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

What atlantic city needs
By omgwtf8888 on 2/28/2013 3:22:29 PM , Rating: 2
Atlantic City needs to have the harbor turned into a cruise ship terminal. AC needs to have the steady influx of passengers arriving and departing. The US could vastly enhance its east/west coast cruises if we did away with the Passenger Vessel Services Act of 1886. The forbids foreign flagged ships for stopping at consecutive US ports. Next AC needs to have a monorail to move people from the cruise ships, AC airport,convention center and the casinos. Bader field now vacant needs to have a novel form of entertainment complex added. I would like to see a virtual stadium placed there. By virtual stadium, I mean a super massive, high definition screen capable of broadcasting sports from all over the world. This would be a place that could cater to business men and if the monorail took you to it you would wouldn't have to DUI back to your hotel. We need AC to succeed as it is the last place in where lower skilled/educated workers can earn a living wage.




"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer

Related Articles













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