Posts Tagged ‘new jersey’

Atlantic City Casino Operators Apparently in Talks With Online Gaming Software Devlopers

Monday, August 9th, 2010

Atlantic City must be hurting. I mean – come on – there’s no denying all of Atlantic City has been hurting for a long time now. Err, I suppose ever since the day casinos first opened on the boardwalk.

But really, Atlantic City had it’s heyday, and the idea now is to get back to that place before Playboy Casino was shut down and Donald Trump got the idea that he could rule AC with just a hotel and a bad hair piece (it never gets old!). Considering how the casinos have been faring, you can’t really blame him, can you?

Anyhow, now that there is a glimmer of hope for online gambling regulation in the States, land-based casino operators in Atlantic City (not to mention Las Vegas) are looking into the prospects of running a counterpart online casino. Business is not great, and quite frankly, the World Wide Web is stealing billions of dollars from brick ‘n mortar casinos.

You would have thought online casino gambling was legalized several years back, would you not? Oh but wait – the technology itself came about during the Bush administration, and instead of giving it a proper study, Republican conservatives and the religious right had their say in getting online gambling (well, at least some forms) banned.

Never mind the fact that England has been successfully regulating and taxing internet betting for over five years – without rises in problem and underage gambling mind you. But don’t get me started. Believe me, I can go on about this not only until the fat lady sings but also when the cows come home.

Anyhow, back to Atlantic City.

The President of the New Jersey Casino Association, Mark Juliano, has alluded that New Jersey casino operators are indeed working with software providers in preparation of legalized online gambling. Okay, scratch that. Juliano didn’t allude (as reported elsewhere), he outright said it. He even said the Association thinks it is “inevitable” that legislation will pass “at some point”.

And not that this is a big surprise, really. Harrah’s was adamantly opposed to regulating online gambling when the idea first presented itself. It took several years of losing revenue and a budding realization that regulation really does work for Harrah’s to turn on a dime and direct their efforts toward getting online gambling legalized.

So yes, when online gambling is finally legalized in the U.S. a virtual Atlantic City is likely to show up very soon thereafter. Whether or not the online gaming package will be any good (AC casino operators are years behind the game), is anybody’s guess.

New Jersery Senator Proposes Legislation to Regulate Online Casino Gambling

Saturday, January 16th, 2010

newjersey-gambling

The State of New Jersey could be the next U.S. State – oh, wait – the first U.S. State to get some serious regulations passed to liberalize the online gambling industry. The news comes shortly after New Jersey passed a law to legalize the medical use of Marijuana, followed by each of the State Senators taking a puff off a joint to make sure it was indeed safe for medical use.

While I truly wish it went down like that, my sarcasm comes from the fact that I personally don’t believe online gambling regulation stands a chance in New Jersey. Let’s face it –  this is coming from a State that recently shot down a provision to legalize gay marriage and is home to the second largest land-based casino Mecca in the United States. Of course, the latter could go in favor of New Jersey if there was full support from the brick ‘n mortar casino operators, who are no doubt financially struggling in these pressing times. However, there is no word on their feelings just yet.

The proposed bill, which is being spearheaded by Senator Raymond Lesniak doesn’t just call for the regulation of internet poker, it also seeks to liberalize online casino gambling as well. And Lesniak thinks he can muster support from the land-based industry by mandating that online casino companies are located in Atlantic County, thereby making it as simple as launching an online casino website for Atlantic City’s land-based casino operators. The other provision in the bill that would help streamline the regulatory process is that all of the current casino game rules and age requirements in Atlantic City would be used a template for the online sector.

In essence, Lesniak’s bill would simply set forth regulatory/taxation provisions to govern the online gambling industry if and when the industry becomes regulated on a Federal level. Following in the steps of California (which is only attempting to legalize online poker), Lesniak and his fellow New Jersey supporters are preparing the bill ahead of time, so as to give New Jersey casino gaming operators the ” first pick of customers from the State” if Congressman Barney Frank’s bill to overturn the Unlawful Internet Gambling Enforcement Act is passed.

And that’s another matter altogether. While the U.S. economy could certainly stand to benefit from a surge in tax revenue, many of the same Senator’s who voted for the UIGEA (unknowingly or not) still hold their seats. Furthermore, the Obama administration, and Democrats as a whole, may be reluctant to act in a liberal manner toward something so contested as gambling, considering their current battle to pass health care legislation and the continual lambasting by Republicans for trying to liberalize, or should I say, reform the health care system as a whole.