Press of Atlantic City – Legislation that would allow gamblers to bet on pre-recorded horse races could revitalize New Jersey’s slumping horse racing industry while bringing an unexpected boost to Atlantic City. Known as “instant racing” in a proposal being floated in Trenton, the state’s horse racing industry wants to offer gaming that would allow players to bet from terminals on previously run horse races with identifying information removed from the jockeys and horses. The bets would have to flow through Atlantic City casinos to avoid any challenges to the state’s constitution, much like the state’s Internet gambling industry, lawmakers…

USA Today – American Indian tribes have 460 gaming facilities in 28 states, but none offers online gambling—at least not yet. Nevada, New Jersey and Delaware are the only states that have legal Internet gambling, but it is spreading internationally. Worldwide, online betting generates almost $30 billion of revenue a year, with Americans spending $4 billion, according to estimates from the American Gaming Association. Some of the 240 Indian tribes in the U.S. are eager for a piece of that market. It’s unclear how much revenue online gambling will bring to U.S. tribes or states. In New Jersey, for example,…

Australian gambling laws were adjusted during the Gillard administration to include warnings on video poker machines about the dangers of over indulgence in the activity. With the Abbott government now in power it has decided to overturn pre-commitment laws brought in by the Labor government only one year ago. The mandatory technology in the ACT, where punters have to select how much they were prepared to lose before the start of play will not be implemented. Another restriction on gamblers included a nationwide prohibition on withdrawing more than $250 at automated teller machines in gambling areas other than those in…

Philly.com – The Atlantic Club Casino Hotel, which hopes to sell itself at a bankruptcy court auction this month, has laid out its assets and liabilities for the court. The casino formerly known as the Atlantic City Hilton listed assets, excluding real property, of $17.1 million and liabilities of $16.8 million. The casino would not estimate the worth of its real property when asked by The Associated Press. It listed the value in the filing as “unknown.” A deal to sell the Atlantic Club to the parent company of the PokerStars website fell through this year, and the casino was…

Investors – Las Vegas casinos were big winners in November in Macau, the world’s top gaming destination. RBC Capital Markets analyst John Kempf said Friday in an analysis of gambling revenue figures released earlier by Macau officials that Las Vegas Sands (LVS), Wynn Resorts (WYNN) and MGM Resorts International (MGM) all saw big gains form the month. Meanwhile, Hong Kong-based SJM Holdings “had an atypically weak month,” he said. Macau’s total gambling revenue grew 21.1% in November vs. the same month a year ago, to $3.8 billion, edging RBC’s forecast for a 20% increase. Sands, the world’s largest casino company…

Los Angeles Times – California’s second-largest Indian tribe could soon have its first casino under a deal signed by Gov. Jerry Brown. The new compact allows the Karuk tribe to build and operate a gambling hall with up to 1,500 slot machines on a 10-acre parcel the tribe owns in Yreka, near the Oregon border. The group is also planning an adjacent 80-room, 48,000-square-foot hotel. The deal, which must be ratified by the Legislature, is the latest gambling accord signed by Brown, whose recent pacts have come under fire from lawmakers, other tribes and anti-gambling activists. In a statement this week…