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New Jersey Senators weigh in on Restoration of the American Wire Act

Thursday March 5,2015 :  NEW JERSEY SENATORS WEIGH IN ON R.A.W.A.
 
Lesniak and Whelan call for local media to oppose federal banning proposal.
 
Pro-online gambling New Jersey Senators Jim Whelan and Ray Lesniak have joined the Congressional debate on the proposed Restoration of the American Wire Act, corresponding with local media leaders and urging them to publicly oppose the attempt to ban most forms of online gambling.
 
The communication reads:
 
"To the editor:
 
"We urge you to oppose HR 707 the “Restoration of America's Wire Act,” legislation that would strip New Jersey's ability to regulate online gaming.
 
"RAWA will get a hearing on March 5 in House Judiciary Subcommittee on Crime, Terrorism, Homeland Security and Investigations [now postponed due to bad weather - ed.].
 
"This legislation will take tens of millions of dollars from Atlantic City's casinos at a time when it needs more revenue, not less.
 
"Not only would this bill do nothing to curb unlawful online gaming, it would push dangerous black market vendors further into the shadows, putting adult consumers and children at even greater risk. In fact, the best way to deter dangerous criminal activity - including fraud, money laundering and terrorist financing - is to establish a well regulated online gaming industry like the ones that have been implemented in New Jersey, Delaware and Nevada, as well as in many other jurisdictions in North America and around the world.
 
"In New Jersey, we have implemented a successful, regulated and licensed online gaming program - one that provides effective consumer protections for residents, while also providing much-needed funding for critical state priorities.
 
"Our policy-making on Internet gaming was deliberate, taking place over several years, and with a consistent focus on safety and security. It has protected children and the vulnerable unlike the unregulated market that HR 707 would perpetuate.
 
"A congressional ban on all online gaming would not only compromise our efforts in New Jersey, but also states like Delaware and Nevada that have implemented similar programs.
 
"In fact, Congress has already spoken on this issue. A federal ban on online gaming would reverse current law, which recognizes that horse racing, fantasy sports and intrastate authorized gaming and lotteries are not subject to restrictions set forth by Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA).
 
"We believe strongly that gambling policy is best left to the states to decide, which has been the case throughout our nation's history, and that New Jersey's Internet gaming policy should be determined by the citizens of New Jersey.
 
"State legislators and their constituents - not Congress - are best positioned to decide if and how online gaming works in their communities.
 
"We want to thank you for your time and consideration of our views on this issue, and we look forward to working with you to oppose this legislation which will damage our efforts to restore economic vitality to Atlantic City.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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