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Is There a Positive View On New Jersey Internet Poker
Tuesday Janusry 06,2015 : NEW JERSEY REGULATOR BULLISH ON INTERNET POKER PROSPECTS
Division of Gaming Enforcement director David Rebuck takes a positive view on the year ahead.
Getting 2015 off to a positive start are reports from US media that the New Jersey regulator, the Division of Gaming Enforcement, has posted a bullish online gambling view of the year ahead on its website.
Director David Rebuck does not mention the ongoing attempts by Pokerstars to break into the New Jersey market, but is optimistic about more success in the use of credit and debit cards, and the possibility of player sharing pools with other jurisdictions.
On the player liquidity front, Rebuck reveals that negotiations are continuing with Nevada and the United Kingdom to establish workable player-sharing compacts which could be the boost that all parties involved need.
Rebuck observes in the statement:
“The legislation that authorized Internet gaming specifically permits the Division to enter into multi-jurisdictional agreements. The Division has been in discussions with other jurisdictions, such as Nevada and the United Kingdom, but no compacts have been entered to date.
"The Division is open to discussions in this area and always seeks to ensure that any agreements are most beneficial to New Jersey’s Internet gaming industry.”
Rebuck gives some figures regarding difficulties associated with the use of credit and debit cards, revealing that last year around 73 percent of Visa transactions and 44 percent of MasterCard transactions at legal New Jersey online gambling sites were approved, leaving something to be desired regarding the rejection rate.
The director reports that the DGE has been in discussions with the New Jersey Department of Banking and Insurance and the U.S. Office of the Comptroller of the Currency (OCC) to address the difficulties related to payment processing, and progress is being made.
“A new credit card code has been created for legal online gambling transactions and it is expected to be in effect spring of 2015,” Rebuck reveals. “As the banking industry becomes more familiar with legalized Internet gaming and patrons become more educated about the various options for funding their accounts, further improvements are expected in this area.”
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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