New Jersey Enlists Help of International Online Gambling Expert
23 May 2013
If it takes a village to raise a child, then it takes a team of experts to implement Internet wagering in New Jersey. In fact, in light of the recent legalization of online gambling in the state, New Jersey Division of Gaming Enforcement has enlisted the help of Mario Galea, a former gambling regulator from Malta.
With Wall Street analysts touting the online gambling revolution as the key to turning around the city’s declining revenues, Atlantic City is pulling out all the stops to make sure its online gambling launch is both seamless and effective. Mr. Galea, who was selected from a field of seven experts, begins working with New Jersey this week. With 15 years experience in the field, and with a considerable chunk of that as the CEO of Lotteries and Gaming Authority of Malta, Galea has a lot to offer New Jersey. And New Jersey, who has a very aggressive launch timeline, has a lot to learn.
Beginning on November 26, 2013, the New Jersey online gambling law allows its casinos to offer online gambling to its customers. David Rebuck, Director of NJ Division of Gaming Enforcement, believes the timeline may not be realistic. “It’s so new, so you don’t want to make a significant error that sets us back from implementing it,” he said.
Yet just the mention of online gambling seems to be breathing new life into Atlantic City. The new bill could create as many as 2,000 new jobs in its first year alone, and the taxes generated from online gambling will benefit the state’s senior and disabled citizens.
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
02 June 2010France to Award 30 Licenses for Online Gambling
Today the government of France approved a new online gambling bill. The bill passed the French parliament by a narrow 299-233 vote. The French will grant only 30 licenses to operate online casinos and poker rooms within its borders. Though it is now official and France says that licenses will be granted in time for the 2010 World Cup, not everyone is excited about the French market.Read full article
09 June 2010France Issues 11 Licenses For Online Gambling
France acknowledged that 11 companies have been granted license and have been registered to conduct online sports and horse race betting as well as online poker within France. According to Arjel president Jean-Francois Vilotte, the regulator of gaming in France, “There were 35 requests for licenses and we have retained 17 at this stage. None have been formally rejected.Read full article