It is a Definite time that is maybe next Christie on online Gambling for New Jersey
Saying ‘now is the full time for our state to go forward, again at the forefront for the nation, by becoming one of the very first states to allow Internet gaming,’ brand New Jersey Gov. Chris Christie ironically yet again this week vetoed his state’s latest draft of an online gambling statute. Citing concerns over gambling tax revenue rates being set too low, as well as over transparency problems for companies online that is seeking gambling, Christie nevertheless revealed a glimmer of a cure for passing of revised versions of the bill to come, perhaps 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 be addressed’ easily with a newly worded measure.
At risk are millions of dollars in potential revenue, especially key in a state whose brick-and-mortar casinos took a hit that is heavy 12 months, at least in component because of the ravages of Hurricane Sandy. Also affecting brand New Jersey’s ailing land casino marketplace is competition that is hard-hitting gambling-friendly neighboring states like Pennsylvania and nyc. Revenues were dropping steadily since 2006, and hit a low of just over $3 billion year that is last 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 →