It’s really a Definite time that is maybe next Christie on Web Gambling for New Jersey
Saying ‘now is the time for our state to move forward, again leading the way for the world, by becoming one associated with the first states to permit Internet gaming,’ New Jersey Gov. Chris Christie ironically once again this week vetoed his state’s latest draft of A internet gambling statute. Citing concerns over gambling tax income rates being set too low, as well as over transparency problems for companies seeking online gambling licensure, Christie nonetheless 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 easily be addressed’ with a newly worded measure.
At risk are huge amount of money in potential income, specially key in a state whose brick-and-mortar casinos took a hit that is heavy 12 months, at least in part due to the ravages of Hurricane Sandy. Also impacting brand New Jersey’s ailing land casino market is competition that is hard-hitting gambling-friendly neighboring states like Pennsylvania and New York. Revenues have now been 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 squeezed his state’s lawmak (more…)