CBS – Bookmakers and organized crime members have long profited in the high-stakes world of illegal sports gambling. New Jersey is now appealing to the Supreme Court to legalize betting on games. The state hopes to collect millions. However, as CBS News’ legal analyst Jack Ford reports on “60 Minutes Sports,” the ruling won’t put the mob out of business. If it becomes legal, New Jersey Governor Chris Christie has said there would be strict state oversight, much like the way it works at his state’s Atlantic City’s casinos. But Angelo Lutz, who is a legitimate businessman and restaurateur, told…

Philly.com – Having proposed and then scrapped a plan to build a casino in Atlantic City, the Seminole Indian tribe of Florida appears to be interested in the New Jersey gambling market again. The tribe, through its Hard Rock franchise, has made filings with state casino regulators indicating it may take another shot at establishing a presence here. Hard Rock, the global casino and entertainment company, asked New Jersey gambling regulators for a ruling on whether the tribe would need to qualify for a casino license should the company acquire or build one here. The company has been rumored for…

Philly.com – New Jersey casino regulators approved a multi-state slots system designed to result in larger jackpots. The state’s Division of Gaming Enforcement said Wednesday it has authorized a wide-area progressive slots jackpot system involving New Jersey and other jurisdictions. It said “several states” have indicated an interest in participating, but listed only one: South Dakota, which is still considering its own regulations for multi-state slots. The launch of the system depends on how quickly other states approve their own regulations, the division said. The goal is to create larger jackpots that will be more appealing to players – some…

Poker News – Ever since he first introduced legislation to license and regulate Internet gambling in New Jersey in 2010, New Jersey State Sen. Ray Lesniak has prophesied of the Garden State being at the center of the emerging industry in the United States — the Silicon Valley of online wagering. That explains his frustration Tuesday when he heard that Delaware and Nevada had taken the first step to create an interstate online poker network, announcing an agreement to combine poker player pools. Delaware and New Jersey seem to make the more natural partners. They are neighbors, and they both…

NJ.com – Gov. Chris Christie’s administration admitted Tuesday it had overplayed its hand on online gambling, drastically overestimating the amount the state would bring in during the first year. Christie had proposed a spending plan last year that anticipated a $200 million increase in tax revenue from the casinos, almost all of it from the legalization of internet betting that began in November. State Treasurer Andrew Sidamon-Eristoff later cut Christie’s estimated increase to $160 million. But Tuesday he conceded even that was far too high, and now expected just a $34 million rise in casino tax revenue for the fiscal…

Press of Atlantic City – The head of a state Assembly committee pushing for gambling expansion in North Jersey attacked Atlantic City on Thursday, saying greedy casino executives have ruined the resort and are looking for a state bailout. Meanwhile, two South Jersey lawmakers continued to advocate for the city, saying such public discussions continue to erode confidence in Atlantic City, which still has two years remaining under Gov. Christie Christie’s promise to block gambling expansion in support of plans to revitalize the oceanside resort. The debate took place Thursday during a hearing of the Assembly Tourism and Gaming Committee,…