Internet gambling seen as big boost to Atlantic City casinos - New York News

Internet gambling seen as big boost to Atlantic City casinos

© AP © AP

By WAYNE PARRY | Associated Press

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 This material may not be published, broadcast, rewritten or redistributed.

  • Your MoneyMore>>

  • Manhattan West Project

    Skyline of West Side is changing

    Skyline of West Side is changing

    Tuesday, July 22 2014 6:25 PM EDT2014-07-22 22:25:22 GMT
    The Manhattan West Project is a $4.5 billion development that will change the skyline on the West Side. The five-acre site that will consist of office towers, a residential building, retail, a 5-star hotel, health and fitness facilities, rooftop gardens, restaurants, cafes, and a park is being built on top of active rail yards. Fox 5 got a look at the progress of the project.
    The Manhattan West Project is a $4.5 billion development that will change the skyline on the West Side. The five-acre site that will consist of office towers, a residential building, retail, a 5-star hotel, health and fitness facilities, rooftop gardens, restaurants, cafes, and a park is being built on top of active rail yards. Fox 5 got a look at the progress of the project.
  • Beach fashion

    Long-sleeved swimsuit is latest beach and pool fashion trend

    Long-sleeved swimsuit is latest beach and pool fashion trend

    Monday, July 21 2014 6:13 PM EDT2014-07-21 22:13:49 GMT
    You have lots of ways to look stylish on the beach, from a bikini to a tankini to a one piece. But the newest trend is long-sleeved swimsuits -- modesty takes precedence over a golden glow. The new beachwear is turning up on sites like ASOS and on luxury sites like Neiman Marcus. There are one piece versions and crop top versions.One of the pioneers of the trend is Dallas-based clothing company Cover.
    You have lots of ways to look stylish on the beach, from a bikini to a tankini to a one piece. But the newest trend is long-sleeved swimsuits -- modesty takes precedence over a golden glow. The new beachwear is turning up on sites like ASOS and on luxury sites like Neiman Marcus. There are one piece versions and crop top versions.One of the pioneers of the trend is Dallas-based clothing company Cover.
  • Wawa to close first store opened 50 years ago

    Wawa to close first store opened 50 years ago

    Monday, July 21 2014 3:01 PM EDT2014-07-21 19:01:43 GMT
    Wawa plans to close the first convenience store opened by the chain in the Philadelphia suburbs a half-century ago.  Susan Bratton, Wawa's regional real estate manager, says the old store is just too small.
    Wawa plans to close the first convenience store opened by the chain in the Philadelphia suburbs a half-century ago.  Susan Bratton, Wawa's regional real estate manager, says the old store is just too small.
  • New Jersey NewsNew Jersey NewsMore>>

  • Blaze engulfs commercial building in Palisades Park

    Blaze engulfs commercial building in Palisades Park

    Wednesday, July 23 2014 7:45 AM EDT2014-07-23 11:45:21 GMT
    A 2-alarm fire broke out in a commercial building in New Jersey on Tuesday morning.The fire happened in Palisades Park on Bergen Boulevard and 12th street. SkyFoxHD caught smoke pouring out all over the building. The fire department was on the scene battling the blaze. It is unclear what caused the fire. No injuries were reported.
    A 2-alarm fire broke out in a commercial building in New Jersey on Tuesday morning.The fire happened in Palisades Park on Bergen Boulevard and 12th street. SkyFoxHD caught smoke pouring out all over the building. The fire department was on the scene battling the blaze. It is unclear what caused the fire. No injuries were reported.
  • Federal authorities to monitor Newark police

    Federal authorities to monitor Newark police

    Tuesday, July 22 2014 9:37 PM EDT2014-07-23 01:37:12 GMT
    Newark police engaged in the excessive use of force, routinely stopped people on the street for no legitimate reason and regularly stole property from civilians, the U.S. Department of Justice concluded in a report released Tuesday that set the stage for federal monitoring of the police department that serves New Jersey's largest city. The report is the culmination of a three-year investigation begun months after the American Civil Liberties Union filed a complaint.
    Newark police engaged in the excessive use of force, routinely stopped people on the street for no legitimate reason and regularly stole property from civilians, the U.S. Department of Justice concluded in a report released Tuesday that set the stage for federal monitoring of the police department that serves New Jersey's largest city. The report is the culmination of a three-year investigation begun months after the American Civil Liberties Union filed a complaint.
  • Anaconda sightings in Lake Hopatcong reported

    Anaconda sightings in Lake Hopatcong reported

    Tuesday, July 22 2014 5:59 PM EDT2014-07-22 21:59:16 GMT
    Boaters in Lake Hopatcong in New Jersey are keeping an eye out for an unwanted visitor lurking underwater: a 14- or 15-foot-ong snake, possibly a green anaconda. Several people have seen the reptile, which has probably holed up in a drain pipe. Reptile specialists are also searching the lake for signs of the snake. So far no more sightings have been reported.
    Boaters in Lake Hopatcong in New Jersey are keeping an eye out for an unwanted visitor lurking underwater: a 14- or 15-foot-ong snake, possibly a green anaconda. Several people have seen the reptile, which has probably holed up in a drain pipe. Reptile specialists are also searching the lake for signs of the snake. So far no more sightings have been reported.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices