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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 :
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.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
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