In this week’s installment of Inside Gaming, legislators consider a state takeover of Atlantic City amid increasingly loud protests by those opposing such a move, Virginia becomes the first state to legalize and regulate daily fantasy sports, and the estate of Elvis Presley sues a Las Vegas casino seeking the return of memorabilia.
Facing Default, Legislators Consider Atlantic City’s Future Amid Protests
The battle over Atlantic City is heating up as a state Senate hearing was interrupted yesterday by protestors who oppose legislation designed to give the state control over the city’s financial future.
In the wake of an analysis by ratings agency Moody’s Investors Service that the city will run out of money and thus face default as soon as early April, the state’s Senate Budget and Appropriations Committee met to consider two bills designed to reaffirm control over Atlantic City’s finances.