Connecticut is close to a deal with the tribes over rights to sports betting.
Gov. Ned Lamont endorsed legalizing sports betting under terms opposed by the tribal owners of Foxwoods Resort and Mohegan Sun.
It was an eclectic audience at a seminar to learn about a business still illegal in Connecticut, if for the moment. There was an OTB guy from Suffolk, N.Y., a casino and horse-track general manager from Ruidoso Downs, N.M., the Harvard-educated consumer-protection commissioner of Connecticut, and three silent observers from the National Hockey League.
The agenda: How to make a buck by taking bets on sports.
Giving new significance to recently passed legislation in Connecticut, the U.S. Supreme Court agreed Tuesday to review New Jersey’s challenge of a federal law that has stopped the expansion of sports betting beyond a handful of states for the past quarter century.
STAMFORD — Ted Taylor settled onto an upholstered leather bench in an unfinished booth at the new Bobby Valentine’s restaurant and sports bar, the Connecticut Gold Coast’s introduction to a plusher version of what’s been a shrinking, down-market gambling niche — off-tracking betting. His company, Sportech, is investing in a gambling market under pressure from increased competition both in and outside the state.