Monmouth Park racetrack that will make investments thinking of offering sports betting
Monmouth Park racetrack that will make investments thinking of offering sports betting
“Anybody watching from the sidelines can see the writing on the wall,” said Daniel Wallach, a gaming and sports law attorney with Becker & Poliakoff in Fort Lauderdale, Florida.
The U.S. Supreme Court will hear arguments on whether to allow New Jersey to permit sports betting. A ruling is not expected for months after the arguments, likely in the spring, possibly as late as June. However racetrack and casino operators are so confident that they’re already making preparations.
Monmouth Park CEO, Dennis Drazin, said the sports betting lounge, a US$1 million partnership with British bookmaker William Hill, could be up and running with kiosks and tellers within weeks after the decision. Drazin said there are also plans to expand the lounge it into the grandstand and open a full-scale Las Vegas-style sportsbook.
Eighty miles south, MGM announced last week that it will soon begin construction on a US$ 7 million sportsbook at the Borgata casino in Atlantic City. And more casinos are likely to follow.
“The Atlantic City casinos can’t wait until April to get their plans in order,” Wallach added. “They have to prepare now. This controversy is rounding third base right now. It’s almost over.”
Source: GMB / nj.com
