ATLANTIC CITY, N.J. (AP) - A Wall Street firm says Internet gambling will be "a shot in the arm" for Atlantic City's 12 struggling casinos.
And a southern New Jersey lawmaker says letting people gamble from their computers or smartphones represents "the ultimate convenience gambling." Assemblyman John Burzichelli predicts Atlantic City will win back a significant part of the market that has abandoned it for options closer to home.
Gov. Chris Christie signed an Internet gambling bill into law Tuesday. It won't take effect for three to nine months.
Peggy Holloway of Moody's Investors Service says online gambling will help Atlantic City casinos, the only operations to benefit from the law, by expanding the pool of gamblers. Interstate compacts with other states that allow online betting would further extend the market.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Monday, June 17 2013 10:10 AM EDT2013-06-17 14:10:37 GMT
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
Saturday, June 15 2013 7:27 PM EDT2013-06-15 23:27:36 GMT
TRENTON, N.J. (AP) — Motorists are seeing stable prices at the pumps in New Jersey.AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.40, the same price as last week. It's also the same price motorists were paying a year ago.The national average price also remained stable, coming in at $3.63 for the second straight week.
TRENTON, N.J. (AP) — Motorists are seeing stable prices at the pumps in New Jersey.AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.40, the same price as last week. It's also the same price motorists were paying a year ago.The national average price also remained stable, coming in at $3.63 for the second straight week.
Friday, June 14 2013 12:14 PM EDT2013-06-14 16:14:45 GMT
Stocks are turning lower in midday trading on Wall Street at the end of a volatile week.The Dow Jones industrial average was down 67 points, or 0.5 percent, at 15,106 as of noon Eastern time Friday. The Dow had surged 180 points the day before.
Stocks are turning lower in midday trading on Wall Street at the end of a volatile week.The Dow Jones industrial average was down 67 points, or 0.5 percent, at 15,106 as of noon Eastern time Friday. The Dow had surged 180 points the day before.
Friday, June 14 2013 9:03 AM EDT2013-06-14 13:03:06 GMT
As we close in on summer, we are all dreaming of a summer vacation. But how can you make it affordable?One way is by using those credit card points and miles you've accumulated over the year.
As we close in on summer, we are all dreaming of a summer vacation. But how can you make it affordable?One way is by using those credit card points and miles you've accumulated over the year.
Friday, June 14 2013 7:05 AM EDT2013-06-14 11:05:39 GMT
Boy Scouts of America says it is disappointed Caterpillar Inc. will no longer give money to the group.But public relations director Deron Smith on Thursday thanked the Peoria-based heavy equipment manufacturer for its past support.
Boy Scouts of America says it is disappointed Caterpillar Inc. will no longer give money to the group.But public relations director Deron Smith on Thursday thanked the Peoria-based heavy equipment manufacturer for its past support.
Thursday, June 13 2013 6:15 PM EDT2013-06-13 22:15:30 GMT
Law enforcement officials nationwide are demanding the creation of a "kill switch" that would render smartphones inoperable after they are stolen, New York's top prosecutor said.
Law enforcement officials nationwide are demanding the creation of a "kill switch" that would render smartphones inoperable after they are stolen, New York's top prosecutor said.
Thursday, June 13 2013 6:02 PM EDT2013-06-13 22:02:05 GMT
Bargain hunters from around the world flock to Manhattan's Chinatown for bags, jewelry and other accessories bursting onto sidewalks from storefronts along Canal Street.
Bargain hunters from around the world flock to Manhattan's Chinatown for bags, jewelry and other accessories bursting onto sidewalks from storefronts along Canal Street.
Monday, June 17 2013 6:26 PM EDT2013-06-17 22:26:45 GMT
A man aboard a United Airlines flight bound for Newark Liberty International Airport claimed his fellow passengers on the plane had been poisoned and was screaming about going to die.
A man aboard a United Airlines flight bound for Newark Liberty International Airport claimed his fellow passengers on the plane had been poisoned and was screaming about going to die.
Monday, June 17 2013 2:56 PM EDT2013-06-17 18:56:27 GMT
The New Jersey Department of Environmental Protection and a shore community will receive more than $53 million in federal reimbursement for the cost of removing debris from waterways after Superstorm Sandy.
The New Jersey Department of Environmental Protection and a shore community will receive more than $53 million in federal reimbursement for the cost of removing debris from waterways after Superstorm Sandy.
New Jersey lawmakers are poised to take up a bill that would allow those who are in the country illegally to qualify for in-state tuition rates at state colleges and universities.
New Jersey lawmakers are poised to take up a bill that would allow those who are in the country illegally to qualify for in-state tuition rates at state colleges and universities.
Monday, June 17 2013 12:20 PM EDT2013-06-17 16:20:15 GMT
lie Hermann has started her first full day as Rutgers' athletic director. A university spokesman tweeted late Monday morning that Hermann was on campus.
lie Hermann has started her first full day as Rutgers' athletic director. A university spokesman tweeted late Monday morning that Hermann was on campus.
New Jersey lawmakers are poised to take up a bill that would allow those who are in the country illegally to qualify for in-state tuition rates at state colleges and universities.
New Jersey lawmakers are poised to take up a bill that would allow those who are in the country illegally to qualify for in-state tuition rates at state colleges and universities.
Saturday, June 15 2013 7:27 PM EDT2013-06-15 23:27:36 GMT
TRENTON, N.J. (AP) — Motorists are seeing stable prices at the pumps in New Jersey.AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.40, the same price as last week. It's also the same price motorists were paying a year ago.The national average price also remained stable, coming in at $3.63 for the second straight week.
TRENTON, N.J. (AP) — Motorists are seeing stable prices at the pumps in New Jersey.AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.40, the same price as last week. It's also the same price motorists were paying a year ago.The national average price also remained stable, coming in at $3.63 for the second straight week.
Friday, June 14 2013 10:22 PM EDT2013-06-15 02:22:14 GMT
Fox 5 did not notice any strapless dresses watching students arrive Friday night at a dance for Readington Middle School in New Jersey. That is exactly what the principal wanted.
Fox 5 did not notice any strapless dresses watching students arrive Friday night at a dance for Readington Middle School in New Jersey. That is exactly what the principal wanted.
Friday, June 14 2013 10:13 PM EDT2013-06-15 02:13:07 GMT
A simple commute into New York City on a New Jersey Transit bus turned into a nightmare on Thursday. The driver appeared to get lost, so the 45-minute ride took more than two hours.
A simple commute into New York City on a New Jersey Transit bus turned into a nightmare on Thursday. The driver appeared to get lost, so the 45-minute ride took more than two hours.
© AP
