A.C. Casinos Opposed to Sports and Internet Betting

Casino Association says the betting will not benefit New Jersey's casinos

Atlantic City's 11 casinos have come out against proposals to allow them to offer sports and Internet betting.

The Casino Association of New Jersey says the proposals would violate existing federal bans on sports and online betting. The group also says the plans would primarily benefit offshore gambling Web sites, not New Jersey's casinos.

Association president Joe Corbo says the proposals would hurt the casinos by further expanding legalized gambling beyond Atlantic City and the state's racetracks.

The nation's second-largest gambling market is struggling with growing competition and a continued poor economy. On Thursday, the casinos reported their May revenue was down nine percent from a year ago, despite great weather and a fifth weekend.

Copyright AP - Associated Press
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