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NEW JERSEY MOVE ON INTERNET GAMBLING A TOP MEDIA STORY
1/19/10 - The New Jersey legislation proposing the legalisation of Internet gambling in the state continued to reverberate around the industry this week, making media headlines everywhere.
New Jersey Senator Raymond Lesniak's proposed bill would allow state residents to gamble online via websites run by the state's land casino operators in Atlantic City.
This is Lesniak's second initiative aimed at opening up a regulated state Internet gambling market - earlier he had introduced a bill seeking to have New Jersey residents vote on a constitutional amendment that would allow state-regulated sports wagering in Atlantic City casinos, and from state residents via an intra-state Internet gambling system.
In terms of federal law horse racing carve-outs, New Jersey currently offers Internet gambling on horse races to state residents through the 4NJbets.com website. This could be used to expand the law and legalise online versions of games currently allowed in Atlantic City casinos, such as Poker, Blackjack and Baccarat.
The Internet gambling system would be regulated by the New Jersey Casino Control Commission through a new Division of Internet Wagering to manage operations and licensing.
This week iMEGA chairman Joe Brennan Jnr. applauded Senator Lesniak's initiative, saying: "We're happy that New Jersey has taken this issue into their own hands. New Jersey is recognised as having the toughest gaming regulators in the US, but as a leading gaming state with a long track record of doing things the right way, Internet gambling will have a great home here and the opportunity to begin normalising the industry."
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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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