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Online Gambling To Give New Jersey 1.5 Billion
Friday January 25,2013 : MORE PRESSURE ON NEW JERSEY GOVERNOR
Respected analyst says that the introduction of online gambling could give Atlantic City a $1.5 billion boost
With the days counting down to February 4, by which time he has to sign a bill legalising intrastate online gambling, veto it or ignore it and see it pass automatically into law, New Jersey Governor Chris Christie was given some positive food for thought Thursday by a respected US analyst.
Wells Fargo Securities gaming expert Dennis Farrell Jr. issued a statement suggesting that the implementation of the online gambling legalisation bill currently awaiting only the governor's signature could throw Atlantic City's embattled land casinos a lifeline.
Farrell says that research results show that the online sector in the Garden State could reach $1.5 billion in revenues over the next five years - almost half that of the existing land gambling sector. Those revenues would generate worthwhile tax revenues, he opined.
The analyst discussed the potential of cross marketing by Atlantic City casinos offering online gambling from regulated and licensed servers on their premises, describing this as having the potential to create significant competitive advantages.
Still in New Jersey, on Thursday US District Court Judge Michael Shipp reacted to a request by interested parties to submit further written arguments on the New Jersey intention to introduce intrastate sports betting.
The requests were made in anticipation of the US Department of Justice's written arguments, which are due for submission to the court by February 1.
Last week the DoJ filed notice of its intention to join the action, supporting the sports leagues' attempt to prevent the state from going ahead with its plans, approved a year ago by the state legislature.
Judge Shipp granted motions allowing all litigants in the New Jersey sports betting suit until February 8 to respond to the federal filing. He has already set aside February 14 as the date on which he will hear oral arguments from the parties concerned
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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