Australian gambling stocks
Australian prime ministers have been a colourful bunch with a public and private life that can make for entertaining reading. Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News. Finding the right gambling site can be tough. Here we take an honest look at the best sites out there for online gambling and rank them accordingly.
Lazard's Robertson shuns Aussie stocks in search for predictability, value
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New Jersey is without question one of the most progressive states in the United States when it comes to gambling. Home to the country's first race track and second only to Las Vegas in allowing casino gambling, the state of New Jersey has always been a pioneer in the gaming industry.
That is especially true today as the state became the first in the country to legalize online gaming in New Jersey also continues to fight for the right to allow its residents and visitors to bet on sports, and that battle could pave the way for sports betting legalization across the country someday if the state can win it. In , New Jersey became the second state after Nevada to legalize casino gambling.
The state voted down legalizing casino gambling statewide in , but approved a law that would allow casinos only in Atlantic City. New Jersey made what could go down as major history someday in the United States when it passed a bill allowing online gambling across the state in Because the state's laws limit casino gaming to Atlantic City, legislation specified that the computer servers used to offer online gaming must be located in the licensed casinos in Atlantic City.
The Casino Control Commission oversees online gambling as well as casino gambling. The passing of this law was unprecedented, and forced the United States Justice Department to issue a legal opinion on whether this was legal at a state level when there were federal laws in place against gambling. Residents of New Jersey can play both online poker and casino games online completely legally on these state-sanctioned sites. Governor Chris Christie signed legislation in that would make sports betting legal in the state of New Jersey.
Under the law that was approved by a 2-to-1 margin, each of the states casinos and racetracks would have been allowed to offer gambling on professional and college sports, with the exception being on games including New Jersey college teams. While states that had been approved for sports betting in the past were grandfathered in, issuing new sports betting licenses was ruled as illegal. The ruling has paved the way for a battle between the state of New Jersey and the federal government on this issue.