betting would further extend the market.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Thursday, May 23 2013 10:17 PM EDT2013-05-24 02:17:32 GMT
New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
Thursday, May 23 2013 1:43 PM EDT2013-05-23 17:43:15 GMT
Kerry Kennedy has joined farmworkers protesting outside Wendy's shareholder meeting in Manhattan.
Kerry Kennedy has joined farmworkers protesting outside Wendy's shareholder meeting in Manhattan. The protesters said Thursday they want Wendy's to sign an agreement to safeguard working conditions for Florida tomato pickers.
Thursday, May 23 2013 11:39 AM EDT2013-05-23 15:39:41 GMT
Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.
Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.
Wednesday, May 22 2013 10:21 PM EDT2013-05-23 02:21:55 GMT
Cooking used to be as simple as putting heat to meat…but not anymore. There are all sorts of high tech gadgets designed to help make our lives simpler and tastier.
Cooking used to be as simple as putting heat to meat…but not anymore. There are all sorts of high tech gadgets designed to help make our lives simpler and tastier.
Wednesday, May 22 2013 2:35 PM EDT2013-05-22 18:35:57 GMT
When it comes to breaking through to the other side, forget Victoria's Secret. Another company, Australia-based HommeMystere, has already done it with lingerie for men.
When it comes to breaking through to the other side, forget Victoria's Secret. Another company, Australia-based HommeMystere, has already done it with lingerie for men.
Wednesday, May 22 2013 10:04 AM EDT2013-05-22 14:04:00 GMT
Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Tuesday, May 21 2013 5:25 PM EDT2013-05-21 21:25:20 GMT
Gov. Andrew Cuomo and St. Regis Mohawk tribal leaders have signed an agreement to ensure the Mohawks keep their exclusive casino territory in northern New York while paying the state $30 million in gambling
Gov. Andrew Cuomo and St. Regis Mohawk tribal leaders have signed an agreement to ensure the Mohawks keep their exclusive casino territory in northern New York while paying the state $30 million in gambling
Tuesday, May 21 2013 5:21 PM EDT2013-05-21 21:21:42 GMT
Revel is bankrupt no more. The struggling Atlantic City casino formally emerged from bankruptcy court on Tuesday, just 13 months after it opened with sky-high hopes.
Revel is bankrupt no more. The struggling Atlantic City casino formally emerged from bankruptcy court on Tuesday, just 13 months after it opened with sky-high hopes.
Thursday, May 23 2013 10:17 PM EDT2013-05-24 02:17:32 GMT
New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
Thursday, May 23 2013 10:11 PM EDT2013-05-24 02:11:26 GMT
An Edison, N.J., police officer was arrested and accused of setting fire to the home of a police captain in his department, according to the Middlesex County Prosecutor's Office.
An Edison, N.J., police officer was arrested and accused of setting fire to the home of a police captain in his department, according to the Middlesex County Prosecutor's Office.
Thursday, May 23 2013 9:49 PM EDT2013-05-24 01:49:53 GMT
AP photo
President Barack Obama plans to give the Jersey Shore a boost with a post-Memorial Day visit to showcase recovery efforts in the aftermath of Superstorm Sandy.
President Barack Obama plans to give the Jersey Shore a boost with a post-Memorial Day visit to showcase recovery efforts in the aftermath of Superstorm Sandy.
Thursday, May 23 2013 8:50 PM EDT2013-05-24 00:50:04 GMT
Heavy downpours sparked flash flooding across the tristate area on Thursday. The National Weather Service issued numerous weather alerts for many counties in New York, New Jersey, and Connecticut.
Heavy downpours sparked flash flooding across the tristate area on Thursday. The National Weather Service issued numerous weather alerts for many counties in New York, New Jersey, and Connecticut.
Thursday, May 23 2013 12:55 PM EDT2013-05-23 16:55:29 GMT
A $1,000 reward has been posted for information leading to the arrest and conviction of two men seen running to and away from a homicide scene Tuesday night in Camden.
A $1,000 reward has been posted for information leading to the arrest and conviction of two men seen running to and away from a homicide scene Tuesday night in Camden.
Thursday, May 23 2013 9:05 AM EDT2013-05-23 13:05:21 GMT
Hollywood superstar Brad Pitt made a trip to the birthplace of Frank Sinatra on Wednesday night to promote his new movie, "World War Z."
Hollywood superstar Brad Pitt made a trip to the birthplace of Frank Sinatra on Wednesday night to promote his new movie, "World War Z." Pitt stunned the crowd at the Clearview Cinemas when he walked in just before the start of the special screening.
Thursday, May 23 2013 6:46 AM EDT2013-05-23 10:46:23 GMT
For the first time in 17 years, millions of cicadas are expected to emerge from the soil in the tristate region this summer. The bug-like creatures are harmless to humans.
For the first time in 17 years, millions of cicadas are expected to emerge from the soil in the tristate region this summer. The bug-like creatures are harmless to humans. Cicadas live in the soil and make a familiar buzzing sound.
Wednesday, May 22 2013 12:55 PM EDT2013-05-22 16:55:01 GMT
Jersey shore town is celebrating a milestone as it rebuilds from Superstorm Sandy. Belmar officials will reopen their 1.3-mile boardwalk that was destroyed by the October storm.
Jersey shore town is celebrating a milestone as it rebuilds from Superstorm Sandy. Belmar officials will reopen their 1.3-mile boardwalk that was destroyed by the October storm.
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