Archive for the ‘internet gambling’ Category

Illinois Online Gambling Gets Fighting Chance

Sunday, August 20th, 2017

Daily Fantasy Sports have existed in a floated in a legal limbo in Illinois ever since the state’s Attorney General Lisa Madigan penned in 2015 that the popular pastime was illegal in her opinion. She wrote, “ Absent legislation specifically exempting daily fantasy sports contests from the gambling provisions, it is my opinion that daily fantasy sports contests constitute illegal gambling under Illinois law.”

Representative Michael Zalewski, a vocal proponent for online betting and daily fantasy sports, was not deterred by the Attorney General’s less than enthusiastic assessment. He issued a statement thanking Madigan for her clarity and expressed his intention to continue finding a way to bring regulated online gambling to Illinois.

“Now that we have more clarity, I look forward to working with all involved in the upcoming legislative session to allow Illinoisans to continue to play these contests and provide the necessary strong consumer protections for safe, fun play.”

Zalewski kept his word and introduced a piece of legislation that would legalize online gambling, and in turn, fantasy sports, by proposing rigorous regulation of the industry within the state. The bill passed the Senate easily, but became stymied shortly thereafter in the House. But ever the determined optimist, Representative Zalewski has become more focused on the necessity of convincing Illinois’ land based casino’s that they could also benefit from the legalization of online gaming. “I’ve come to the conclusion this needs to be a collaborative approach.”

The shift in favor by the state’s land based casinos could help the House’s committee move toward a more supportive position on online gambling and internet betting, which would then allow the increasingly popular pastime of fantasy sports betting to gain legal standing. The Illinois state House is expected to move toward considering the legislation this November or possibly early 2018.

Illinois now stands to be in an undeclared race with Pennsylvania to be the first of the two to legalize online gambling next. Both states are primed with a track record of kicking the can down the road when it comes to the potential of utilizing the tax potential of regulating online gambling. When it come to the future of daily fantasy sports and internet wagering, only time will tell.

Christie Writes Resolution in Hopes to Protect NJ Online Gambling

Friday, July 28th, 2017

Chris Christie contemplating online gambling
Remember when Donald Trump and Chris Christie were bros? You know, right after they tore each other apart during the Republican presidential primary race? It was a brief and passionate stint during the lead up to Donald Trump choosing his Cabinet and White House administration. Chris Christie became one of his fan-boys, one could assume, in order to flatter his way into the White House. Unfortunately for Christie, the sacrifice in self-respect did not seem to pay off, and he was left out in the cold.

Christie found himself right at home with other New Jersey residents who thought Donald Trump had their back, only to end up sad and lonely on the Atlantic City boardwalk. Chris Christie then returned to his post as New Jersey Governor.

Since that time Christie has not made it easier for himself to win back the hearts and minds of New Jersey residents who were appalled by his willingness to fall in line with the ‘Trump Train’ in order to serve his own political aspirations. He was caught taking his family to a beach on Fourth of July that had been closed because of a state government shut down – only the government was back up and running at that point. He had them keep the beach closed so he and his family could enjoy a private beach. Nothing like celebrating Fourth of July without all of those pesky constituents that you represent.

After such a cataclysmic PR debacle, Christie’s approval rating bottomed out in the Garden State. Now he finds himself faced with the task of protecting the state’s online gaming industry from a president that some assumed would have had a more favorable view of online gambling, given his own foray in the casino industry. But as we know, opening a land based casino does not necessarily make you a proponent for online casinos.

Donald Trump’s ties to Sheldon Adelson and to Jeff Sessions began to worry Christie that the president may begin to consider a federal ban on online gambling, which would gravely affect New Jersey’s tax revenue and the economic climate of Atlantic City. In an attempt to use whatever meager sway he may have had on the Forty-fifth president, Chris Christie issued a resolution to the administration and to Congress, imploring them to abandon any plan to ban online gambling on a federal level. He cited the negative impact it would have on his state of New Jersey:

“A federal prohibition against Internet gaming would directly and negatively impact New Jersey by dismantling the investments that the State and Atlantic City casinos have already made to implement and regulate Internet gaming, taking away the economic and employment opportunities already realized by the State and its residents, and foreclosing the future potential of Internet gaming to generate tens of millions of dollars in tax revenue, create high-tech software jobs, and foster valuable business ventures for Atlantic City casinos in this State.”

Considering their track record, it remains to be seen if such an appeal from Chris Christie will have a positive sway on the infamously unpredictable President Trump.

Online Gambling in Massachusetts Getting Close

Saturday, December 12th, 2015

online-gambling-in-massachusetts

Plans for casino expansion in the state of Massachusetts are well under way. Along with those plans, consideration is being given to legalizing online gambling. Bruce Tarr, the state Senate Minority Leader has been lobbying the Massachusetts Gaming Commission to grant internet gaming licenses to the states’ two planned new casinos, Wynn Everett and MGM Springfield. The option to offering online wagering with its additional revenue stream, is thought to be paramount in getting the new casinos off to a good financial start. Without it, it is feared that other states with legalized online gaming, especially the nearby states of Delaware and New Jersey, will undermine the new casinos potential success. This proposal does not allow for new casino licenses other than those that have already been approved. It was thought that this would be a great opportunity to provide sanctioning for fantasy sports, but such a provision has not been addressed in the new proposal.

The construction of three new regional casinos and a slot parlor will take place over the next four years. The new $1.7 billion Wynn Everett Casino will be 24 stories and located on the Everett waterfront. The price tag for the new MGM Resorts and Casino has already increased from $800 million to $950 million before construction gas even started. MGM Resorts is also currently involved in a campaign to challenge the legality of Connecticut legislation that could potentially the success of their new casino. The state has hired former Attorney General Eric Holder to assist. The Connecticut legislation has granted exclusive rights to two Indian tribes – the Mashantucket Pequot and Mohegan – to open a casino near the Massachusetts border. Meanwhile, Connecticut doesn’t think that there’s anything Massachusetts can do about it and are expected to award a construction contract by December 15 for the new casino. They are currently considering bids from East Windsor, East Hartford, Windsor Lock and Hartford.

Supports of Senator Bruce Tarrs’ proposal for online gambling feel it would be an excellent way to attract more players. But others feel that the option for internet gaming would diminish the new land based casinos chances for success by taking away potential players. The coming year of 2016 could see big changes for the online gambling marketplace in the United States –especially if Massachusetts and other states currently contemplating legalization do vote to legalize internet gambling.