Christie reignites NJ sports betting bombshell

"The rule of law is sacred and binding on all Americans," Gov. Chris Christie said last month when he vetoed a bill that would have allowed New Jersey casinos and racetracks to violate a federal ban and take sports bets. Well, not exactly "sacred," but not this month, not "for all Americans," and political promises continue to pile up in Atlantic City for the governor as he seeks re-election.

At stake in the rebuild of Atlantic City is much of the reputation that the CEO's allies built during his two terms as a champion of unscrupulous, responsible free enterprise in the Republican tradition. The gamble was unsuccessful. The Lieber, a $2. 4 billion cape centerpiece and 1, 400-room folly conceived by investment bank Morgan Stanley at the height of the housing bubble, is due to open after receiving $270 million in tax breaks and other incentives backed by Christie.

Even then, Atlantic City's market was in free fall, a beach city as usual, with nothing but gambling. And it was succumbing at a rapid clip to the blow of the recession and the saturated casino market in the Northeast. Gambling revenues were down 45% from its peak in 2005-06. The Riverle opened two springs to great success, but 11 months later it was in bankruptcy reorganization. It finally disappeared on September 2, 2014. By that time, the Showboat and Atlantic Club had already filed for bankruptcy, Trump Plaza had announced it was about to close, and the Trump Taj Mahal was about to tell its employees that day was near. In the midst of all this, Christie emerged from a closed-door meeting on Atlantic City's grim future on September 8, issuing an executive order through the Attorney General's Office to continue working on the bill he vetoed in August (a bill Christie criticized as "revolutionary" and "hasty"). "The rule of law is sacred and binding on all Americans," Gov. Chris Christie said last month when he vetoed a bill that would have allowed New Jersey casinos and racetracks to violate the federal ban and offer sports betting. Well, not exactly "sacred," but not this month, not "for all Americans," as the governor seeks to run for president, and the political promises continue to pile up in Atlantic City.

At stake in the rebuild of Atlantic City is much of the reputation that the CEO's allies built over his two terms as an unscrupulous, responsible champion of free enterprise in the Republican tradition. The bet has failed. The Lieber, a $2. 4 billion cape centerpiece and 1, 400-room folly conceived by investment bank Morgan Stanley at the height of the housing bubble, is due to open after receiving $270 million in Christie-backed tax breaks and other incentives.

Macau mired in tobacco smoke and simmering discontent

Macau mired in tobacco smoke and simmering discontent

Even then, Atlantic City's market was in free fall, a business-as-usual coastal city with nothing but gambling. And it was succumbing at breakneck speed to the blow of the recession and the saturated casino market in the Northeast. Gambling revenues are down 45% from their 2005-06 peak. The Lieber opened two springs to great success, only to be forced into bankruptcy reorganization 11 months later. On September 2, 2014, it was finally gone. By then, the Showboat and Atlantic Club had already filed for bankruptcy, Trump Plaza had announced it was about to close, and the Trump Taj Mahal was about to tell employees that day was near. In the midst of all this, Christie emerged from a closed-door meeting on Atlantic City's grim future on September 8 to issue an executive order through the Attorney General's Office, continuing work on a bill he vetoed in August (a bill Christie criticized as "transformative" and "rushed." "The rule of law is sacred and binding on all Americans," he said, when he vetoed a bill last month that would have allowed New Jersey casinos and racetracks to conduct sports betting in violation of federal prohibitions. Well, maybe not exactly "sacred," but the political promises continue to pile up in Atlantic City for the governor, who is running for president, not this month, not "for all Americans." At stake in Atlantic City's rebuild is much of the reputation the CEO's allies built over his two terms as an unscrupulous, responsible champion of free enterprise in the Republican tradition. The gamble was unsuccessful. The Lieber, a $2. 4 billion cape centerpiece and 1, 400-room folly conceived by investment bank Morgan Stanley at the height of the housing bubble, is due to open after receiving $270 million in Christie-backed tax breaks and other incentives.

Even then, Atlantic City's market was in free fall, a business-as-usual coastal city with nothing but gambling. And it was succumbing at breakneck speed to the blows of the recession and the saturated casino market in the Northeast. Gambling revenues are down 45% from their 2005-06 peak. The Lieber opened two springs to great success, only to be forced into bankruptcy reorganization 11 months later. It finally disappeared on September 2, 2014. By then, the Showboat and the Atlantic Club had already filed for bankruptcy, Trump Plaza had announced it would soon close, and the Trump Taj Mahal was about to tell its employees that day was near. In the midst of all this, Christie emerged from a closed-door meeting about Atlantic City's grim future on September 8 to issue an executive order through his office of attorney general to continue work on the bill he had vetoed in August, a bill Christie had criticized as "transformative" and "rushed."

The order asks New Jersey to distance itself by regulating sports betting that violates federal prohibitions or by banning sports betting that is no longer required by state law. In effect, the governor has given his stamp of approval and blessing to illegal activity. "A victory at last!" said Senator Raymond Lesniak, who voted in favor of the veto. "You should book your hotel in Atlantic City for the Super Bowl. The lawyers' opinion is less clear. Those who have spoken publicly see the order as a ploy that would not work on major sports leagues. Naturally, no racetrack or casino was open to the possibility of accepting bets. Christie and his advisers believe that by taking an ambiguous position, they have effectively excluded sports betting from the Professional and Amateur Sports Safety Act, an anti-gambling law passed by Congress in 1992 at the request of the leagues. The act limited sports betting to the four states where it was legal in various forms at the time. It also called for the other 46 states to legalize betting within a year. Nobody

But PASPA doesn't prohibit this. So Lesniak's Senate Bill 2250, passed by the Legislature in June, ended up in front of the Supreme Court three days later, like a state Hail Mary. It would suspend "all prohibitions" on sports betting, i. e., PASPA, as it applies to the state's casinos and racetracks in Atlantic City. In vetoing the bill, Christie essentially said it was nothing more than the rule of law, and noted that it was his duty as governor to uphold it, whether he agreed with it or not. "This duty is exercised with special solemnity by elected officials who are empowered to take the oath of office. "Ignoring federal law in favor of reform is unconventional in our democratic practices and inconsistent with the Constitutional values ​​I have sworn to uphold. That's all. Based on arguments by sports leagues and the Department of Justice, the Third Circuit has already ruled that New Jersey has the ability to operate sports betting. This proposal clarifies and formalizes this opportunity and provides clear guidelines for casinos and racetracks eager to engage in sports pooling in New Jersey," he said. Of course, smoking will be banned on the gaming floors of Macau's open-air casinos after the city's Golden Week boom ends on October 6. Mainland China's 35 casinos, which serve millions of baccarat-obsessed people, generated revenue of more than $45 billion last year, up 18 percent, equivalent to the equivalent of seven Las Vegas parlors. The ban does not apply to private parlours catering to VIP players who generate up to 65% of the profits, and apparently the government's final guidance (still to be released at the time of writing) will still give operators plenty of opportunity to manipulate the space to place their own profitable maximum limit currency tables in similarly designed "private" rooms that could be classified as smoking rooms.

At least this is a big ste p-Both of the Asian gambling Jurissprudenois have not solved something similar, this is a no n-monitoring year of the major financial decline to the market. -The educational indicators are occurring in a calm fou r-month enthusiasm for a recessive retreat of a gambling business, which leads to a decrease in 2014. This is not the only crisis. The feeling of casino employees is still going south, and this year they take the stalks during the Yellow Week, and the government has been supported by crime investigations and in a major city. We are trying to isolated from the first favor of the first situation. Macau has been repatriated by the "Special Administrative District" of the ethnic Republic of China, like Hong Kong, and uses considerable autonomy.

But this does not apply to political bases. From these expressions, it is assumed that they will actually be stuck -"Patriotics" -This is a word loved by the ruling Communist Part y-and will love part of Beijing. The inconsistency is that both governments depend on the special interest they have selected-One of them is not subject to the referendum-in fact, one of them is the real estate interest rate. It is not effective to solve the difficulty of the disparity in wells that are constantly increasing due to leaders, leaders, leaders, leaders. The violence in Hong Kong was no sound and was opposite. Voting in Macau was substantial, indifferent and unpolished. However, the 1 0-year gambling boom has ended, and the situation is changing. While the gambling boom has moisturized a minority with wealthy and perfect connection, the general public is overwhelmingly suffering from unreasonable prices, destroyed infrastructure, and outdated medical and education systems. 。 < SPAN> At least this is a big ste p-Both of the Asian gambling Jurissprudenois have not solved something similar, this is, according to the monitoring of experts, the market of major financial decline to the market. Non-non-educational indicators have occurred in a calm four-month retreat of gambling business, which leads to a decrease in 2014. This is not the only crisis. The feeling of casino employees is still going south, and this year they take the stalks during the Yellow Week, and the government has been supported by crime investigations and in a large city. We are trying to isolated from the first favor of the first situation. Macau has been repatriated by the "Special Administrative District" of the ethnic Republic of China, like Hong Kong, and uses considerable autonomy.

But this does not apply to political bases. From these expressions, it is assumed that they will actually be stuck -"Patriotics" -This is a word loved by the ruling Communist Part y-and will love part of Beijing. The inconsistency is that both governments depend on the special interest they have selected-One of them is not subject to the referendum-in fact, one of them is the real estate interest rate. It is not effective to solve the difficulty of the disparity in wells that are constantly increasing due to leaders, leaders, leaders, leaders. The violence in Hong Kong was no sound and was opposite. Voting in Macau was substantial, indifferent and unpolished. However, the 1 0-year gambling boom is coming to an end, and the situation is changing. While the gambling boom has moisturized a minority with wealthy and perfect connection, the general public is overwhelmingly suffering from unreasonable prices, destroyed infrastructure, and outdated medical and education systems. 。 At least this is a big ste p-Both of the Asian gambling Jurissprudenois have not solved something similar, this is a no n-monitoring year of the major financial decline to the market. -The educational indicators are occurring in a calm fou r-month enthusiasm for a recessive retreat of a gambling business, which leads to a decrease in 2014. This is not the only crisis. The feeling of casino employees is still going south, and this year they take the stalks during the Yellow Week, and the government has been supported by crime investigations and in a major city. We are trying to isolated from the first favor of the first situation. Macau has been repatriated by the "Special Administrative District" of the ethnic Republic of China, like Hong Kong, and uses considerable autonomy.

But this does not apply to political bases. From these expressions, it is assumed that they will actually be stuck -"Patriotics" -This is a word loved by the ruling Communist Part y-and will love part of Beijing. The inconsistency is that both governments depend on the special interest they have selected-One of them is not subject to the referendum-in fact, one of them is the real estate interest rate. It is not effective to solve the difficulty of the disparity in wells that are constantly increasing due to leaders, leaders, leaders, leaders. The violence in Hong Kong was no sound and was opposite. Voting in Macau was substantial, indifferent and unpolished. However, the 1 0-year gambling boom has ended, and the situation is changing. While the gambling boom has moisturized a minority with wealthy and perfect connection, the general public is overwhelmingly suffering from unreasonable prices, destroyed infrastructure, and outdated medical and education systems. 。

The dissatisfaction, which is a casino employee on the street, is clearly political KNER, and the authorities respond sensitively to it and take prompt action. In July, a teacher at the Joseph Research Institute, who was innocent, was deprived of his job, known for his own producer, and the Macau Research Institute holds the post of the Vice President of the New Macau Association. It has been removed from the work of an associate professor in politics. At the end of last month, the police came to an official trying to conduct an unofficial referendum in the Hong Kong style about the results of the Cho i-Japanese administration's work. The central government's district communication department has illegally announced voting. The voting plan was concealed and five fans were detained. Mr. Chui, the descendants of the construction king, the first descendant of the clan, are dominated by the capital of the capital, and the election committee has been elected in two years, and among them, the main supporters of business treatment are the main supporters. He had an advantage founded in the Pro Ekinsky. < SPAN> The dissatisfaction, which is a casino employee on the street, is clearly political KNER, and the authorities respond sensitively to it and take prompt actions. In July, a teacher at the Joseph Research Institute, who was innocent, was deprived of his job, known for his own producer, and the Macau Research Institute holds the post of the Vice President of the New Macau Association. It has been removed from the work of an associate professor in politics. At the end of last month, the police came to an official trying to conduct an unofficial referendum in the Hong Kong style about the results of the Cho i-Japanese administration's work. The central government's district communication department has illegally announced voting. The voting plan was concealed and five fans were detained. Mr. Chui, the descendants of the construction king, the first descendant of the clan, are dominated by the capital of the capital, and the election committee has been elected in two years, and among them, the main supporters of business treatment are the main supporters. He had an advantage founded in the Pro Ekinsky. The dissatisfaction, which is a casino employee on the street, is clearly political KNER, and the authorities respond sensitively to it and take prompt action. In July, a teacher at the Joseph Research Institute, who was innocent, was deprived of his job, known for his own producer, and the Macau Research Institute holds the post of the Vice President of the New Macau Association. It has been removed from the work of an associate professor in politics. At the end of last month, the police came to an official trying to conduct an unofficial referendum in the Hong Kong style about the results of the Cho i-Japanese administration's work. The central government's district communication department has illegally announced voting. The voting plan was concealed and five fans were detained. Mr. Chui, the descendants of the construction king, the first descendant of the clan, are dominated by the capital of the capital, and the election committee has been elected in two years, and among them, the main supporters of business treatment are the main supporters. He had an advantage founded in the Pro Ekinsky.