Another Push for NJ Online Gambling
11 November 2010
It seems just like in Florida and California as well as some Canadian provinces; New Jersey needs to bring in some money to the state treasury. Also just like these other places they are looking at online gambling to do it. State Senator Ray Lesniak ( D-Union) bill is proposing just that, that the people of New Jersey be allowed to play poker, baccarat, and other classic casino games online.
According to supporters of Lesniak’s bill, nearly half of all residents of the state already play poker online. OF course, if his bill goes through, it would make New Jersey the first state to legalize playing of these casino games online.
Sen. Lesniak proposes that poker, baccarat, and other classic casino games could be played online by residents of New Jersey while they are residing in the state’s borders. While the state would collect 20% of the annual gross revenues which would currently be more than double what the Atlantic Casinos do.
A lobbyist for the bill, William Pascrell III, has said that with the current state of gambling in New Jersey (AC casinos as well as horse racing in the state are really struggling) and the economic condition within the state, that this would be the perfect time to address online casino gambling. Proceeds could be split, according to Pascrell III, between the state treasury and subsidizing horse racing as well as it helping the land based casinos.
According to Pascrell III, about 4-5,000 immediate jobs would be created and;
“New Jersey could become a global mecca for Internet gaming.”
Monday, a state Senate committee is set to review this bill along with others concerning the horse racing and casino industries in New Jersey. Votes are expected by the end of the year.
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