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Excitement growing for Atlantic City Nj Gambling Bill
Posted by Lenny S on 12.12.10 - Unanimous approval of Lesniak bill could see an Assembly vote on Monday December 13
The continued progress of Senator Ray Lesniak's bill legalising online gambling in the state of New Jersey continues to generate excitement that the industry may be about to witness a major breakthrough...a US legalisation initiative at state level that may be followed by other state governments.
The bill has already been passed by the state Senate, and the unanimous approval of the bill by the Assembly Regulatory Oversight Committee on Friday clears the way for an Assembly vote, with political analysts indicating that the desire to get this done could see it on the Assembly floor as early as Monday December 13. Forty one votes are all that is needed to pass.
After that, only Governor Chris Christie's vote - and a 45 day deadline - stands in its way. Although concerned about the implications of the bill and its insistence on state's rights for passage, the governor has indicated that he has no "philosophical objections" to its intent.
Lesniak's Bill S490 will permit the land casinos in Atlantic City to offer online casino and poker games exclusively to residents of New Jersey, generating additional revenue streams and tax income for the state through a 20 percent of gross gaming revenues taxation provision.
The Interactive Media Entertainment and Gaming Association (iMEGA), has been closely involved in the drafting process of S490 and is on record as claiming that an intra-state internet gambling business could generate up to $250 million and $55 million in taxes on an annual basis. H2 Gambling Capital has also taken a bullish outlook, predicting that annual casino gross win of up to $290 million and poker gross win of $270 million could be achieved within five years.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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