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New Jersey Gambling Bill Vote on May 31

But amendments to the Assembly version of the bill have triggered speculation
New Jersey state Senator Ray Lesniak has announced that the Senate version of his bill seeking to legalise intrastate online gambling controlled from Atlantic City land casinos  will be put before the Senate for a vote on May 31.
The Assembly version of the bill - AB2578 - passed through a key House committee on a 3-1 vote last week  but on reading through the proposed measure it is clear that the passage was at the cost of some tough amendments.
Pokerstars in particular will be scrutinising one section which could impact its reported Full Tilt Poker acquisition plans.
Section 37 now includes a proviso that any company that took bets from the United States after December 31, 2006 (when the UIGEA was brought in) will be denied licensing.
The amendment also includes far-reaching prohibitions designed to stop any corporate maneuvering to get around the ban, embracing software, brands and other intellectual property, although - perhaps encouragingly - there is a provision that permits applications for a waiver, albeit subject to strict conditions.
Industry observers say the amendment is almost certain to strengthen support among major land gambling companies that have been showing interest in a legalised online sector through partnerships with experienced companies with a clean post-UIGEA slate like and Bwin.Party digital entertainment.
However, the other side of that coin is that it could be bad news for Pokerstars and others who continued to service the US player post-UIGEA.
A date for an Assembly vote has yet to be set down.

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Gambling News :

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.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

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.

Novomatic has announced a legal action against Euro Games Technology - Online and land gambling equipment and games provider Novomatic has announced a legal action against Euro Games Technology Ltd., which it claims has unfairly created imitations of its slot games.

Starcraft ProLeague SHutting Down after 14 Years - Announcing the end of the road for the League, once pre-eminent in Asian eSports gaming, the Korean Esports Association blamed ethical scandals and competition for its decline in popularity.

Team Hot Launches - #teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.

Netent Q3-2016 Earnings Report - #netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

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