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ANOTHER STEP FORWARD FOR NEW JERSEY INTERNET GAMBLING LEGALISATION
12/10/10 - Legalisation bill among a dozen passed by key committee Thursday
Senator Ray Lesniak's bill proposing the intrastate legalisation of online gambling in New Jersey moves another step forward this week with the news that it was among a dozen bills passed late Thursday by the state House of Assembly's Regulatory Oversight and Gaming Committee. The bill has already survived several committees and a Senate vote.
Local media reported that the bills, mostly designed to revive the state horse racing and Atlantic City casino industries, drew bipartisan support in a 3 hour session as legislators raced to send many of the bills to Governor Christie’s desk before the end of the year.
With passage through the key Regulatory Oversight and Gaming Committee now behind it, Lesniak's bill could be brought to a vote in the Assembly as early as next Monday, making it the first state in the Union to legalise online gambling.
Governor Christie has said he is not philosophically opposed to Internet gambling, but that the legality of the concept was still being reviewed by his administration.
The committee also offered its support for another measure, one that seeks a statewide referendum next fall on legalising sports betting at Atlantic City’s casinos, as well as at the Meadowlands Racetrack and Monmouth Park.
State Senator Lesniak, a Democrat who has been energetic and determined in pushing the legalisation bill through its various obstacles and stages, told the committee that by allowing online gaming only for New Jersey residents within New Jersey state lines, the state would not run afoul of federal restrictions on such gambling.
Lesniak added that an economic analysis showed that Internet gambling would produce $210 million to $250 million in annual gross revenues.
The Lesniak bill initially recommends a 15 percent tax on Internet gaming revenue. About $30 million of the tax proceeds would be used to supplement horse racing purses — replacing a similar purse supplement that had been provided by the Atlantic City casinos.
“This bill would create a bridge to self-sufficiency for the horse racing industry,” Lesniak said.
On the sportsbetting initiative, Lesniak and his law firm have filed a federal lawsuit attempting to strike down previous law as unconstitutional. Federal law currently permits sports wagering — other than horse racing and jai alai — only in Nevada, Delaware, Oregon and Montana. And only Nevada is allowed to offer single bets, such as wagering on one National Football League game or another based on a point spread.
Christie has dismissed the suit as pointless, given current federal law, while Lesniak countered Thursday that the state risks seeing the suit thrown out of federal court unless political support is demonstrated.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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