Opening up gaming will be a major step for the debt-ridden country, which hopes to get hundreds of millions of euros in extra revenues. The move will also put it back in line with EU regulations and allow it to stop paying hefty fines to Brussels.
“The bill is expected to be voted within the first quarter of the year,” the official, who has direct knowledge of the government plans, said on condition of anonymity. “Our aim is to tender the licences by the end of the year.”
Greece aims at proceeds of at least 700 million euros ($949 million) from new gaming licences and royalties this year as part of the EU/IMF bailout plan that saved it from bankruptcy last year. It has earmarked another 625 million euros for 2012.
The country had struggled to crack down on unlicenced gambling, estimated at about 4 billion euros a year, since it imposed a blanket ban on gaming machines in 2002.
Betting monopoly Opap and slot machines in casinos were excluded from the ban.
The official did not say what the duration of the new betting licences or the payout would be. Referring to the VLTs, the source added that there would be a limit on wagers.
Greece’s finance ministry was not immediately available for comment.
January 27, 2011
January 25, 2011
Mandalay puts Tournament.com up for sale
Costa Bingo and Casino Choice owner Mandalay Media Group has put its Tournament.com domain up for sale after deciding not to re-enter the skill gaming arena.
Mandalay owners Richard Skelhorn and Alex Holt launched pay-to-enter first person shooter tournaments on the Tournament.com and Tournament.co.uk domains in 2007, under licence from games provider Valve, operating their CounterStrike and Half-Life games, but decided to close the site the following year due to financial pressures.
In a statement today, Skelhorn and Holt said: “We still believe there is a market for pay-to-enter video game tournaments, however due to the investment required in infrastructure and content licensing it is something that we have decided not to re-approach.
“We believe that unless a content owner like EA approach it themselves and therefore remove the licence fee element we will not see a third party operator again on the scale Tournament.com achieved. We are ready to sell the domain now along with the .co.uk and move on.”
The Tournament.com founders said they believed the domain would interest a wide range of businesses, including poker sites and games publishers.
“The word 'tournament' is very descriptive and generates over five million Google searches per month. It could be developed into a very powerful brand in the right hands,” said Skelhorn and Holt.
Mandalay said it would be reviewing sensible offers received via the contact form on the Tournament.com website.
Mandalay owners Richard Skelhorn and Alex Holt launched pay-to-enter first person shooter tournaments on the Tournament.com and Tournament.co.uk domains in 2007, under licence from games provider Valve, operating their CounterStrike and Half-Life games, but decided to close the site the following year due to financial pressures.
In a statement today, Skelhorn and Holt said: “We still believe there is a market for pay-to-enter video game tournaments, however due to the investment required in infrastructure and content licensing it is something that we have decided not to re-approach.
“We believe that unless a content owner like EA approach it themselves and therefore remove the licence fee element we will not see a third party operator again on the scale Tournament.com achieved. We are ready to sell the domain now along with the .co.uk and move on.”
The Tournament.com founders said they believed the domain would interest a wide range of businesses, including poker sites and games publishers.
“The word 'tournament' is very descriptive and generates over five million Google searches per month. It could be developed into a very powerful brand in the right hands,” said Skelhorn and Holt.
Mandalay said it would be reviewing sensible offers received via the contact form on the Tournament.com website.
January 15, 2011
Police arrest former Weather Lottery CEO
The former CEO of The Weather Lottery (TWL), Keith Milhench, together with another former employee, Amie Pickersgill-Smith, have been jointly charged by Nottinghamshire Police with seven counts of fraud and four charges of theft totalling £80,000 against the company.
The charges relate to the alleged misappropriation of jackpot payments to lottery winners between April 2008 and April 2010, when both Milhench and Pickersgill-Smith worked for TWL.
The matter was referred to Nottinghamshire Police following an investigation by the UK Gambling Commission. Nottinghamshire Police have confirmed that no one else connected with TWL is suspected of any wrongdoing and that they are satisfied that the alleged victims have been identified.
Milhench was CEO of TWL until September of last year when he resigned from the role, citing “ill health” and an inability to carry on with his duties. Milhench formed Lottery Service Providers Ltd in 2000, which performed all of the administrative duties for TWL, serving as its managing director. He was later appointed CEO of TWL in April 2006.
In TWL’s most recent financial results, the company stated that Milhench was a director of CBI Holdings Limited, parent company of Cantbuyit Limited. During the course of last year, TWL made payments of £5,950 on behalf of Cantbuyit and at the end of the year was owed £9,450 from the company. The amount has been provided for as “irrecoverable” as at July 31st 2010, although the company said it will pursue repayment.
TWL also stated that Milhench received loans of £17,940 from the company, all of which were outstanding at the year end. Milhench received 4,800,000 share options in TWL during the last financial year, worth £48,000.
Both Milhench and Pickersgill-Smith will appear before Nottingham magistrates on January 24th.
TWL confirmed that its Gambling Commission license to operate as an External Lottery Manager, held by Prize Provision Services Limited, a wholly owned subsidiary of the company, remains in place having been renewed last October.
The charges relate to the alleged misappropriation of jackpot payments to lottery winners between April 2008 and April 2010, when both Milhench and Pickersgill-Smith worked for TWL.
The matter was referred to Nottinghamshire Police following an investigation by the UK Gambling Commission. Nottinghamshire Police have confirmed that no one else connected with TWL is suspected of any wrongdoing and that they are satisfied that the alleged victims have been identified.
Milhench was CEO of TWL until September of last year when he resigned from the role, citing “ill health” and an inability to carry on with his duties. Milhench formed Lottery Service Providers Ltd in 2000, which performed all of the administrative duties for TWL, serving as its managing director. He was later appointed CEO of TWL in April 2006.
In TWL’s most recent financial results, the company stated that Milhench was a director of CBI Holdings Limited, parent company of Cantbuyit Limited. During the course of last year, TWL made payments of £5,950 on behalf of Cantbuyit and at the end of the year was owed £9,450 from the company. The amount has been provided for as “irrecoverable” as at July 31st 2010, although the company said it will pursue repayment.
TWL also stated that Milhench received loans of £17,940 from the company, all of which were outstanding at the year end. Milhench received 4,800,000 share options in TWL during the last financial year, worth £48,000.
Both Milhench and Pickersgill-Smith will appear before Nottingham magistrates on January 24th.
TWL confirmed that its Gambling Commission license to operate as an External Lottery Manager, held by Prize Provision Services Limited, a wholly owned subsidiary of the company, remains in place having been renewed last October.
January 11, 2011
Béraud appointed president of BetClic Everest
Nicolas Béraud, the founder of BetClic, has been named the new president of the BetClic Everest Group.
He replaces Stéphane Courbit, founder and former chairman of the group which changed its name from Mangas Gaming in November. Courbit has stepped down after more than two years in the role.
Béraud set up BetClic in 2005, selling the bookmaker to Courbit’s Mangas group in 2008, and had been CEO of the group since March last year. In his new role, he will be tasked with overseeing the management of the four companies under BetClic Everest’s control: Everest Gaming, BetClic, Bet-at-Home and Expekt.
In addition to serving as CEO of the BetClic Everest Group, Béraud was interim CEO of Expekt following the departure of Per Widerström in December 2009.
He is not the only member of the group to move into a new role. Former vice-chairwoman Isabelle Parize is now the new chief of the group’s skill games site SkillStar.com, while Jean-Laurent Nabet has been named as the new chairman of the group’s holding company, which is split evenly between Stéphane Courbit’s Lov Group and high-end hotel owners Societe des Bains de Mer.
Courbit’s influence within BetClic Everest will not be entirely eliminated. Lov Group still controls 50% of the group’s holding company, whose new chairman Nabet has worked alongside the 45-year-old entrepreneur since joining Lov Group in 2008.
BetClic Everest rose three places to fourth in eGR’s 2010 Power 50, but moves to regulate European markets – and the French market in particular – have grated with the group’s management.
In an interview with French newspaper Le Figaro last November, former Endemol France chairman Courbit claimed French authorities were responsible for imposing the “worst online gambling laws in Europe.”
At the time he complained that “we are overtaxed, the scope of authorised gambling is too limited and the rate of return to players is too low.”
He replaces Stéphane Courbit, founder and former chairman of the group which changed its name from Mangas Gaming in November. Courbit has stepped down after more than two years in the role.
Béraud set up BetClic in 2005, selling the bookmaker to Courbit’s Mangas group in 2008, and had been CEO of the group since March last year. In his new role, he will be tasked with overseeing the management of the four companies under BetClic Everest’s control: Everest Gaming, BetClic, Bet-at-Home and Expekt.
In addition to serving as CEO of the BetClic Everest Group, Béraud was interim CEO of Expekt following the departure of Per Widerström in December 2009.
He is not the only member of the group to move into a new role. Former vice-chairwoman Isabelle Parize is now the new chief of the group’s skill games site SkillStar.com, while Jean-Laurent Nabet has been named as the new chairman of the group’s holding company, which is split evenly between Stéphane Courbit’s Lov Group and high-end hotel owners Societe des Bains de Mer.
Courbit’s influence within BetClic Everest will not be entirely eliminated. Lov Group still controls 50% of the group’s holding company, whose new chairman Nabet has worked alongside the 45-year-old entrepreneur since joining Lov Group in 2008.
BetClic Everest rose three places to fourth in eGR’s 2010 Power 50, but moves to regulate European markets – and the French market in particular – have grated with the group’s management.
In an interview with French newspaper Le Figaro last November, former Endemol France chairman Courbit claimed French authorities were responsible for imposing the “worst online gambling laws in Europe.”
At the time he complained that “we are overtaxed, the scope of authorised gambling is too limited and the rate of return to players is too low.”
NJ legislature votes to legalise egaming
The New Jersey Assembly this evening voted overwhelmingly in favour of Senator Raymond Lesniak’s bill to allow egaming in the US state.
In a vote taken at 6:44PM Eastern Time, Lesniak’s S490 bill to allow Atlantic City casinos to offer online versions of their games to state residents received 63 votes in favour, 11 against, and three abstentions, comfortably ahead of the 41 votes required for passage.
Having passed both the New Jersey Senate and the Assembly, this evening’s vote leaves New Jersey just one step away from becoming the first US state to get a law legalising and regulating egaming on the statute books.
The bill now passes to Governor Chris Christie, becoming law upon his signature or after 45 days if no action is taken during this time. Christie has however yet to publicly declare his position on Lesniak's bill.
President and CEO of New Jersey-based games supplier High 5 Games, Anthony Singer, said: "This is an historic day for New Jersey. With the state legislature’s decision to legalise internet gaming, New Jersey now becomes the center of the US iGaming industry.
“We are optimistic that Governor Chris Christie will sign this important piece of legislation into law to revive the state’s gaming industry. This law will allow our state’s gaming industry to thrive, creating more jobs and much needed tax revenue for the people of New Jersey."
In a vote taken at 6:44PM Eastern Time, Lesniak’s S490 bill to allow Atlantic City casinos to offer online versions of their games to state residents received 63 votes in favour, 11 against, and three abstentions, comfortably ahead of the 41 votes required for passage.
Having passed both the New Jersey Senate and the Assembly, this evening’s vote leaves New Jersey just one step away from becoming the first US state to get a law legalising and regulating egaming on the statute books.
The bill now passes to Governor Chris Christie, becoming law upon his signature or after 45 days if no action is taken during this time. Christie has however yet to publicly declare his position on Lesniak's bill.
President and CEO of New Jersey-based games supplier High 5 Games, Anthony Singer, said: "This is an historic day for New Jersey. With the state legislature’s decision to legalise internet gaming, New Jersey now becomes the center of the US iGaming industry.
“We are optimistic that Governor Chris Christie will sign this important piece of legislation into law to revive the state’s gaming industry. This law will allow our state’s gaming industry to thrive, creating more jobs and much needed tax revenue for the people of New Jersey."
December 21, 2010
Ladbrokes confirms 888 takeover talks
Ladbrokes has confirmed it is in talks to acquire rival 888 in a deal which would value the operator at around £240m.
The Sunday Telegraph reported yesterday that Ladbrokes had made an offer of 70p a share for the casino specialist and Dragonfish owner. 888 shares closed at 49p on Friday. Both companies this morning released a statement to the London Stock Exchange confirming they are in preliminary talks, but that “there can be no certainty that these discussions will ultimately lead to an offer.”
The deal currently on the table is for significantly less than when Ladbrokes first attempted to purchase 888 four years ago, in a deal which valued 888 at around £470m. The 2006 deal fell through due to uncertainty over the future of the US market caused by the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA).
Newly installed Ladbrokes chief executive Richard Glynn recently launched “Project Galvanise” aimed at lifting the company’s performance and doubling the company’s share price within five years.
Ladbrokes head of PR Ciaran O’Brien was however keen to stress that the proposed acquisition was in its “early days,” and that “nothing was certain” at this early stage. He also stated that it was not part of Glynn’s ‘Project Galvanise’. 888 was not prepared to provide further comment to eGR on the deal at this stage in negotiations.
888 has been the subject of constant takeover speculation since it posted a profit warning in May this year, leading to a 13% drop in its share price, and its Q3 results remained stagnant. However, Q4 results were described as “buoyant”, keeping its profits in line with end-of-year expectations.
The Sunday Telegraph reported yesterday that Ladbrokes had made an offer of 70p a share for the casino specialist and Dragonfish owner. 888 shares closed at 49p on Friday. Both companies this morning released a statement to the London Stock Exchange confirming they are in preliminary talks, but that “there can be no certainty that these discussions will ultimately lead to an offer.”
The deal currently on the table is for significantly less than when Ladbrokes first attempted to purchase 888 four years ago, in a deal which valued 888 at around £470m. The 2006 deal fell through due to uncertainty over the future of the US market caused by the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA).
Newly installed Ladbrokes chief executive Richard Glynn recently launched “Project Galvanise” aimed at lifting the company’s performance and doubling the company’s share price within five years.
Ladbrokes head of PR Ciaran O’Brien was however keen to stress that the proposed acquisition was in its “early days,” and that “nothing was certain” at this early stage. He also stated that it was not part of Glynn’s ‘Project Galvanise’. 888 was not prepared to provide further comment to eGR on the deal at this stage in negotiations.
888 has been the subject of constant takeover speculation since it posted a profit warning in May this year, leading to a 13% drop in its share price, and its Q3 results remained stagnant. However, Q4 results were described as “buoyant”, keeping its profits in line with end-of-year expectations.
December 17, 2010
PartyGaming founder avoids jail
PartyGaming founder Anurag Dikshit has avoided a prison sentence, despite pleading guilty to internet gambling charges under the Federal Wire Act in 2008.
Dikshit had faced a possible maximum of two years in jail, but yesterday was instead sentenced to a year’s probation by a court in New York.
Dikshit was able to avoid jail under the terms of a plea deal agreed with federal prosecutors, who did not seek any jail time after he agreed to forfeit US$300m to US authorities for his role in PartyGaming’s US activities prior to passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in late 2006.
Presiding judge Jed Rakoff challenged prosecutors over the fact that neither of PartyGaming’s other two founders, Ruth Parasol DeLeon and Russell DeLeon, have been charged, despite both being US citizens, while Dikshit is an Indian without American nationality.
The PartyPoker software architect walked away from the company entirely in 2010, after selling two thirds of his 28% stake estimated £188 million in 2009, before selling the remaining shares in 2010. The money is reportedly being used to fund Dikshit’s charitable work in South Asia.
PartyGaming followed Dikshit in settling with US authorities for pre-UIGEA activities in April 2009, agreeing to pay US$105m. Sportingbet followed suit in September of this year, agreeing to pay US$33m (£21m) to US authorities after nearly three years of protracted negotiations with US authorities.
PartyGaming chief Jim Ryan revealed in August that a probity agreement with major shareholders De Leon and Parasol had been included in its merger agreement with Bwin, obligating them to liquidate their position if they could potentially prevent the operator “getting a licence or completing a suitability review” in the US.
Dikshit had faced a possible maximum of two years in jail, but yesterday was instead sentenced to a year’s probation by a court in New York.
Dikshit was able to avoid jail under the terms of a plea deal agreed with federal prosecutors, who did not seek any jail time after he agreed to forfeit US$300m to US authorities for his role in PartyGaming’s US activities prior to passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in late 2006.
Presiding judge Jed Rakoff challenged prosecutors over the fact that neither of PartyGaming’s other two founders, Ruth Parasol DeLeon and Russell DeLeon, have been charged, despite both being US citizens, while Dikshit is an Indian without American nationality.
The PartyPoker software architect walked away from the company entirely in 2010, after selling two thirds of his 28% stake estimated £188 million in 2009, before selling the remaining shares in 2010. The money is reportedly being used to fund Dikshit’s charitable work in South Asia.
PartyGaming followed Dikshit in settling with US authorities for pre-UIGEA activities in April 2009, agreeing to pay US$105m. Sportingbet followed suit in September of this year, agreeing to pay US$33m (£21m) to US authorities after nearly three years of protracted negotiations with US authorities.
PartyGaming chief Jim Ryan revealed in August that a probity agreement with major shareholders De Leon and Parasol had been included in its merger agreement with Bwin, obligating them to liquidate their position if they could potentially prevent the operator “getting a licence or completing a suitability review” in the US.
December 16, 2010
Danish online gaming faces delay
Denmark has decided to steer away from the usual norm and offered a lowered tax rate to internet casinos operating within the country’s borders. Unfortunately this move has landed them in hot water with the European Commission.
In the meantime a formal investigation has been launched by the EC to investigate the tax rate set forth by the Danish government to internet gambling sites. In the event foreign based internet casinos do receive their licenses they will be eligible to pay the Danish government 25% tax as opposed to the current tax rate of 75% land-based casinos have to pay.
The EC investigates countries that attempts to control its Internet gambling market completely. Countries that are guilty of monopolizing their local casino industry normally impose exorbitant tax rates on internet casinos in order to protect the interests of their brick-and-mortar casinos. Denmark has decided to take a different route and as a result has caught a couple of members within European Union off guard.
The European Commission has notified Denmark that they have received numerous complaints from other European members stemming from their proposed low tax rate. It’s up to the European Union now to decide whether or not the low tax rate in Denmark will give internet casinos an edge. Should they find this to be the case, Denmark might face a hostile ruling after the enquiry is concluded.
Other members of the EU have been encouraged by the EC to share their views relating to this matter as well. Before making a pronouncement the EC will take opinions given into consideration. In 2009 the Danish government has decided to forego its gaming monopoly. The inception of this new tax rate will only be in January 2011, but it must be approved by the EC first before it can be implemented.
Numerous companies have invited foreign internet casinos at the behest of the European Commission. The majority of European countries consented to the EC’s demands, but the U.S still continues to ignore International trading agreements between EU members with their internet casino gaming laws.
In the meantime a formal investigation has been launched by the EC to investigate the tax rate set forth by the Danish government to internet gambling sites. In the event foreign based internet casinos do receive their licenses they will be eligible to pay the Danish government 25% tax as opposed to the current tax rate of 75% land-based casinos have to pay.
The EC investigates countries that attempts to control its Internet gambling market completely. Countries that are guilty of monopolizing their local casino industry normally impose exorbitant tax rates on internet casinos in order to protect the interests of their brick-and-mortar casinos. Denmark has decided to take a different route and as a result has caught a couple of members within European Union off guard.
The European Commission has notified Denmark that they have received numerous complaints from other European members stemming from their proposed low tax rate. It’s up to the European Union now to decide whether or not the low tax rate in Denmark will give internet casinos an edge. Should they find this to be the case, Denmark might face a hostile ruling after the enquiry is concluded.
Other members of the EU have been encouraged by the EC to share their views relating to this matter as well. Before making a pronouncement the EC will take opinions given into consideration. In 2009 the Danish government has decided to forego its gaming monopoly. The inception of this new tax rate will only be in January 2011, but it must be approved by the EC first before it can be implemented.
Numerous companies have invited foreign internet casinos at the behest of the European Commission. The majority of European countries consented to the EC’s demands, but the U.S still continues to ignore International trading agreements between EU members with their internet casino gaming laws.
Gambling nun accused of embezzling $1.2 million
A Catholic nun with a reputation for gambling trips to Atlantic City was accused of embezzling more than $1.2 million from a college where she oversaw the school's finances, officials said on Friday.
Sister Marie Thornton, former vice president of finance at Iona College in New Rochelle, New York, is charged with sending phoney invoices to the school to pay off personal credit card bills and expenses, the U.S. Attorney's office said.
The thefts occurred between 1999 and 2009, when Thornton resigned from the Catholic college, court documents said. She entered a plea of not guilty to a federal embezzlement charge.
The college of some 5,000 students has come under fire from alumni and donors for never reporting the missing money to authorities and only mentioning the theft in its 2009 tax filing sent in February to the Internal Revenue Service.
Iona officials issued a statement saying the school has implemented new financial oversight controls and recovered most of the missing funds.
The school also disputed the amount stolen, but did not specify by how much. In the IRS filing, Iona said the theft amounted to $800,000.
The nun had a reputation for visiting casinos in Atlantic City, New Jersey, according to former Iona basketball coach Jeff Ruland.
Sister Marie Thornton, former vice president of finance at Iona College in New Rochelle, New York, is charged with sending phoney invoices to the school to pay off personal credit card bills and expenses, the U.S. Attorney's office said.
The thefts occurred between 1999 and 2009, when Thornton resigned from the Catholic college, court documents said. She entered a plea of not guilty to a federal embezzlement charge.
The college of some 5,000 students has come under fire from alumni and donors for never reporting the missing money to authorities and only mentioning the theft in its 2009 tax filing sent in February to the Internal Revenue Service.
Iona officials issued a statement saying the school has implemented new financial oversight controls and recovered most of the missing funds.
The school also disputed the amount stolen, but did not specify by how much. In the IRS filing, Iona said the theft amounted to $800,000.
The nun had a reputation for visiting casinos in Atlantic City, New Jersey, according to former Iona basketball coach Jeff Ruland.
December 10, 2010
New Jersey approves egaming bill
Senator Raymond Lesniak’s sponsored internet casino gambling and sports betting bills have been given the go-ahead by The New Jersey Assembly. Voters will have to vote for the implementation and legalization of internet gambling in the State on Monday the 13th of December. Hopefully the internet gambling bill would receive the thumbs up from state’s Republican Governor Chris Christie before this year is out.
Both bills will enable New Jersey citizens to wager on the internet, however, a previous revision to consent to international players to wager online has been put on hold for the time being, Lesniak informed the Assembly Regulatory Oversight Committee.
41 Votes is the requisite to carry forward these internet gambling bills, it’s then up to Governor Christie who has 45 days to decide whether or not either bill should be approved into law. A close source that has some inside information notified eGaming review that after these bills have been promulgated by the committee recently, “They will enter into discussions with the governor’s people and hopefully persuade them to implement internet gambling in the state. In all probability if internet gambling is regulated and taxed in New Jersey it could become the “Silicon Valley” of internet casino gambling in the U.S,” he said. “As it stands Atlantic City’s gaming industry has gone backwards and we need to do something to revive it to its former glory again.
“We are in high spirits and reasonably self-assured that the internet gambling bills will be voted favourably on Monday and that it would swiftly come into law,” he said.
Bill S-490 relating to internet gambling will authorize Atlantic City’s casinos to present internet casinos to residents from New Jersey. Previously mentioned by Lesniak it’s a potential cash cow that will generate US$35 million in tax revenue, these funds would then be utilised to develop the state’s deteriorating horse tracks.”
Bill ACR-167 proposes the constitutional amendment which will give the legislature the green light according to law permitting gambling at Atlantic City casinos as well as horse racetracks on sports events.
Both bills will enable New Jersey citizens to wager on the internet, however, a previous revision to consent to international players to wager online has been put on hold for the time being, Lesniak informed the Assembly Regulatory Oversight Committee.
41 Votes is the requisite to carry forward these internet gambling bills, it’s then up to Governor Christie who has 45 days to decide whether or not either bill should be approved into law. A close source that has some inside information notified eGaming review that after these bills have been promulgated by the committee recently, “They will enter into discussions with the governor’s people and hopefully persuade them to implement internet gambling in the state. In all probability if internet gambling is regulated and taxed in New Jersey it could become the “Silicon Valley” of internet casino gambling in the U.S,” he said. “As it stands Atlantic City’s gaming industry has gone backwards and we need to do something to revive it to its former glory again.
“We are in high spirits and reasonably self-assured that the internet gambling bills will be voted favourably on Monday and that it would swiftly come into law,” he said.
Bill S-490 relating to internet gambling will authorize Atlantic City’s casinos to present internet casinos to residents from New Jersey. Previously mentioned by Lesniak it’s a potential cash cow that will generate US$35 million in tax revenue, these funds would then be utilised to develop the state’s deteriorating horse tracks.”
Bill ACR-167 proposes the constitutional amendment which will give the legislature the green light according to law permitting gambling at Atlantic City casinos as well as horse racetracks on sports events.
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