New Jersey One Step Closer to a Virtual Atlantic City
09 April 2012
The legislation that will allow people in New Jersey to gamble online at a virtual Atlantic City casino has taken another step forward. The Senate Budget and Appropriations Committee voted 11-0 to advance the proposal.
Though unanimous, there were five senators who were concerned that horse tracks were not a part of the legislation. Sen. Raymond Lesniak, D-Union who is the main sponsor of the legislation hopes that online gambling will be running in New Jersey by the fall. He also stated that a deal has not been reach with Gov. Chris Christie as yet. Christie vetoed a similar bill to this last year.
Sen. Raymond Lesniak states,
“What we want to do is get this Internet gaming up and going before the end of the year, hopefully by September, so that New Jersey can be the first in the nation and lead the way.”
What’s at stake? Money, jobs and prestige. A lobbyist for Interactive Media Entertainment & Gaming Association, Bill Pascrell III, said that the state who establishes online gambling first could become the technology hub for the online gambling industry.
Pascrell wants New Jersey to be the hub, “We need to create the Silicon Valley of Internet gaming in New Jersey.”
Money and jobs is another big factor in the push to get online gambling. The state Casino Revenue Fund Advisory Commission consultant quoted by officials has said that online gambling could generate $210 million to $250 million in gross revenue, 1,900 jobs and $46 million to $55 million in tax revenue.
24 February 2017Mexico Welcomes Net Entertainment Through Codere Deal
Codere is a company that operates online casinos in a few different regulated markets. These markets include Italy, Mexico and Spain. They have partnered with Net Entertainment in the past to provide content for their casino sites, and a new deal between these two companies has led to NetEnt's official launch into Mexican territory. Entering Mexico Online gambling is regulated in Mexico, and this is a big part of the reason why Net Entertainment has decided to enter.Read full article
01 February 2017US Attorney General Pick Sessions May "Revisit" Online Gambling
One of the most important pieces of legalese that has come down in the United States for online gambling in the United States was a 2011 opinion about the Wire Act of 1961. The Wire Act was previously used as evidence that online gambling is illegal in the United States (and is the other major US law affecting online gambling from the UIGEA).Read full article
10 January 2017Virtual Reality Online Casinos in 2017
If you go back a couple of years, Microgaming was the first company to present a virtual reality casino game that included current technology. It was a roulette game shown at industry trade shows, and it got a tremendous reception. A lot of players thought that smartwatch apps were going to be the next big thing for the online casino industry, but instead, it's virtual reality, or VR for short. How VR Online Casinos Work There are two main components of a virtual reality casino.Read full article