Online Gambling in New Jersey Vetoed
03 March 2011
“If the Legislature believes that expanding gambling outside of Atlantic City is in the best interests of the State of New Jersey, it should place the question on the ballot for the voters to decide.” That is the message offered by Governor Christie as he vetoed the online gambling bill in New Jersey.
Gov. Christie also echoed in his message what others have said he was concerned about as well and that was the State Constitution. He had what he called “significant concerns” that by having the servers in Atlantic City it would wholly satisfy the constitutional requirement in New Jersey.
In his veto message he said “In my view, the creation of a legal fiction deeming all wagers to have ‘originated’ in Atlantic City cannot overcome the clear and unambiguous language of the State Constitution.”
Voters approved gambling in Atlantic City in the mid 70’s but that was two years after they rejected statewide gambling. In a recent poll of Atlantic City voters concerning online gambling, it seems the sentiment hasn’t changed.
Though it has been said by one of the supporters of the bill that a vote will not be taken to override the veto, most believe that the Governor wants to get this done just not the way it is currently worded. State Sen. Raymond Lesniak, the bill’s sponsor said, “I know we’re going to be able to get it done.”
Joe Brennan, the executive director of IMEGA also indicates that legislation could get done saying, “This is a setback in that it slows it down, but all indications we have is the governor wants this, but it’s that he wants it done right.”
Some though feel the pressure of getting something done now like Assemblyman John Amodeo, “We need to be in the forefront simply because it’s going to be the wave of the future,” Amodeo said, “If it went nationally and internationally, we could make a lot.
There is however one big obstacle in the way and that is Caesars Entertainment Inc. Not that they are against online gambling but have made their point known that they are against a state by state approach to legalizing internet gambling. Caesars believes they could garner a 20% market share of the $5 billion online poker market if it is legalized federally.
So no online gambling in New Jersey as of yet so now all eyes shift to Florida, California, Iowa and possibly even the halls of Congress in Washington…again.
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