ATLANTIC CITY FIGHTS BACK
15 January 2010
New legislative procedure appears to support
online gambling - but only on casino premises
Industry observers are currently studying the
implications of a legislative move in the state of New
Jersey that appears to be a response to the increasing
competitiveness of neighbouring states like Pennsyvania,
which has recently expanded its gambling (see previous
InfoPowa report).
Information surfacing this week
is that a proposed new law has been introduced by New
Jersey Senator Raymond Lesniak that seeks to not only
broaden the Atlantic City offering by adding
sportsbetting, but legalise online gambling...providing
it is confined to the premises of land casino licensees.
Although confirmation was not forthcoming as
InfoPowa went to press this week, it is understood that
the Interactive Media Entertainment & Gaming Association
has been assisting Senator Lesniak with the drafting of
the proposed bill.
The draft appears to go beyond
the use of eDeck-style remote gambling on US casino
premises, and states:
"An Act permitting Internet
wagering at Atlantic City casinos under certain
circumstances and amending and supplementing the "Casino
Control Act", P.L.1977, c.110 (C.5:12-1 et seq.).
"If approved by the voters at a referendum held at
the next general election, this bill would allow
licensed casinos in Atlantic City to conduct in-person
wagering, and wagering through an account wagering
system, on professional and collegiate sport or athletic
events under regulation by the New Jersey Casino Control
Commission.
"Wagering on sports events, as
defined by this bill, would not include wagering on any
amateur non-collegiate sport or athletic event, or any
event, regardless of where it is held, involving a
professional or collegiate team whose home field, court,
or base is in New Jersey, or any event played in New
Jersey involving a professional or collegiate team.
"Wagers on a sports event could only be placed
in-person in a casino sports wagering lounge, or through
an account wagering system available only to registered
State residents.
"Sports wagering gross revenue
would be subject to the existing 8 percent casino gross
revenue tax, the proceeds of which are dedicated to
programs for senior citizens and disabled residents, and
the investment alternative tax, which results in the
investment of 1.25 percent of gaming revenue in
community and economic development projects across the
State."
Online Casino News Courtesy of
Infopowa
More news here.
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