Two-Year Investigation Leads to Super Bowl Party Raid

It is a Definite time that is maybe next Christie on Internet Gambling for New Jersey

Saying ‘now is the time for our state to move forward, again at the forefront for the nation, by becoming one associated with the first states to allow online gaming,’ New Jersey Gov. Chris Christie ironically yet again this week vetoed his state’s draft that is latest of an online gambling statute. Citing concerns over gambling tax income rates being set too low, as well as over transparency problems for companies seeking on line gambling licensure, Christie nonetheless showed a glimmer of a cure for passing of revised variations 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.

On the line are vast amounts in potential revenue, especially key in a state whose brick-and-mortar casinos took a hit that is heavy year, at least in component as a result of the ravages of Hurricane Sandy. Also affecting New Jersey’s ailing land casino market is competition that is hard-hitting gambling-friendly neighboring states like Pennsylvania and ny. Profits have now been falling steadily since 2006, and hit a low of just over $3 billion a year ago from a 2006 total of $5.2 billion.

Perhaps blood that is smelling the veto action, Nevada Gov. Brian Sandoval quickly pressed his state’s lawmake Continue reading “Two-Year Investigation Leads to Super Bowl Party Raid”