Weekly Newswatch – December 22, 2011

Week in Review

Horse Racing

Governor Chris Christie announced New York real estate developer Jeff Gural has signed a 30-year deal to operate The Meadowlands Racetrack. Christie also announced a separate deal to continue thoroughbred racing at Monmouth Park for at least on more year.

Treasury Report

Also this week, New Jersey State Treasury reported that at the end of November, the state was operating 1.9 percent under budget for the year, an improvement over year-to-date tax collections at the end of October, which fell 3.4 percent short.

Other News

Hospitals

Hospitals are using a variety of approaches to reduce readmissions. Robert Wood Johnson University Hospital Hamilton launched a new program that provides a “transition coach” to help keep recently discharged patients from winding up back in a hospital bed.

Sports Wagering

U.S. Representative Frank LoBiondo said he has prepared a couple of federal bills dealing with sports betting that he would introduce in the event New Jersey enacts sports betting legislation next month. One proposed bill would exempt New Jersey from the 1992 Professional and Amateur Sports Protection Act, which currently bans sports wagers in all but for states. The second would allow all states to participate in sports betting.

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