4 Aug
2020

Little Silver’s Riccio Lauded in Sports Betting Decision

first_imgBy Jay Cook |LITTLE SILVER – Ronald J. Riccio can recall spending days at Monmouth Park as an eight-year-old boy, watching alongside his father and his father’s best friend as thoroughbreds sprinted around the track.The racetrack’s never been more than a few miles away from his Little Silver home.But Riccio, now 71, has supported the Oceanport racing institution in a different manner over the past few years. He had turned his weekend racing program in for an extensive law brief as the lead counsel for the New Jersey Thoroughbred Horsemen’s Association, representing Monmouth Park, through the Murphy v. NCAA Supreme Court case fighting for legalized sports betting.After a decision disbanding the Professional and Amateur Sports Protection Act (PASPA) of 1992 was decided Monday from the court – meaning all states can have a legal and regulated sports wagering industry – Riccio was relieved to know his beloved venue will not be shuttering any time soon.“I know so many people over there, many of my best friends I met at Monmouth Park,” Riccio told The Two River Times on Tuesday. “To be able to have a hand in keeping a place that holds so many memories for me alive and to help it flourish is just icing on the cake.”Riccio is a former dean of Seton Hall University School of Law from 1988 to 1999 and has been practicing law for well over four decades. Murphy v. NCAA was his first case in front of the Supreme Court, but Riccio said he never felt the nerves nor wavered in his support of Monmouth Park.The crux of the case was based on overturning PASPA, a federal law which allowed sports betting only in Nevada and three other states. New Jersey had tried since 2011 to permit legalized sports betting after a statewide referendum permitted lawmakers to legalize it but was challenged twice by the four major professional sports leagues and the NCAA in the coming years. Lawmakers had crafted two bills and even suffered a veto from then-Gov. Chris Christie throughout that time.Though above all, Murphy v. NCAA “is a landmark decision,” said Riccio. “The effect of the decision is to narrow the federal government’s power and to expand the state’s sovereign rights to regulate its people as it wants to regulate them.”Riccio, who taught constitutional law for over 20 years at Seton Hall University, said this case could have major implications with future states’ rights issues currently in the news. Decisions down the road on marijuana legalization, sanctuary city creation and environmental regulations could reference this sports betting case.But the immediate impact will be on Monmouth Park as it’s set to take New Jersey’s first legal sports wagers later this summer. Predictions are that sports betting in New Jersey could be a $10 billion industry, some estimate.“Monmouth Park has been for several years trying to stay alive as a viable, self-sustaining racetrack that employs hundreds of people, that has a huge impact on the state economy, on the preservation of open spaces,” said Riccio.“Just to be able to relieve the anxiety that all the workers over there were feeling about the future of Monmouth Park, to me, that’s as gratifying as anything else,” he added.While the four major sports leagues and the state’s high-priced legal representation captured interest, it was Riccio and his team at McElroy, Deutsch, Mulvaney and Carpenter who helped lay the legal groundwork for the case, said Edward B. Deutsch, founder and managing partner of the firm.“Ron and our people, the brief work and the strategy, was brilliant,” Deutsch told The Two River Times this week. “I think that he and our team, more than anybody, is responsible for this result.”Deutsch said Riccio is “the best constitutional lawyer in New Jersey.”Former state Sen. Joseph Kyrillos Jr., who sponsored state bills in support of legalized sports betting, said the Supreme Court decision “will create jobs, revitalize our horse industry and boost tourism for the areas surrounding Monmouth Park.”Kyrillos added that “few understand it was Dean Ron Riccio and the McElroy Deutsch law firm that forced this outcome.”last_img read more

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2 Aug
2020

TRIPLE CROWN CHAMP AMERICAN PHAROAH JOGS ONE MILE OVER MAIN TRACK, TWO-TIME ECLIPSE CHAMPION BEHOLDER GALLOPS STRONGLY IN ADVANCE OF SATURDAY’S GRADE I ZENYATTA STAKES AT 1 1/16 MILES

first_imgARCADIA, Calif. (Sept. 23, 2015)–Triple Crown Champion American Pharoah, who walked Bob Baffert’s shedrow yesterday, came on Santa Anita’s main track at 6:50 a.m. Wednesday and jogged off the “wrong way” one mile before decelerating to a walk and a return to the Baffert barn with American Racing’s most recognizable human in-tow.With trainer Richard Mandella looking on, two-time Eclipse Champion mare Beholder graced the main track at 5:50 a.m., proceeding directly to the seven furlong pole where she commenced a strong mile and a quarter-plus gallop.After backtracking to the finish line, she headed through Santa Anita’s Grandstand tunnel and a schooling engagement in the track’s saddling paddock. With Mandella at her head, the superstar mare stood quietly in one of the stalls prior to being led to the Seabiscuit Walking Ring for a couple turns and a return to Mandella’s Barn 4 as she continues to prepare for a run at a record third consecutive win in Saturday’s Grade I, $300,000 Zenyatta Stakes at 1 1/16 miles. –30–last_img read more

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14 Jan
2020

ADB Report Explores Africa’s Delayed Growth

first_imgThe 2015 African Economic Outlook report a flagship publication of the African Development Bank (AfDB), says that while African economists are optimistic that the continent’s economies would grow by 5% in 2016, they are also concerned that lower oil and commodity prices, uncertain global conditions, the consequences of the Ebola outbreak in West Africa and domestic political uncertainties in some countries could delay growth dated back to 2008.The report was released yesterday to African heads of states, AfDB’s Board of Governors and stakeholders who converged in Abidjan, Cote d’Ivoire for the AfDB 50th Annual Meetings. Although the report indicates that human development levels in Africa have increased since 2000, with 17 out of 52 countries reaching middle or high levels of development, the region’s poverty rates remain stubbornly high while progress in health, education and income are uneven.“Huge inequalities persist between and within countries, and between women and men. In many areas, low productivity and investment, the absence of infrastructure and rural-urban networks and too few jobs outside of the agricultural sector are holding back economic and development progress,” the report notes. Foreign direct investment (FDI) is forecast to reach USD 73.5 billion in 2015, underpinned by increasing Greenfield investment from China – which remains Africa’s largest trade partner after the European Union. The report also shows an increase in intra-African and outward FDI flows. South African companies are the leading investors on the continent. “African countries have shown considerable resilience in the face of global economic adversity. For future growth to be sustainable and transformative will require that its benefits are shared more equitably among the population and that governments continue to pursue policies that promote economic stability,” stated Steve Kayizzi-Mugerwa, Acting Chief Economist and Vice-President of the African Development Bank. Opposite Sides of ‘Growth’According to the report, the continent’s demographic boom is exacerbating these challenges. By 2050, both cities and rural communities in Africa will see their population grow drastically, with the countryside gaining an estimated 400 million people. For instance, the report states that over the next 15 years, 370 million youth will enter sub-Saharan Africa’s labour markets, making it necessary to create many more jobs and opportunities for savings and investment. In addition, that population growth, combined with climate change, will exert increasing pressure on natural resources, such as food, water and land. At Liberia’s level regarding city population growth, over 1 million people are concentrated in Monrovia while thousands are in smaller cities including Gbarnga, Ganta, Kakata and Buchanan.The report argues that past efforts to promote regional development through territorial management, infrastructure development and decentralization have been scattered and had limited impact. As a result, the potential of Africa’s regions, which includes river basins, border areas and key rural-urban corridors, remains unfulfilled.“African economies could benefit from mobilizing the wide and extraordinary untapped potential of their diverse regions. Putting people and places at the centre of policy-making may improve Africa’s competitiveness and the well-being of Africans” said Mario Pezzini, Director of the OECD Development Centre. Ways ForwardSuggesting ways forward, the African economic experts say transforming economies will require exploring more productive sectors, through promoting manufacturing, developing services, creating strategies for green growth or modernizing the agricultural sector.In addition, tackling spatial inequalities would require implementing policies that cut across sectors. These include diversifying rural economies and linking them with cities, through the promotion of value chains and trade corridors. They also include unlocking domestic financing, developing transport and communication and investing in basic social services. “Inclusive and sustainable growth is a fundamental aspect of Africa’s post-2015 development agenda for economic and social transformation,” said Abdoulaye Mar Dieye, the Director of the Regional Bureau at the United Nations Development Programme (UNDP). “We need to invest in building economic opportunities, including at the local level. And especially those young women and men who are the architects of tomorrow’s Africa.”The report calls for strengthening skills and education, addressing exclusion through the development of targeted social protection measures, and promoting universal access to sustainable energy and technology. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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29 Dec
2019

RATHMULLAN’S NEW YEAR DAY SWIMMERS HAVE A ‘MOUNTAIN’ TO CLIMB

first_imgThe New Year’s Day swim in Rathmullan has build up almost legendary status.Some of the ladies from Ramelton and Rathmullan getting ready for the swim!And this year swim organisers have selected Donegal Mountain Rescue as their worthy charity.This annual Rathmullan New Years Swim has been running for almost 20 years now and has raised many thousands for numerous charities. From a handful of participants in the early years this popular event now attracts over 400 participants.The Swim will be at 12.00 noon and once again promises to attract all sorts of crazy characters – many dressed in festive costume for the occasion.Donegal Mountain Rescue wishes to thank the Rathmullan New Year’s Swim Committee for their support and would encourage everyone to contribute generously.For further information or Sponsorship Cards contact, John Duffy………………Committee, (087)9966755Danny McLaughlin….Committee (086)0757012Brian Murray…. ………DMRT (087)2284600 RATHMULLAN’S NEW YEAR DAY SWIMMERS HAVE A ‘MOUNTAIN’ TO CLIMB was last modified: December 17th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Donegal Mountain RescueNew Year SwimRathmullanlast_img read more

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