2012 January 09 Gambling News, Events and Happenings

Legalized sports betting is closer to happening in New Jersey. The state legislature approved a law Monday that would let New Jerseyans bet on professional and college sports games at Atlantic City casinos and the state’s four horse tracks.

A recap of bills passed and defeated during the New Jersey Legislature’s marathon voting session Monday.

Broken Arrow’s school board says classrooms should trump casinos. The board voiced its unanimous disapproval for a new Kialegee casino in their backyard.

New Jersey faces an uphill battle in federal court to try to overturn a law banning sports betting in all but 4 states

We hope you all enjoyed your weekend. Now, back to business. In the Monday edition of the Nightly Turbo, we bring you a Guinness World Record by Team PokerStars Online member Randy “nanonoko” Lew, reality TV appearances by Beth Shak and Tiffany Michelle, and more.

I realize that this may be somewhat confusing given the overriding issues with the economy, the Euro-Zone, the upcoming political debate on raising the debt ceiling and upcoming pressures to corporate profit margins…but the S&P 500 registered a “buy” signal last week.

TRENTON — Legalized sports betting is one step closer to happening in New Jersey.

The Legislature’s marathon voting session – the last day of the lame duck session – cleared bills to legalize sports betting at racetracks and casinos, move school elections to November and cut back on one long-standing pension perk. But several key bills didn’t clear the Assembly and Senate.

A state Senate panel gave the initial go-ahead Monday to this year’s all-encompassing gambling bill, which would let establishments like the Naples Fort Myers Greyhound Racing and Poker offer slots machines