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Bill to license foreign online gambling reintroduced
Friday January 17 ,2014: LESNIAK TAKES ANOTHER RUN AT INTERNATIONALISING NEW JERSEY ONLINE GAMBLING
Bill to license foreign online gambling reintroduced.
The indefatigable Senator Ray Lesniak of New Jersey has started 2014 in typical style, reintroducing a controversial new bill to the state Legislature which proposes the licensing and regulation of online gambling operators who provide services restricted to foreign internet punters.
Lesniak's intent is to create an environment which will carve out a niche for the Garden State as an international regulatory hub, creating tax revenues and jobs in the process.
Lesniak's bill has undergone some changes since it was first published last year . It still insists that licensees have servers in the state of New Jersey and keep all records of their business present and open to the state's regulators.
Operators will also have to comply with the strict licensing requirements of the New Jersey regulator, which impose stringent player protection, information and safety measures on operators.
Importantly - for now at least as the state's legal fight for the right to offer sports betting continues - sports betting is excluded, leaving both online casino and poker open to licensing.
Lesniak has proposed a taxation regime of 15 percent on foreign gaming revenues, along with a 2.5 percent contribution from licensees to the Casino Reinvestment Development Authority. He has also proposed a tax credit scheme in relation to the operators' foreign tax obligations, enabling them to offset some of these against New Jersey tax levies.
In the past Lesniak has argued that, provided the licensees restrict their operations to players outside the United States and segregate them from US player pools, there is no barrier to them being licensed by, and operating from, New Jersey.
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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