backtop


Print 4 comment(s) - last by omgwtf8888.. on Feb 28 at 3:22 PM

This plan aims to offer an Internet option to traditional gambling methods in an effort to stay competitive

New Jersey’s state Legislature approved changes to an online gambling bill, which is expected to help struggling casinos in Atlantic City stay afloat.
 
The legislation – A2578 – requires that online bets be made only in the state of New Jersey. It would limit licenses to casinos in Atlantic City and force the companies to keep most of the equipment on site.
 
It passed the Assembly today by a vote of 68-5 and the state Senate by a vote of 35-1. Gov. Chris Christie recommended the changes to a previous gambling bill, which previously said that “any effort to expand casino gambling outside of Atlantic City must be supported by referendum.” However, Christie changed his mind and said Internet gambling is OK as long as there were economic benefits and low risk of addiction or improper influence.

 
A few other changes that come with the bill include an extension of existing prohibitions on casino employment for state workers and other conflicts of interest; increasing funds for programs that treat compulsive gambling; requiring elected state officials to communicate current and former connections to those looking to obtain online gambling licenses; collecting more taxes than previously proposed (15 percent of online gambling revenues as opposed to the previously proposed 10 percent), and expiring this law after a decade for review.
 
This plan aims to offer an Internet option to traditional gambling methods in an effort to stay competitive. A slow economy and competition from other states has hurt some Atlantic City casinos, where two may now be saved from closing (thanks to online gambling).

Just last week, the state of Nevada legalized online poker. Both houses of the legislature voted unanimously to pass Assembly Bill 114, which is expected to increase the customer base for the state's casinos (meaning plenty of cash).
Both houses of the legislature voted unanimously to pass Assembly Bill 114, and the bill is expected to expand the customer base for Nevada casinos and should bring in a huge influx of cash. - See more at: http://www.dailytech.com/Nevada+State+Legislature+Legalizes+Online+Poker/article29970.htm#sthash.SMkSu9lj.dpuf

Source: NJ.com



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

New Yorkers Only
By Mitch101 on 2/27/2013 9:35:39 PM , Rating: 2
Ive lived in NJ for most of my life but Vegas is so much better. Its like comparing the county fair to Disney World.

I picture the Jersey online casinos as having an attitude and bad hair.




RE: New Yorkers Only
By Schadenfroh on 2/27/2013 10:15:41 PM , Rating: 2
I've worked in Camden, NJ most of this year... I picture NJ Online Casinos turning my mouse into a knife, stabbing my hand, and then taking my wallet.

Thankfully, Vegas casinos only do the latter...


"The whole principle [of censorship] is wrong. It's like demanding that grown men live on skim milk because the baby can't have steak." -- Robert Heinlein

Related Articles













botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki