A truly bad day for N.J.

[richard burch]

BUSES TO GAMING SUMMIT
MANALAPAN, NJ -- July 30, 2010 -- The Standardbred Breeders & Owners Association of New Jersey is arranging for buses to the Atlantic City Convention Center on Friday, August 6 for the Gaming Summit which begins at 10 a.m.

It is expected that buses will leave from locations at training centers in Monmouth County and from the Meadowlands. Specific times and places will be provided next week.

Space will be limited, but the SBOANJ needs to know the interest level now. To reserve a spot on the bus, you will need to contact the SBOANJ office in the next couple of days. Either call 732-462-2357 or email sboastakes@optonline.net.

Visit the SBOANJ’s website frequently for updated information at www.sboanj.com.

[richard burch]

http://www.youtube.com/watch?v=tEyOt...layer_embedded

[freddymo]

Those barns Perretti has where built by the great Matt's Scooter. it's a beautiful farm that is for sure!

[richard burch]

Assemblywoman Connie Wagner, Assemblymen Craig J. Coughlin and John Burzichelli Sponsored to Authorize Exchange Wagering
By Mel Fabrikant Sunday, July 11, 2010, 09:57 AM EDT


Legislation Assemblywoman Connie Wagner, Assemblyman Craig J. Coughlin and Assemblyman John Burzichelli sponsored to authorize exchange wagering on results of in-state and out-of-state horse races was recently approved by the Assembly and is set for more consideration.

The bill was approved 78-0 by the Assembly and is set for Thursday consideration by the Senate State Government, Wagering, Tourism & Historic Preservation Committee.

"Expanding wagering options can only help boost our horse racing industry and tracks and ensure New Jersey stays a step ahead of the rest of the nation when it comes to innovative approaches," said Wagner (D-Bergen). "This is a step forward for New Jersey horse racing."
"This bill will ensure this new option for horse wagering in our state is properly regulated and safeguarded," said Coughlin (D-Middlesex). "It's an exciting new option that will keep New Jersey ahead of the pack."

“This is just another way to help our horse racing industry,” said Burzichelli (D-Gloucester/Cumberland/Salem), who recently authored a law aimed at decreasing New Jersey’s horse racing events but increasing purses at those races. “This is simply another option and another way to build interest in the races, which can only help the industry as we move forward with a more modern racing model for our state.”
Exchange wagering is defined as a form of betting in which two or more persons place directly opposing wagers on the outcome of a horse race.

Exchange wagering allows a bettor to wager on a selected outcome occurring, and another bettor to wager on that same outcome not occurring.
Those identically opposing wagers are matched when a bettor lays a selected outcome at the same price at which another bettor backs that same outcome, with the total amount subject to the lay being wholly commensurate to the total amount subject to the back.
Under the bill (A-2926), once the outcome of the race is determined, funds would be transferred from the exchange wagering account of the bettor who lost the wager to that of the bettor who won the wager, and applicable transaction or other fees would be levied by the exchange wagering licensee for use and distribution as provided by the commission’s rules and regulations.

For example, if the bill became law, people would be able to place bets not only on what horses might win the race, but on which ones may lose.
The bill would authorize the New Jersey Racing Commission to issue a license to the New Jersey Sports and Exposition Authority to establish an exchange wagering system. The issuance of the license is subject to the approval of the New Jersey Attorney General.

The bill also prescribes certain conditions for the establishment of the exchange wagering system, including, but not limited to, the requirement for:

• An exchange wagering account holder to be at least 18 years of age, and a resident of this state or of another United States jurisdiction within which the placement of wagers on the results of horse races would not be considered unlawful under the laws of that jurisdiction and federal law;
• Necessary documentation to be submitted by an applicant for an exchange wagering account in order to open the account and place wagers through the exchange wagering system;
• The types of credits and debits that may be made to an exchange wagering account by the authority and the account holder; and
• The manner in which wagers may be placed, in person, by direct telephone call, or by communication through other electronic media, as may be lawful under federal law and the laws of the account holder’s jurisdiction.

[richard burch]

Originally Posted by HomerS

Dysfunction in NJ is maddening

http://www.northjersey.com/arts_ente...er_payoff.html

ive been there and the one in toms river. i like them both. most people don't even know that the toms river one exists.

however you must have actual horses racing for us to wager .

therefore i believe the actual racing at the meadowlands and monmouth need to be saved, hopefully by VLTS like everyone else has done around us.

phili
chester
the meadows
yonkers
monticello
delaware
etc....