http://www.gaming-awards.com/NEWS/archives/19692?goback=%2Egde_1874456_member_219345915
New Jersey Governor Chris Christie said Friday he would appeal a judge’s decision to stop any sports betting in the state, the ruling does not help casinos in the state that have struggled for years and wanted to enter a market worth billions in the US.
U.S. District Judge Michael Shipp agreed in his ruling along with the four major professional sports leagues including the NFL in upholding the law against sports betting within the state of New Jersey.
The 1992 Professional and Amateur Sports Protection Act, a law that prohibits legal sports gambling in all but Nevada and three other states.
Casino operators had hoped that a favourable ruling allowing sports betting would help their declining fortunes, with the recent and newest casino, The Revel, announcing that it will file for Chapter 11 bankruptcy protection this month, aboonly just over a year after it opened. Earlier in February, the Trump Plaza casino was sold for $20 million, the lowest price ever paid for an Atlantic City casino.
Billions of dollars are bet legally each year on sports in Nevada, and experts estimate tens or even hundreds of billions are wagered illegally through bookmakers.