Friday October 25,2013 : NEW JERSEY COULD BE AN EASTERN HUB FOR ONLINE GAMBLING
State lawmaker has proposed a law that will allow online casino equipment to be set up outside Atlantic City.
Republican State Assemblyman John Amodeo ignited considerable interest at the World Regulatory Briefing in Philadelphia this week when he revealed that he had proposed legalization that would allow internet gambling software and hardware to be located within New Jersey, but outside the boundaries of Atlantic City, creating an opportunity for the Garden State to become an eastern hub for online gambling firms.
Such an arrangement could attract internet and mobile gambling firms to New Jersey as a base for wider operations, bringing capital and jobs to the state, he opined. New Jersey could then sell rights to other states to run their online gaming operations out of the hub.
At present software and servers used by operators in the New Jersey intrastate online gambling market is by law confined to the precincts of licensed casino operators in Atlantic City, and only New Jersey residents are permitted to play, although there is provision for the state to enter into player pool sharing deals with other states.
Amodeo speculated that the bill would be considered by the New Jersey Legislature in November, and predicted that internet gambling would in time become more widely available to US players.
"Ultimately, we could see Las Vegas handle everything west of the Mississippi, and Atlantic City could handle everything east of the Mississippi,” he told the publication Press of Atlantic City at the conference. “This is that big. It has that kind of potential.”