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admin 23.10.2013

Florida authorities have broken up an illegal online sports betting ring with alleged ties to New York’s Genovese organized crime family. Speaking of, the NCAA and the four pro sports leagues opposing New Jersey’s sports betting quest filed their latest briefs with the US Third Circuit Court of Appeals on Friday. Follow us on Twitter and Facebook, then you’ll never miss out on the latest gaming industry news.
The decision by the court was a surprise one considering that the court rarely conducts en banc hearings, but it is also a major coup for the state in their hopes of legalizing sports betting.
New Jersey Senate voted 27-1 for the allowance of Sports Betting in local race tracks and casinos on Tuesday.
In 2011, NJ voters were in agreement on the allowance of sports betting, with a majority expressing the desire to permit sports betting at race tracks and casinos. The new bill proposes that race tracks and casinos will be allowed to offer sports betting to punters in the state under certain provisions for wagers that are placed on events outside of the state.

S2460 partially repeals provisions that could very well authorize State to license, permit or take action in the allowance of residents to wager on professional, collegiate or amateur sporting events. The credit betting ring reportedly used password-protected websites based outside the country to process wagers while moving money via a network of agents and couriers. Should the bill pass, Kahn has said she hopes the state will challenge the 1992 federal PASPA sports betting prohibition in a different federal court district than the one that keeps knocking back New Jersey’s efforts to introduce its own legal sports betting system. As with previous filings, the gist is that the state’s plans to tolerate but not officially regulate sports betting at Atlantic City casinos and state racetracks are “cosmetic efforts” to circumvent PASPA.
The state legislature passed a bill to allow sports betting and the governor signed it into law. Many believe that sports betting is a integral solution to aid in reviving New Jersey’s failing casinos and horse racetracks.
The HF 765 legislation (read it here) would allow Minnesotans 21 years of age or older to place wagers on sporting events except those involving collegiate events featuring Minnesota teams.

Sports betting would give the industry a needed boost and replace many lost revenue and jobs that the state lost last year. Sports betting in New Jersey is a crucial component for the gambling market, therefore the passing of the bill repel with the directives needed to get the market back on track.
For example, the new bill specifies that certain collegiate sports contests and athletic events shall not be the subject of wagering, as the New Jersey Constitution mandates, and it limits the repeal to wagers placed by persons at least 21 years of age. New Jersey is seeking an exemption to federal law and wants to allow casinos and racetracks in the state to start taking bets on sports.
The bill also repeals the prior Sports Wagering Act in its entirety, thereby providing certainty and clarity to the law.While Freehold Raceway and Meadowlands Racetrack have yet to offer an official statement, Monmouth Park Racetrack announced late Friday that it will begin offering and accepting wagers on sporting contests and athletic events on Sunday, Oct.

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