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New Jersey Gambling Law Speculation
Posted 2/20/11 : With the deadline for signature approaching, what will governor Christie do?
The New York Post revved up speculation on the New Jersey bid to legalise online gambling (see previous InfoPowa reports) with a piece this week claiming that governor Chris Christie will not sign the bill into law.
The bill, authored by Sen. Ray Lesniak, enjoyed a remarkably fast passage through both state legislative bodies, achieving significant majority votes before being passed to the governor for signature.
Christie has three options: sign it; veto it and return it to the legislature for a further vote or ignore it and see it pass into law automatically after 45 days.
With only days to go until the deadline, the issue is being keenly watched by the industry and is seen as a possible forerunner for US states to individually decide the future of internet gambling in the world's biggest market.
However, Joe Brennan Jnr., who chairs the iMEGA online gambling action group, warns that because the legislature is currently in recess until March 4th, the governor may have a little more time to make his decision.
The New York Times quotes unnamed 'insider' sources in claiming that there is pressure on governor Christie from both sides, but that it is likely he will not sign the bill into law.
Apparently the giant land gambling group Caesars Entertainment - which has online gambling ambitions too - wants to see a federal rather than state-by-state legalisation process and is urging the governor not to give his approval to the New Jersey proposal.
The group has some clout in the region, operating four large casinos in Atlantic City.
Brennan, however, has said that this is not his perception following iMEGA meetings with the governor's staff, who apparently did not give any negative indications on the issue. They insisted that the governor was considering all points of view with an open mind, and wanted to be sure that passing the new law was the correct course for the state.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
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.
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