Internet gambling seen as big boost to Atlantic City casinos - Dallas News | myFOXdfw.com

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 This material may not be published, broadcast, rewritten or redistributed.

  • New Jersey NewsNew Jersey NewsMore>>

  • Woman in custody in NYC stroller snatch attempt

    Woman in custody in NYC stroller snatch attempt

    Saturday, April 19 2014 2:55 PM EDT2014-04-19 18:55:51 GMT
    Police say an 8-month-old baby was nearly snatched by a stranger while being pushed down a Manhattan street in his stroller, but a bystander intervened to foil the abduction attempt.
    Police say an 8-month-old baby was nearly snatched by a stranger while being pushed down a Manhattan street in his stroller, but a bystander intervened to foil the abduction attempt.
  • Basil farm ready to switch to marijuana

    Basil farm ready to switch to marijuana

    Friday, April 18 2014 4:11 PM EDT2014-04-18 20:11:50 GMT
    Basil plants grow on a New Jersey farm, but the facility could be turned into a five-acre medical marijuana greenhouse with only 48 hours' notice. The hoses from the state-of-the-art Dutch hydroponic system are watering flowers now, but with a few minor adjustments could just as easily grow marijuana plants for medicinal cannabis. The only reason it's not happening now is because the company is publicly traded and subject to federal law.
    Basil plants grow on a New Jersey farm, but the facility could be turned into a five-acre medical marijuana greenhouse with only 48 hours' notice. The hoses from the state-of-the-art Dutch hydroponic system are watering flowers now, but with a few minor adjustments could just as easily grow marijuana plants for medicinal cannabis. The only reason it's not happening now is because the company is publicly traded and subject to federal law.
  • NJ woman sues over "8theist" plate

    NJ woman sues over "8theist" plate

    Friday, April 18 2014 12:08 PM EDT2014-04-18 16:08:10 GMT
    New Jersey NewsNew Jersey News
    A New Jersey woman has filed a lawsuit against the state's Motor Vehicle Commission, claiming the agency rejected her application for a license plate proclaiming she's an Atheist. Shannon Morgan filed the suit in federal court, saying the rejection of a plate reading "8THEIST" is a violation of her First Amendment rights. The Maurice River Township woman claims plates reading "BAPTIST" have been approved.
    A New Jersey woman has filed a lawsuit against the state's Motor Vehicle Commission, claiming the agency rejected her application for a license plate proclaiming she's an Atheist. Shannon Morgan filed the suit in federal court, saying the rejection of a plate reading "8THEIST" is a violation of her First Amendment rights. The Maurice River Township woman claims plates reading "BAPTIST" have been approved.

Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

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