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auCL-Ed
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24 November 2010 - 6:25am

New Jersey - some good news at last for American gamblers

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In a week that hasn't been a high point for the American online gambler, we can at last report something good for a change!

A bill that would legalise online gambling in New Jersey has passed the Senate. The bill now goes to the state House of Assembly for further committee consideration.

The interesting thing is that all the operations of an online gambling site licensed in NJ would have to be located in Atlantic City, but the sites would be available for people to play who reside in either New Jersey or outside of the United States.

With the license fees relatively expensive at $200,000 to start up and $100,000 per year thereafter - plus a tax rate of 15%, you wouldn't expect to see any fly-by-night 3 man white label operations running out of Atlantic City.

So it looks very promising indeed. And if this passes and becomes successful it could be the straw that break the camel's back in the USA - watch for other states to follow suit.

Full article here:
New Jersey online gambling bill passes Senate in 29-5 vote

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rsCatFace
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24 November 2010 - 10:06am
#1

Yes, finally some good news for the US gamblers! I just hope New Jersey will draw other states to do the same thing, so our US friends are finally allowed to spend their money as they wish! Smile

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usUsne
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24 November 2010 - 5:44pm
#2

What i found interesting is that not only will it to be legal to gamble online but NJ would be allowed to be an operator as well.

Another interesting point is that Atlantic City is a big city for casinos. A "little Vegas" so to speak and if my memory serves me correct the reasons for the ban (among many) is big gambling cities like Vegas and Atlantic City would suffer.

Well there goes that whole theory up in smoke as NJ passes it! One by one the excuses once made will tumble and fall off like dominoes as the $$ signs flash before their eyes.

Usne

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auCL-Ed
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24 November 2010 - 11:03pm
#3

The thing is Atlantic City is suffering as a land gambling destination because of competition opening up in Pennsylvania, which now allows table games. So they aren't getting as many out of state visitors as they once did - and maybe never will.

Atlantic City: September revenues down 11.6%

So their hand has been forced and they are seeing the need to embrace online gambling.

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rsCatFace
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26 November 2010 - 10:10am
#4

Smart thinking - I wish all would realize the benefits they'd get from the legalization of online gambling, since it would expand the overall offering in land casinos as well, making them suitable for all sorts of gamblers...

usRodaaf282
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26 November 2010 - 5:26pm
#5

Finally!!! Since I am from New Jersey, I am very hopeful. If this indeed passes, I wonder if this means I will be able to reopen my microgamming accounts. Even though I live in New Jersey, I travel to Connecticut to Foxwoods to gamble. Atlantic City, in my opinion, can be rather scary. It is so funny. We were just talking about this under Usne's topic. Looks like I do not have much work at all! Joking

THANKS FOR THE GREAT NEWS!

auCL-Ed
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26 November 2010 - 7:58pm
#6

Depending on where you have you Microgaming accounts Rodaaf - you should be able to play some of them now. Microgaming moved all its U.S. players off onto another software a few months ago, but they have most of the same games. You just need to know your login details and you should be able to use them on the new software.

As for NJ, you would only be able to play at any Microgaming casino that was granted a license to operate from out of Atlantic City. And they would need to move their operations to there, so it remains to be seen if any of the existing ones will move there. However what is more likely is that the land based operations in New Jersey will start their own online casinos, which would bring in some excellent and well-funded competition.

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usUsne
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27 November 2010 - 8:49pm
#7

Thats great news for you Rodaaf! It is slowly going to turn around. Let us know how it does effect you and online gambling.

Wonder how long it will take before it is all said and done.....

Usne

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