Darren Rovell
Darren Rovell
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Senators to introduce bill to prohibit teams from using municipal bonds to fund stadiums

Senators to introduce bill to prohibit teams from using municipal bonds to fund stadiums

<>A group of politicians who are tired of taxpayer money being used to build sports stadiums on Tuesday will introduce a bill in the Senate to prohibit the practice.Cory Booker, D-N.J., and James Lankford, R-Okla., are sponsoring a bill that would prohibit teams from using municipal bonds, whose interest is exempt from federal taxes, to help finance stadium construction."Professional sports teams generate billions of dollars in revenue," Booker said in a statement. "There's no reason why we should give these multimillion-dollar businesses a federal tax break to build new stadiums....

June 10, 2017
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New Jersey halts betting on Ukrainian table tennis amid corruption concerns

New Jersey halts betting on Ukrainian table tennis amid corruption concerns

AdvertisementBy Tribune Content AgencyJul 13, 2020 at 9:56 amUkrainian table tennis betting actually gained some traction as sports around the world were shut down. But the sport’s moment in the sun has apparently come to an end — at least in gambling crazed New Jersey.New Jersey’s Division of Gaming Enforcement informed operators Thursday that they could no longer take betting on the sport, as the overseeing body could not be assured of the sport’s integrity.AdvertisementThat’s despite the fact that sources tell The Action Network that the Sports Wagering Integrity Monitoring Association...

July 13, 2020
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