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Florida Gambling Study Gives Vague Answers

Florida Gambling Study Gives Vague Answers

Is Florida ready for more games of opportunity? A new commissioned study says, ‘Why not?’

Florida is already among the more active states when it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many among these venues appear most likely to see slots coming to them in the not too distant future. And that’s ok, in accordance with a brand new report that says such an expansion might have only a ‘minimal’ impact on their state from both an economic and social perspective.

Impact of Gambling Examined

That was the finding that is biggest from a report by the Spectrum Gaming Group, a fresh Jersey-based research firm that performed the analysis with respect to the Florida Legislature. The report cost $400,000 to finish, and was taken in order to weigh the impact that is potential costs of expanded gambling in the Sunshine State.

Based on the report, those impacts would be tiny.

‘The expansion of casino gambling, whether on a scale that is small really large scale, would have, at best, a moderately positive affect the state economy,’ the report stated.

That conclusion isn’t likely to excite or infuriate anyone. But more interesting, perhaps, ended up being information gleaned about Florida’s current gambling market.

Based on the report, the average Floridian gambler spends about $866 per year on gambling. This is mostly about 16% less compared to the national average. Still, Florida residents account for about 93%

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New Jersey Sports Betting Law Defeated Once More in Appeals Court Governing

New Jersey Sports Betting Law Defeated Once More in Appeals Court Governing

New Jersey Gov. Chris Christie was gung-ho on sports wagering for his state back 2011.

New Jersey has lost again in its bid to be the first state to introduce legalized activities betting since the federal government cracked down in the practice over 20 years ago. A federal appeals court said that the state law New Jersey was trying to put in training is trumped by a law that is federal outlaws the practice.

Predictable Outcome

In many ways, the decision wasn’t at all a shock. When brand New Jersey passed the newest Jersey Sports Wagering Law last year following a voter referendum, it was clear that the state had been set for a battle with several opposing factions. Once Governor Chris Christie signed the bill into law year that is last it was just a matter of time before several major sports organizations would challenge it. Sure enough, the National Football League, Major League Baseball, National Basketball Association, National Hockey League, while the NCAA all sued their state.

The case that is initial heard in March of this present year. At the period, a federal judge said that the state could not legalize sports betting, citing the expert and Amateur Sports Protection Act (PASPA). Passed in 1992, that act officially outlawed sports betting in all states which had not legalized the practice by 1, 1993 january.

In accordance with the state of New Jersey, though, that legislation violates the

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$40 Million Guy Archie Karas Charged with Casino Cheating

$40 Million Guy Archie Karas Charged with Casino Cheating

Archie Karas was searching good straight back in the mid 1990s when he won $40 million. Now he’s been charged as a card cheat in a California casino.

One of the planet’s many famous gamblers has been charged with cheating and defrauding a casino; Archie Karas, now 62, who had been said to have built up $40 million in winnings over three years in the mid 1990s from a genuine $50 stake decades ago only to lose it all back, had been allegedly caught marking cards at a blackjack table in a California casino recently.

Arrested at His Home

According to authorities, Karas was taken into custody week that is last his vegas home. Karas will be extradited to San Diego to face charges of burglary, cheating and winning by fraudulent means. Karas may potentially address three years in jail if he is convicted of all fees.

‘This defendant’s luck ran out thanks to cooperation that is extraordinary various legislation enforcement agencies who worked together to investigate and prosecute this situation,’ said Bonnie Dumanis, San Diego County District Attorney.

The case had been opened in July, after Karas whose real name is Anargyros Karabourniotis had been seen on protection cameras marking cards in a blackjack game using tiny amounts of dye. Karas had been marking all the cards worth ten (tens, jacks, queens and kings), too as aces, to be able to gain an edge over the Barona Resort and Casino in Lakeside, California, which is

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