A package of bills to help revive the industry received final approval of the State Assembly Monday, as horse struggling New Jersey has legislation aimed at enhancing gambling revenue by allowing the State casinos and sports Paris race.
Passage of bills-led democratic paves the way for the proposed revision of Governor Christie racing horses and Atlantic City game. The Republican Governor has announced a plan scanning July 21 make u-turn fortunes of tracking these two industries. Last month, 11 casinos Atlantic City reported a decline in revenue of 12.5% compared to the year ago.
Among the seven bills sailed by the Assembly has been extended offtrack to four lanes horse is more competitive with other countries, including Pennsylvania and Delaware, who have added the machine slot wagering game.
New slots revenue resulted in purses higher in States and breeders horse migration towards them, chilling of N.j. horse racing industry.
"This is an essential step for our casino and industries which are essential for the future of New Jersey, horse racing," said MP John Burzichelli (d., Gloucester), President of the Assembly of regulatory oversight and Gaming Commission and sponsor several of the Bills. "These industries create jobs and economic growth in many ways, and they must remain strong and competitive economic engines."
"These bills helps ensure that we can accomplish this goal on several fronts.
A similar package passed NJ Senate last month, after three hearings Games Summit organized by the Democrats took place throughout the State to examine the recommendations of Christie. Three of the seven game bills were sent to the Senate.
Gain final approval of legislative Monday had four bills, which would be:
Propose several New Jersey offtrack changes status, including allowing entities other than the Office of the exhibition to run facilities; New Jersey wagering sports
To register the first State in the country to permit the exchange of bet - a form of betting in which two or several persons directly contrary to Paris on the results of a race horse - place both New Jersey and races outside.
To allow licensed racetracks of a permit for a pool of pari-mutuel unique for each race racehorse or harness. Creating larger pools betting tracks could manage a broader range of Paris and reducing the adverse effect of large gains, according to the Bill.
The Assembly approved 54-17-4 a proposal very monitored to add a constitutional amendment on the ballot in November 2011 for Paris on sporting events in Atlantic City casinos and four current and former State, including the old garden at Cherry Hill State Park Racetrack.
Senator Ray Lesniak (i.e., Union), sponsor of this version of the sports Paris Bill, said that his passage summarizes "1 billion in revenues gross to our casinos, 120 million of dollars for our State Treasury and a revival of the tourism to Atlantic City and other areas of the State, as in Monmouth County, the Meadowlands area of Cherry Hill."
"Is it better than the" Lesniak said after the vote of the Assembly.
Lesniak filed a lawsuit against the Department of justice in March 2009 United States to reverse Federal prohibition outside of the four sports Paris States: Nevada, Delaware, Eastern Oregon and Montana. This trial is pending in federal district court and a decision is likely to be made in the year.
Lesniak said that he must always win his trial to overthrow the Federal prohibition of 1992, the constitutional amendment would "send a message to the Court and the Congress, as the people of New Jersey the same right to bet on sports in Las Vegas."
As a proposed amendment, sports betting Act did not need to go to the Office of the Governor, but rather goes before the voters.
"With growth outside of the competition, we should try to correct this error, New Jersey is 17 years old when he failed to legalize sports, games," said represent Ralph Caputo (d., Essex), referring to the New Jersey missing the deadline for grandfather in less than a year of the adoption of the Federal Act 1992 sportsbook. "If we want to stay in first game of the coast destination, we need to make sure our racetracks and casinos offer the best attractions, which means add sport of gaming."
Game analyst Dennis M. Farrell, Jr., of Wells Fargo Securities, L.L.C. said: "If a full range of options for sportsbook was legalized in New Jersey, Atlantic City enjoy more visits more" because the option is not available in surrounding States.
A vote on a Bill to authorize Internet bet by the people of New Jersey on poker and other casino-type games referred to the Committee on budgets Assembly because it contains a tax provision. It is the complete Assembly on 6 January.
In the meantime, two related invoices of the Assembly, reflecting Christie, proposals have been modified Monday. Create a tourism district State casino in Atlantic City. The second would pass N.j. Casino Control Commission regulatory authority in the State of execution of the Games Division.
The Senate should vote the bills for its last session Monday. The Assembly is not likely to return until the first week of January to take their.
Contact staff writer Suzette Parmley 215-854-2594 or sparmley@phillynews.com.
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