Update:New Jersey Gambling Bill Delayed
For the time being intrastate gambling legislation in New Jersey has hit the doldrums yet again since Governor Chris Christie relied on constitutional provisions. As a result he decided to delay Senator Raymond Lesniak’s internet gambling bill S3019 for now.
Sen.Lesniak said that he aimed to use Department of Justice’s (DoJ) new policy toward internet gambling to his advantage and to push the legalization of his S3019 bill toward the Assembly and Senate committees on Thursday as quickly as possible.
Why The Bill Experienced A Set Back
Unfortunately, Sen Lesniak and Gov. Christie’s dispute continued when Christie denied Lesniak’s previous legalization attempt by vetoing it based on constitutional grounds irrespective of the majority legislative approval. Christie now cites constitutional concerns, basically this could be seen as yet another delaying tactic.
The senator said in his Wednesday statement to the local media that he spoke to the governor and agreed to delay the reintroduction of internet gambling legalization …
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Lesniak Gambling Bill Looks Good
In 2011 New Jersey failed to be the first U.S state to legalize and regulate internet gambling thanks to Governor Chris Christie who vetoed the bill. But, the state refuses to give up, because in the intervening period no other state managed to reach this landmark.
Senator Ray Lesniak who called for the legalization of internet gambling in New Jersey intends to fully exploit the U.S Department of Justice (DoJ) change of policy toward internet gambling.
New Jersey Internet Gaming On Track
Although the DoJ and the federal government pointed out that intrastate gambling is not against the law. Lesniak told the Associated Press news agency that he intends to push a bill through the Legislature which will be on Governor Chris Christie’s desk hopefully by next week. Lesniak said, “We can be the Silicon Valley of Internet gaming. It’s the wave of the future. It’s going to come and we must pave the way.”
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Internet Gambling And America 2012
Cassaon-casino predicts that 2012 might just be a bumper year for internet gambling regulation in the United States.
Research indicates that regulated internet gambling will bolster state coffers and create additional jobs. It might also impact negatively on young people and adults because of the gambling addiction factor.
Why Online Gambling Must Be Regulated In America
The Justice Department recently changed its outlook on the 1961 Wire Act, the DoJ stipulates that it applies to sports betting but not to internet gambling. This comes after years of persecuting internet casinos like the billion dollar internet poker site Full Tilt Poker.
Chairman of U.S. Digital Gaming, Rick Bronson said the DoJ’s change of heart will give U.S states the go-ahead to legally operate internet gambling starting with poker as well as selling lottery tickets via the Internet. Bronson also said that poker could generate as much as $12 billion a year in revenue for states …
New London Super Casino Attracts Thousands
There’s a new ‘super casino’ on the block and its name is Aspers Casino at Westfield Stratford City in London.
This new GBP1.8 billion land-based casino is hailed as London’s new mega casino and its just a stone throw away from the Olympic Centre. Since its official opening on the 1 December Aspers smashed all previous UK attendance records.
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This 65,000 sq ft new casino already welcomed 75,000 punters since it opened its doors for business two weeks ago. As a result of its mega attendance the casino will hire 30 more staff, presently it employs 470 staff and added an additional 10 tables for the Festive Season.
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Stocks Soar After DoJ Announcement
The previous week the U.S. Department of Justice (DoJ) issued a report which indicates its change in attitude toward internet gambling, as a result it caused the share price of established operators and suppliers’ to soar this week.
DoJ Says It’s Up To States To Regulate Online Gambling
Herewith some of the operators which experienced an increase in their stock prices: Scientific Games Corp’s share price rose by 15.37 percent, Wynn Resorts’ increased by 3.4 percent, International Game Technology by4.95 percent, MGM Resorts International increased by 4.62 percent, and Bally Technologies going by 1.57 percent.
Todd Ellers Roth Capital Research analyst said: “We view the ruling as a significant event for the U.S. gaming and lottery industry that essentially opens the door for states to consider offering internet gaming and lottery products (sports wagering not included).
We believe individual state lotteries and vendors like Scientific Games, Gtech, and Intralot will be the first to benefit from selling virtual lottery tickets online. In …
Honest Man Returns $10k Gambling Funds
Most regard Las Vegas as Sin City, this is not always the case since a man from Colorado who’s regarded as a saint returned $10,000 he found at the gambling mecca’s airport to its rightful owner.
Honest Joe Returns Gambling Funds
Mitch Gilbert, a native from Greenwood Village found two unmarked Caesar’s Palace envelopes at McCarran International Airport as he was leaving Las Vegas earlier this month, KUSA-TV reported. When Gilbert opened the envelopes at home he saw that each envelope contained $5,000 in cash to his astonishment. I just about fell on my back, since this type of thing happens one in a million. I couldn’t believe it,” Gilbert said.
Gilbert said he immediately contacted the police at the Las Vegas airport hoping to find the rightful owner of the lost cash, he said that it was against the rules for them to take his personal details. He also said, “I wanted to show my kids the right thing …
Breaking News:DoJ Thumbs Up eGaming
The internet gambling industry got a shot in the arm this week when the United States Department of Justice (DoJ) decided to change it stance toward it. The DoJ stipulated that the federal Wire Act of 1961 is not applicable to every internet gambling activity, but to sports betting only.
John Pappas executive director of the Poker Players Alliance (PPA) of America praised the DoJ’s decision, he said: “This is a much needed clarification of an antiquated and often confusing law. The last couple of years many legal scholars as well as the courts debated if the Wire Act applies to non-sporting activity. The latest announcement by the DoJ just confirms that Internet poker is not against the law after all.”
DoJ Okays Regulation But At State Level
This is a 180 degree turn of events, since the Wire Act played a pivotal role in the DoJ’s outlook in terms of what is legal when it comes to …
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