Two-Year Investigation Leads to Super Bowl Party Raid

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

Saying ‘now is the time for our state to go forward, again at the forefront for the nation, by becoming one regarding the first states to permit online gaming,’ brand New Jersey Gov. Chris Christie ironically once again this week vetoed his state’s draft that is latest of A web gambling statute. Citing concerns over gambling tax revenue rates being set too low, as well as over transparency issues for companies seeking online gambling licensure, Christie nonetheless showed a glimmer of hope for passage of revised variations 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 easily be addressed’ with a newly worded measure.

On the line are millions of dollars in potential revenue, specially key in a state whose brick-and-mortar casinos took a hit that is heavy year, at least in component because of the ravages of Hurricane Sandy. Also impacting brand New Jersey’s ailing land casino marketplace is hard-hitting competition from gambling-friendly neighboring states like Pennsylvania and ny. Profits are dropping steadily since 2006, and hit a low of just over $3 billion a year ago from a 2006 total of $5.2 billion.

Perhaps smelling blood from the veto action, Nevada Gov. Brian Sandoval quickly pressed his state’s lawmakers to Continue reading “Two-Year Investigation Leads to Super Bowl Party Raid”

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 Cash

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 requested a Nevada online gambling license. San Francisco-based leading social media games designer Zynga says they are following market styles and desire to be ready when on the web gambling becomes legal in key states such as Nevada, nj-new jersey and Delaware to make the most of their market that is potential share.

‘There is not any question there clearly was great interest from all sorts of people in games of possibility, whether it is for real money or virtual rewards,’ said CEO of Zynga, Mark Pincus The company failed to satisfy revenue expectations this past year and is looking to gambling dollars online as being a new advertising strategy. They’re not the only media that are social app designers to do this, either.

It simply Makes Dollars and Sense

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

‘Gambling in the U.S. is controlled by a few land-based casinos plus some powerful Indian casinos,’ said C Continue reading “Ferguson Loses Big Hand to Feds in Final Full Tilt Showdown”