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New Jersey Clarifies Online Gambling Rules

Thursday November 14 ,2013 : NEW JERSEY REGULATOR CLARIFIES ONLINE GAMBLING RULES (Update)
 
Bonuses a particular focus in latest advisory note.
 
In response to enquiries from operators gearing up for the opening of the New Jersey online gambling market, David Rebuck, the director of the state's Division of Gaming Enforcement, issued an advisory guideline Wednesday, which can be viewed in its entirety here:
 
http://www.nj.gov/oag/ge/docs/Bulletins/internetmarketingprograms.pdf
 
The subject of casino bonuses and No deposit bonuses frequently an area of tension between operators and players, received most attention, with the regulator providing examples illustrating the state's rules.
 
* Operators can offer bonuses with a cash-out restriction, commonly in the form of a wagerthrough requirement. However, players must always be allowed to withdraw an amount equal to their original deposit where their accounts have a credit balance.
 
* Once a player's account balance reaches zero, any bonus promo ends; in other words, operators may not carry forward the wager requirements to the next deposit by the player.
 
* The operator may require that a customer's first bets come from his or her deposit before the casino's matching funds are wagered.
 
* Players can abandon a promotional offer partway through, and cash out any initial deposit that remains in the player account.
 
* Full operator disclosure on the terms and conditions of any promo or bonus must be made, including details of wagering and cash-out restrictions.
 
* Operators may not impose a cap on winnings resulting from a bonus.
 
* In the case of the New Jersey market opening, there will initially be a 30-day moratorium on wager based promotions, counted from the first day on which online gambling is available generally to punters within New Jersey's borders.
 
* Operators who intend to offer such promotions must be able to domonstrate to the regulator that it has the administrative capability to to generate accurate revenue reports.
 
* None of these online gambling restrictions will apply where the operator has associated the promo with its land gambling promotional offerings.
 
In related news, a spokesperson for the New Jersey Division of Gaming Enforcement told media representatives Wednesday that online gambling in the state during the initial five day trial or "soft launch" period would be subject to time restrictions.
 
She said that real-money internet gambling will be limited to eight hours per day on the first two days of the trial period, which precedes the market’s official launch on November 26. On those days, real money betting will only be permitted between the hours of 6pm and 2am on November 21 and 22, with the window widening on November 23 to between 8am and midnight, finally extending around the clock on November 24 and 25.
 
The spokesperson also noted that if necessary the regulator can extend the trial period beyond November 25 if serious issues involving the systems being deployed surfaced.
 
The CEO of Ultimate Gaming, Tobin Prior, gave an indication of how much the regulator has limited the action during the five-day trial period by revealing that his company had been allowed just 500 'invitation only' concurrent players on its UCasino.com New Jersey website.
 
Ultimate is partnering with the Atlantic City land operation Trump Taj Mahal casino in its New Jersey online gambling enterprise.



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NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

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NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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