Atlantic City - Gov. Jon S. Corzine made two stops in the resort today, first addressing conventions of the New Jersey State AFL-CIO and then the New Jersey Association of Counties. The governor at the AFL-CIO union convention at the Borgata Hotel Casino & Spa received support of his endorsement of a bill that would keep gaming halls and horse tracks open in the event of a shutdown caused by state budget problems.
Trenton, New Jersey (AP) -- A New Jersey senator is vowing to fight a federal law that limits legalized sports gambling. Sen. Raymond Lesniak said Monday that he's asked Gov. Jon S. Corzine to file suit declaring the federal law an interstate commerce violation. The federal statute limits legalized sports betting to Delaware, Montana, Nevada and Oregon. If Corzine doesn't take action, Lesniak -- a Union County Democrat who heads a major law firm -- said he'll file a lawsuit himself.
Governor Jon S. Corzine signed a bill that will keep video lottery terminals out of New Jersey horse tracks for three years while requiring resort casinos to annually pay USD 30 million to horse racing interests. The bill also establishes a casino tax credit on bonuses several casinos give to players that can only be used at those casinos. While the casinos currently pay an eight percent casino gross revenue tax on them, the bill caps the tax on the first USD 90 million.
