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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.
Gambling News :
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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 -
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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.
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