Sports Betting Exchange A.C.

http://www.pressofatlanticcity.com/news/breaking/new-jersey-s-sports-betting-case-advances-in-federal-court/article_b23544d2-90b9-11e2-9bc9-001a4bcf887a.html#.UUiurGk11-A.twitter By HOA NGUYEN, Staff Writer   New Jersey’s attempt to overturn a federal court decision barring it from authorizing sports betting is proceeding in the U.S. Court of Appeals with judicial officials opening a docket for the case Monday. State officials, who filed a notice of appeal last week, will have two weeks to […]

http://www.reuters.com/article/2013/03/14/us-usa-florida-lieutenantgovernor-idUSBRE92D1BL20130314 By Bill Cotterell (Reuters) – The resignation of Florida’s lieutenant governor, Jennifer Carroll, and the arrests of 57 people charged with money laundering and racketeering has sparked a stampede in the state legislature to shut down hundreds of “internet cafes,” whose online gambling operations have been allowed to skirt the law for several years. […]

By HOA NGUYEN Staff Writer http://www.pressofatlanticcity.com/communities/atlantic-city_pleasantville_brigantine/revel-filings-include-plan-to-use-possible-future-tax-breaks/article_d1862b96-8cde-11e2-b5bf-001a4bcf887a.html   Revel wants to earmark $70 million in possible future state tax breaks to satisfy some of its debts as part of a bankruptcy deal the casino is pursuing, the company said in financial documents filed Thursday. But the state Economic Development Authority said no taxpayer money is at […]

By DONALD WITTKOWSKI Staff Writer   http://www.pressofatlanticcity.com/news/top_three/revel-can-be-fixed-casino-analysts-executives-and-officials-say/article_dd32a27c-8c47-11e2-9683-0019bb2963f4.html   That’s the belief of analysts, casino executives and political leaders. Although they said Revel’s problems are serious, they are not insurmountable. They also predicted that the $2.4 billion luxury megaresort may yet fulfill its promise to expand the Atlantic City market now that new management has taken […]

http://www.businessweek.com/articles/2013-03-01/new-online-gambling-rules-might-bring-back-intrade#r=lr-fst   By Elizabeth Dwoskin on March 01, 2013   As of early November, 2012 was looking like a great year for Intrade. Traders on the online market where people bet money on political contests had accurately predicted the results of the presidential race for the second time in a row. Then Intrade’s fortunes turned. On Nov. 26, the Commodity […]

http://www.gaming-awards.com/NEWS/archives/19853?goback=%2Egde_1874456_member_221961919   In the latest turn of events in the American Gaming Associations (AGA) opposition to PokerStars proposed purchase of the Atlantic Club Casino in Atlantic City, PokerStars has appealed the AGA opposition in a 15 page letter to the New Jersey Division of Gaming Enforcement. According to Journalist John Brennan for the Meadowlands Matter […]

http://www.miamiherald.com/2013/03/13/3283274/lt-gov-jennifer-carroll-resigns.html   BY TIA MITCHELL HERALD/TIMES TALLAHASSEE BUREAU TALLAHASSEE — Florida Lt. Gov. Jennifer Carroll resigned, Gov. Rick Scott’s office announced Wednesday morning. On Tuesday, she was interviewed by the Florida Department of Law Enforcement, which is assisting in a national probe of Allied Veterans of the World, a Florida-based nonprofit that operates a chain of […]

http://www.rockymounttelegram.com/business/sweepstakes-cafes-remain-open-now-1840311 By John Henderson The Rocky Mount Police Department has continued to allow Internet sweepstakes cafes to remain open nearly two weeks after threatening to close them down. A few of the cafes shut down after the N.C. Supreme Court upheld a state law banning the video games. Several other cafes closed temporarily and reopened with […]

http://www.miamiherald.com/2013/03/07/3272526/njs-christie-committed-to-sports.html   BY DAVID PORTER ASSOCIATED PRESS NEWARK, N.J. — Gov. Chris Christie says he’ll take the fight to legalize sports gambling in New Jersey to the U.S. Supreme Court, if necessary. Even after a recent federal court defeat, Christie said Thursday he plans to continue his push for sports betting in his state. Last month, […]

http://www.forbes.com/sites/nathanvardi/2013/03/05/the-battle-for-online-poker-between-pokerstars-and-caesars-entertainment-goes-to-new-jersey/?goback=%2Egde_3295385_member_220664610   Nathan Vardi, Forbes Staff In February, a senior executive of Caesars Entertainment Corp. contacted a high-level PokerStars executive and proposed a potential deal, putting Caesars’ Rio casino inLas Vegas and the World Series of Poker brand on the table, according to sources familiar with PokerStars. “Caesars Entertainment approached PokerStars and offered to sell us certain assets, […]