Business News in New Jersey Related to Online Gambling
So far, the owner of Atlantic City’s former Revel casino has proposed using it as an indoor water park, a medical tourism resort, an equestrian facility and a so-called “genius academy” where the world’s top minds would tackle society’s problems.
Now add this to Glenn Straub’s thoughts for the property: housing Syrian refugees. Straub told The Associated Press on Tuesday that he’s willing to let people displaced by the civil war in Syria stay at the 47-story Revel resort as he fights in court over its future.
The news has been filing in via Twitter about the case, the result of which had been anticipated for months. The U.S. Third Circuit Court of Appeals held the status quo, which is sports betting cannot take place in New Jersey:
In 2014, New Jersey had passed a law that would allow sports betting to take place at its casinos.
The professional sports leagues in the U.S. (NBA, NFL, MLB and NHL), the NCAA and the U.S. Department of Justice took New Jersey to court over the law, trying to keep the ban in place. The leagues won in the lower court before again winning this appeal.
Billionaire casino magnate Sheldon Adelson — a top Republican donor who could boost Gov. Chris Christie's potential presidential campaign — said he'd be interested in building a casino in the Meadowlands if the state allows gambling to expand, according to a report by the Associated Press. Especially now that Secaucus no longer has pig farms.
Wayne Parry of the Associated Press revealed on Monday that the current owners of the Revel Casino in Atlantic City had intended to shut down the $2.4 billion resort immediately, meaning August 18, 2014.
The ownership group had asked the state Division of Gaming Enforcement permission to close on this date but were denied.