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It’s really a Definite time that is maybe next Christie on online Gambling for New Jersey

Saying ‘now is the time for our state to maneuver forward, again leading the way for the nation, by becoming one of the very first states to allow Web gaming,’ brand New Jersey Gov. Chris Christie ironically once more this week vetoed his state’s latest draft of an online gambling statute. Citing concerns over gambling tax revenue rates being set too low, as well as over transparency problems for companies online that is seeking gambling, Christie however revealed a glimmer of hope for passing of revised versions of the bill to come, possibly as early as March.

Both State Sen. Raymond Lesniak and State Assemblyman John Amodeo were encouraged by Christie’s wording in vetoing the bill, noting that ‘the governor’s concerns can be addressed’ easily with a newly worded measure.

At risk are vast amounts in potential income, specially key in a state whose brick-and-mortar casinos took a heavy hit last year, at minimum in part as a result of the ravages of Hurricane Sandy. Also impacting New Jersey’s ailing land casino market is competition that is hard-hitting gambling-friendly neighboring states like Pennsylvania and nyc. Revenues are falling steadily since 2006, and hit a low of just over $3 billion year that is last a 2006 total of $5.2 billion.

Perhaps blood that is smelling the veto action, Nevada Gov. Brian Sandoval quickly pressed his state’s lawmakers to approve a bill that would le (المزيد…)

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Ferguson Loses Big Hand to Feds in Final Full Tilt Showdown

Gambling the May that is farmville be Your Future: Online Gaming Goes After Real Money

The fuzzy line between gaming and gambling online is getting fuzzier: the Silicon Valley developers behind popular social networking games like Farmville, Mafia Wars and Words with Friends have applied for a Nevada online gambling license. San Francisco-based leading social media games developer Zynga says they are following market trends and want to be prepared when online gambling becomes legal in key states such as Nevada, nj-new jersey and Delaware to make use of their market that is potential share.

‘There is not any question there clearly was interest that is great a myriad of people in games of possibility, whether it is for real money or virtual rewards,’ stated CEO of Zynga, Mark Pincus. The company failed to satisfy revenue expectations a year ago and is searching to gambling dollars online as a marketing strategy that is new. They’re not the only media that are social software designers to do this, either.

It Just Makes Dollars and Sense

The shift to video gaming for dollars from just gaming that is plain enjoyable is a practical one: it means more revenues for gaming app developers. While the U.K. is already enjoying real-money video gaming, it’s inevitable that the same trend will come to America once imminent legalization takes place in several key states.

‘Gambling in the U.S. is controlled by a few land-based casinos and some powerful Indian casinos,’ said Chris Griffin, CEO (المزيد…)

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