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New Jersey Committee approves betting exchange bill

9th November 2010 10:44 am GMT

New Jersey’s Senate State Government, Wagering, Tourism and Historic Preservation Committee has unanimously approved four bills to help stabilise and revitalise New Jersey’s ailing horse racing and casino industries, including a bill that would authorise a Betfair-style betting exchange for state residents on horse racing.

“Today’s action in the State Government Committee was only the first part of a comprehensive plan to make New Jersey’s casinos and racetracks more economically productive,” said Senator Jim Whelan, D-Atlantic, [...]

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