It’s really a Definite time that is maybe next Christie on Internet Gambling for brand New Jersey
Saying ‘now is the time for our state to maneuver forward, again at the forefront for the country, by becoming one for the very first states to allow Internet gaming,’ brand New Jersey Gov. Chris Christie ironically once again this week vetoed his state’s latest draft of A internet gambling statute. Citing concerns over gambling tax revenue rates being set too low, as well as over transparency dilemmas for companies seeking on line gambling licensure, Christie however showed a glimmer of hope for passage 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 easily be addressed’ with a newly worded measure.
At stake 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 minimum in part due to the ravages of Hurricane Sandy. Also impacting New Jersey’s ailing land casino marketplace is hard-hitting competition from gambling-friendly neighboring states like Pennsylvania and New York. Profits have already been falling steadily since 2006, and hit a low of just over $3 billion this past year from a 2006 total of $5.2 billion.
Perhaps blood that is smelling the veto action, Nevada Gov. Brian Sandoval quickly pressed his state Continue reading “Two-Year Investigation Leads to Super Bowl Party Raid”