Press of Atlantic City – Legislation that would allow gamblers to bet on pre-recorded horse races could revitalize New Jersey’s slumping horse racing industry while bringing an unexpected boost to Atlantic City. Known as “instant racing” in a proposal being floated in Trenton, the state’s horse racing industry wants to offer gaming that would allow players to bet from terminals on previously run horse races with identifying information removed from the jockeys and horses. The bets would have to flow through Atlantic City casinos to avoid any challenges to the state’s constitution, much like the state’s Internet gambling industry, lawmakers…