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Chris Christie Signs New Jersey Online Gambling Bill
Tuesday February 26,2013 : NEW JERSEY LAWMAKERS APPROVE AMENDED ONLINE GAMBLING BILL
Live Update : 3pm Est, 2/26/2013 : Breaking news from New Jersey is that Gov. Christie wasted no time in signing the amended measure into state law Tuesday.
Bill goes back to Governor Chris Christie
New Jersey lawmakers in both the state Assembly and the Senate showed that they are serious about online gambling Tuesday when they approved an amended bill rushed through the Legislature to comply with Governor Chris Christie’s requirements following his February 7 conditional veto.
The measure is now back on the governor's desk, with industry observers expecting an early signature as indicated earlier by Christie.
Once signed into law the Garden State will become the third US state to legalise online gambling and/or poker after Nevada and Delaware.
Online gambling in New Jersey could be a $1.5 billion annual business in five years, Dennis Farrell, a casino analyst at Wells Fargo Securities, said in an investor note January 24.
Borgata Hotel Casino & Spa, a joint venture between Boyd Gaming Corp. and MGM Resorts International, and Caesars Entertainment Corp. are the companies best positioned to capture online business in New Jersey, Farrell told New Jersey.com Tuesday.
The New Jersey intrastate bill will see Atlantic City land operators (and possibly internet partners) holding an advantage granted by the bill's provision that online gambling servers must be confined to AC land casinos. The bill also allows for interstate compacts with other states where internet gambling has been legalised.
State Senator Ray Lesniak, who has driven the legalisation process in New Jersey over the past three or more years, said that the first online bets taken under the new law should be wagered by September this year.
“Finally, some good news for Atlantic City's future," said Lesniak. "Internet gaming will give an immediate boost to the outlook for Atlantic City's future, preventing the closing of at least one casino, and saving thousands of jobs. Now we can get to work making Atlantic City the Silicon Valley of Internet gaming by being the hub for other states to join."
The ball is now in the state gaming regulators' court as they develop an appropriate set of regulations governing the operations of online gambling in the state.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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