New Jersey Governor Christie Looks To Take Control of Troubled Atlantic City

Written by:
C Costigan
Published on:
Atlantic City

New Jersey Governor Chris Christie is looking to completely overhaul Atlantic City and have the state take control of the troubled gambling destination from local officials.  The Governor is looking to transpose Atlantic City into a first rate beach/gambling resort city.

From the New York Times:

The governor is expected to propose that a state-appointed authority that would include county officials, industry leaders and university officials would take control of Atlantic City’s casino and entertainment district and devise a block-by-block plan to revive the city as a beachfront resort with gambling. Local government would lose virtually all control over the district.

“In Atlantic City, you have to revitalize the Boardwalk and the marina district and deal with the night life,” said the adviser, an executive who has been briefed on the governor’s proposals. “Turn it back into a brand that attracts people.”

Atlantic City has also come under increased pressure over recent years to compete with other nearby gambling destinations that have opened in both Pennsylvania and Connecticut. 

Additionally, Christie is expected to propose leasing the Meadowlands racetrack to the Standardbred Breeders and Owners Association for $1 a year, or simply ending horse racing there and converting the building to an off-track betting hall.

Included in those plans would be the proposed sale of the adjacent Izod Arena and state financial assistance for the long-stalled Xanadu project.

Last week, Christie rejected an offer to support a lawsuit brought by a state senator and The Interactive Media Entertainment & Gaming Association, which looks to legalize online sports betting in the state and bring in estimated additional revenue in the billions. 

Open an online betting account at Bookmaker.com with $300 and receive a FREE $300.  Use bonus code:  GAMBLING911.  Bookmaker.com is the oldest established online gambling website.

Aaron Goldstein, Gambling911.com

Business/Financial News

Litecoin Leads Way With Crypto Surge

Bitcoin and other cryptocurrencies continue to be on the rise in recent days, lead by none other than Litecoin.

Ver: COVID-19 Lockdowns Will Kill More Than Disease Itself

Ver: COVID-19 Lockdowns Will Kill More Than Disease Itself

Referred to as "Bitcoin Jesus," one of Bitcoin's earliest investors, Roger Ver, is among those in the camp that believes stringent home lockdowns to combat the Covid-19 pandemic will cause more harm than good.

Morehead: "Bitcoin Born in a Financial Crisis,  It Will Come of Age in This One"

Morehead: "Bitcoin Born in a Financial Crisis, It Will Come of Age in This One"

CEO of Pantera Capital, the first investment firm in the US to launch digital currency, pre-auction ICO, and blockchain-enabled venture funds, noted Monday that Bitcoin is up 1% on the year as of Monday while pointing to other financials including commodities and the S&P 500, all down by 15% or more.

Becoming a Bookie During the Coronavirus Pandemic

Becoming a Bookie During the Coronavirus Pandemic

With millions of people out of work and the anticipated slowdown in some sectors that will follow the coronavirus pandemic, opportunities are still plentiful for independent contractors and those with business smarts.  There may never be a greater time to become a bookie

Financial Markets Betting - April 1, 2020

Financial Markets Betting - April 1, 2020

Bookmaker.eu is currently offering odds on the financial market, specifically the OVER/UNDER on the Dow for April 1, 2020.  Today's number was set at 21250 -101