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New jersey Gambling Vote Tomorrow
Sunday February 24,2013 : MONDAY VOTE ON NEW JERSEY ONLINE GAMBLING (Update)
Legislature to decide the Garden State's online gambling future
Monday February 25 could be an historic day for online gambling in New Jersey; the state Legislature is set to vote on an amended legalisation bill that now incorporates state governor Chris Christie's requirements for lifting his conditional veto on the original measure.
Last week Nevada surged ahead in the race to legalisation when Governor Brian Sandoval signed an online poker bill into law, putting more pressure on New Jersey legislators to move forward and join Nevada and Delaware by legalising a pastime that is immensely popular with US players.
Christie's demands have reportedly been met in the revised bill, and amid intense political lobbying the word is that a bipartisan approval will be achieved, sending the bill back to Christie, who has promised to sign the it immediately into law if his conditions are met.
Those conditions include a 10-year trial period, a 15 percent tax rate on GGR and an increase in annual funding to fight problem gambling, from $150,000 to $250,000.
It is understood that the revised New Jersey bill does not include a "bad actor" clause like its Nevada equivalent, which excludes for five years any entity that serviced US online gamblers post-UIGEA.
Such a clause would surely complicate the affairs of Pokerstars, which has applied for state permission to take over the ailing Atlantic City land casino, Atlantic Club and could be involved if the two states were to agree of player-sharing.
The inclusion of a "bad actor" clause in the Nevada measure could, however, create problems for interstate compacts which the Silver State may attempt to achieve in the future in order to boost player liquidity for its licensees.
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Gambling News :
IGT Continues Partnership with Coljuegos EICE -
IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.
Magic Spells SLot Launches -
The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.
Lightning Box Games in Deal With Everi Games -
Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.
Another Attempt to Acquire Tatts -
The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer
Ladbrokes Trading Update -
The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:
Leovegas Player Wins a BMW X4 -
A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.
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