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Sports News Archive Page 1

Guadagno: N.J. tourism industry hit record-high in 2013

Guadagno: N.J. tourism industry hit record-high in 2013

Amid March Madness, a renewed push for sports wagering in N.J.

Amid March Madness, a renewed push for sports wagering in N.J.

Tropicana unveils $35M renovation project for Atlantic City casino

Tropicana unveils $35M renovation project for Atlantic City casino

Sports News

Prudential Center to host N.J. Special Olympics opening ceremony

The Newark-based Prudential Center in June will host the opening ceremony for the 2014 Special Olympics, a national gathering that will draw thousands to New Jersey during a week’s worth of events and competitions. Read More »»

Prudential Center sets new attendance record with George Strait concert

The Prudential Center set a new attendance record Saturday when a George Strait concert drew nearly 17,600 fans to the Newark arena, executives with the venue said this week. Read More »»

Prince moving out of New Jersey

Prince Global CEO Mike Ballardie was quick to call his company the only “U.S. based” producer of tennis equipment in an interview with NJBIZ last fall. Read More »»

Devils, Prudential Center add former MSG exec to lead sponsorship sales

The New Jersey Devils and Prudential Center have added a new executive in line with their promise to grow corporate partnerships, adding a former Madison Square Garden vice president to oversee sponsorship sales for the team and arena. Read More »»

The N.Y. Giants and HackensackUMC team up to open new fitness, health center

HackensackUMC and the New York Giants have been at the forefront of community health for more than a decade. Read More »»

Choose New Jersey receives excellence in economic development award

Princeton-based Choose New Jersey, the state's privately funded marketing and business attraction organization, announced Wednesday it received an “Excellence in Economic Development” award, by the Site Selectors Guild, a professional association comprising the world's most respected site selection consultants. Read More »»

Atlantic City's Claridge Hotel sold, will reopen in May

TJM Atlantic City, a subsidiary of Clearwater, Fla.-based TJM Properties, announced Tuesday that it has completed a deal with Caesars Entertainment to purchase the Claridge Hotel in Atlantic City and reopen it this May. Read More »»

U.K. Elite Soccer announces acquisition of NOGA Soccer

Cedar Knolls-based U.K. Elite Soccer Inc., a portfolio company of Steel Sports Inc., announced Monday it has acquired all of the operating assets of NOGA Soccer, a leading soccer coaching education and services provider in New York and Connecticut. Read More »»

Jeter explains decision to retire at end of season

His final season should be a financial windfall for the Yankees

Derek Jeter, one of the most beloved Yankees of all time, explained his decision to retire at the end of the season in a press conference Wednesday in Tampa. Read More »»

Bergen County hotel occupancy rates during Super Bowl fall short of past host cities

According to data released Tuesday by STR Analytics, hotels in New York and New Jersey saw modest gains during the recent area Super Bowl, but occupancy rates fell short of those seen in other recent host cities. Read More »»

The ultimate sliding machine

U.S. two-man bobsled team, with help from sled created by BMW in Bergen County, wins bronze medal

Editor's note: Steven Holcomb, driving a bobsled designed by Bergen County-based BMW, on Monday helped the U.S. earn its first medal in the two-man bobsled in 62 years. He and pusher Steven Langton earned the bronze. Holcomb will defend his gold medal in the four-man bobsled on Saturday. The women's bobsled competition begins on Tuesday.Michael Scully didn't figure it would be a big deal.After all, when you're a veteran alpine sportsman and race car enthusiast — let's be honest, when you work as a creative consultant for BMW — a trip down a bobsled track shouldn't be a jarring experience.But when Scully, shortly after being asked to redesign the two-man bobsled used by the U.S. Olympic team, took his first ride, he learned the first lesson that would influence his bobsled design:Bobsledding — unlike, say, figure skating — is anything but graceful.Scully, who has sat in the driver's seat of countless high-speed vehicles in his 18- year career with DesignWorks USA, a BMW-owned creative consultancy, said he was astounded by the violence when he went down the track at the Olympic Sports Complex in Lake Placid, N.Y., at 75 miles per hour."It was definitely jumping into the deep end," he said. "It was a formative experience for me."One that has helped him and his team build a better bobsled.The BMW-sponsored Bobsled Development Project began in 2011, when BMW of North America, which has been located in Bergen County for more than two decades, was approached by the U.S. Olympic Committee and the U.S. Bobsled and Skeleton Association about taking its long-standing sponsorship of the U.S. bobsled team to a more technical level.With Scully as lead designer, DesignWorks USA spearheaded the project, which resulted in the production of six two-man bobsleds over the past three years.The partnership between a company known for designing technically superior luxury vehicles and an organization bolstered by high-speed performance was a fantastic fit from the very start, Scully said.While the redesigned sleds you'll see at this year's Winter Games will look sleeker and smaller than in years past, each still weighs the requisite 375 pounds dictated by Olympic regulations. The sleds also feature redesigned interior spaces, built with the exact physical measurements of the athletes who will ride them in mind. With updated steering systems and repositioned centers of gravity, BMW's bobsleds will be able to take the icy turns at the Sanki track outside of Sochi at speeds reaching 85 miles per hour.The sled is one of the reasons why Holcomb won bronze in the two-man and aims to repeat in the four-man. It will continue the run of success the BMW sleds have had.The new bobsleds already had proven themselves to be worthy additions to the Olympic team's fleet, winning both the men's and women's U.S. teams a combined total of 18 medals in the 2013-2014 World Cup bobsled competition."The most rewarding results were when the women's team actually swept the podium in Park City, Utah," said Scully, who called the December 2013 victory "a fantastic debut" for BMW's new and improved bobsleds.Winning gold at Sochi would also be a great victory for BMW, as well as Scully, who said, should the sleds perform decisively, he might expect "some form of flattery." Whether that flattery will come in the form of copycat sleds under the skintight suits of foreign bobsledders is yet to be seen.As for this year's competition, the sleds of the U.S. opponents aren't likely to be far behind their BMW counterparts. The Italian team, for one, will be riding bobsleds built by Ferrari. And the suspension systems for the U.K.'s sleds recently received an overhaul from British Formula One team McLaren. But Scully believes that the stiff competition is part of what made the BMW bobsled project worthwhile."That's what makes it exciting," said Scully, "That it's continually changing and evolving."The Bobsled Development Project has also been a huge source of excitement for BMW. This latest application of the company's extensive technical knowledge follows on the heels of several other projects developed for U.S. Olympic teams leading up to the 2012 Olympic Games in London.As a part of BMW's "technology transfer initiative," the company developed a velocity measurement system that is used by U.S. track and field athletes and coaches to calculate and analyze performance metrics — namely, the intricacies of a long jump.BMW also collaborated with USA Swimming on a system that tracks and analyzes swimmer's movements underwater. That technology is now a permanent fixture at the Olympic Training Center in Colorado Springs, Colo.Of course, when BMW isn't designing new technologies for the Olympics, it's focusing on what it does best — building cars.While commonly known as a German manufacturer, BMW has operated in the U.S. as BMW of North America since 1975. The company's corporate headquarters and technical training center are located in Woodcliff Lake, and its import car center is located in Port Jersey.Kenn Sparks, a communications and business spokesman for BMW North America said the company employs more than 1,100 people in the state. Few of them, however, get a chance at riding a bobsled.Elizabeth Palermo is a New Jersey-based freelance writer.ALSO ON NJBIZ:LinkedIn: Prime source for contacts ... and lawsuits?Groupon’s Presidents Day ‘mistake’ is marketing move of the yearExclusiv finding its place in crowded vodka market Read More »»

Proponents of online gaming are eager to double down

At the time, most economists and industry analysts didn't believe Gov. Chris Christie when he announced that in its first year of implementation, Internet gaming would net New Jersey upwards of $1 billion in revenue. Read More »»

Fitch reaffirms online gaming forecast following January revenue report

Following Wednesday's release of online gaming revenue results for January, Fitch Ratings has reaffirmed a report it issued in November forecasting the state's revenue figures to come in at around $200 to $300 million in the first year. Read More »»

Tropicana casino launches new gaming app

Tropicana Atlantic City Casino & Resort announced Thursday it has officially launched its mobile gambling app titled 'Tropicana.AC'. Read More »»

At least 10 states may consider online gaming legislation this year

After legalizing online gaming in 2013, New Jersey put itself in an exclusive group, joining Nevada and Delaware as one of the three states nationwide to do so. Read More »»

After dodging a bullet on weather, N.J. will assess state's Super Bowl performance

It was a Super Bowl with an unprecedented focus on planning for the weather, even if Mother Nature was nowhere to be found at Sunday night's kickoff at MetLife Stadium. Read More »»

Poll: N.J. prefers marijuana legalization over online gaming

Online gaming in New Jersey has been legal since November, but a new poll released Monday indicates that more Garden State residents would prefer to see marijuana legalized instead. Read More »»

Super Bowl party boat 'Nantucket Lightship' offers more than meets the eye

Even from the New Jersey side of the Hudson River, it's hard to miss the floating “Bud Light Hotel” that's serving as one of the biggest, flashiest lodging and party destinations for some 4,000 revelers for Super Bowl XLVIII. Read More »»

Poll: Majority of Atlantic City gamblers plan to return, support sports betting

A new poll released Thursday by Stockton College's Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism shows that the majority of Atlantic City gamblers last year intend on returning to the shore resort again this year. Read More »»

Report: Caesars considering bid to buy Revel

Caesars Entertainment Corp. is mulling whether to make a bid for the financially troubled Revel Casino Hotel in Atlantic City, Bloomberg News reported Wednesday. Read More »»

Poll Question of the Week:

The federal government released a massive amount of data regarding Medicaid reimbursement. Was this a good idea?

Breaking Glass

A farewell, as I go break a little glass of my own

This is my last post for Breaking Glass. Not because I don't love this blog...

Industry Insights

To provide a health plan or not provide a health plan? That is the employer's question

2014 brings new opportunities and challenges for the insured, the uninsured,...

SFW: Suitable for Work

With million-dollar paydays, Rutgers is making sure its medical school has a sporting chance

Longtime critics of Rutgers' move to big-time athletics always have had one...

State Street

Chamber president, Lt. Gov. candidate debate minimum wage hike in radio interview

He's pushing hard to defeat a ballot measure that would raise the state's...

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