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Gambling legalisation trend growing in America

Posted 3/2/11 : Respected financial and business journal examines a growing trend
The respected Wall Street Journal has reported that regardless of what Governor Chris Christie does with New Jersey’s online gambling legalisation bill this week, the momentum of a state-by-state trend to legalisation will continue.
The newspaper noted the budget deficits and initiatives in motion in California, Florida and Iowa and spoke with industry experts on the growing trend.
Anthony Cabot, a well known internet gambling law expert, opined that when one state makes the commitment and passes legalising legislation, "…you will see other states go 'aha.' It will spread very rapidly."
The long article summarises the history of legalisation attempts in the United States and the harsh economic climate which has persuaded a number of state governments to consider the revenue generating benefits of intrastate regulatory regimes.
"I think you're seeing a shift in focus because the thought process is that if several large states legalise, that will put pressure on the feds to act," Nick Iarossi, a gambling lobbyist in Florida, told the WSJ.
Interestingly, the journal notes the opposition of land gambling giant Caesar’s Entertainment to a state-by-state approach to legalisation, which it in general supports.  On a recent call with analysts, the chief executive said the company hadn't given up on the possibility of a change in federal law and wasn't ready to support an individual system whereby states would independently exercise their right to make their own intrastate laws.
The article notes the dominance of Pokerstars and Full Tilt in the US internet poker field despite laws hampering financial transactions, and quotes estimates by the Poker Players Alliance that around 10 million people in the U.S. play poker online.
“In New Jersey, the [legalisation] bill passed through both houses of the legislature in recent months with overwhelming support of both parties,” the WSJ points out. “But hurdles remain. [Governor] Christie could conditionally veto the bill, which would send it back to the legislature with changes, according to a person familiar with the matter. The bill would likely be derailed if he said it required an approval by voters. A recent poll found that 67 percent of New Jersey residents polled oppose Internet gambling.”
Sen. Ray Lesniak, who pushed the New Jersey bill through the Legislature in a remarkably short time this year, told the journal that the state could become a hub for the industry if it is the first to legalise Internet gambling.
The Senator estimated the new law would bring the state around $30 million annually in taxes based on an estimate that it would produce $200 million in revenues.
The newspaper reported on previous legalisation efforts by Nevada back in 2002, noting that these were shelved after the US Justice Department advised the state against allowing the pastime.
The article also reports that the state of Illinois is waiting on a ruling from the Justice Department on whether a plan to allow wagering online through the state lottery would be allowed.

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Gambling News :

Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

Coral Launches player proposition betting product - Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.

Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UK’s Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UK’s Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

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