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NEW JERSEY SPORTS BETTING REGULATIONS PUBLISHED
Tuesday October 16,2012 : NEW JERSEY SPORTS BETTING REGULATIONS PUBLISHED
Regulators get on with the task despite legal challenges
Whilst lawyers for the state of New Jersey and legal representatives of the major US sports leagues continue to cross swords in court on the legality of the Garden State's intention to licence and regulate intrastate sports betting, the state regulators are getting on with the task of introducing the necessary regulations.
The New Jersey Division of Gaming Enforcement published regulations for sports betting Monday in the New Jersey Register, making it possible for suitable gambling operators in the state to apply for $50,000 sports pool licenses beginning January 9.
How enthusiastic such companies will be remains to be seen; earlier this year several gambling industry executives expressed support for the project but explained that substantial investment in equipment and infrastructure had to be balanced against the risk of the changeable nature of politics and legal outcomes.
Introducing sports betting is seen as a much-needed boost for state racing companies and Atlantic City's struggling casinos, which have faced growing competition in recent years, exacerbated by a weak economy.
Governor Chris Christie is taking a combative stance in support of the New Jersey move, which challenges the federal PASPA and has been legally challenged by the NFL, Major League Baseball, National Basketball Association, National Hockey League and the NCAA .
The NCAA announced on Monday that it would find new hosts for five championships scheduled to be held in New Jersey this year.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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