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In an interview with Bloomberg News, State Senator Raymond Lesniak (D-Union) urged New Jersey Governor Chris Christie to sign a bill he co-authored that would allow for Internet gambling in the Garden State. Lesniak called Internet gambling the “best shot” at resuscitating Atlantic City.
New Jersey Governor Chris Christie has until next Thursday (February 8) to sign or veto an Internet gambling bill that currently sits on his desk. The measure would legalize Web gaming in a state with nearly 9 million people while making Atlantic City a hub for the activity. The bill’s sponsors hope to eventually expand the industry beyond New Jersey’s borders through multi-state compacts similar to that of the lottery system’s Powerball game.
Roger Gros, the publisher of Global Gaming Business magazine and a longtime Atlantic City insider, is reporting that New Jersey Governor Chris Christie is considering a “conditional veto” of an Internet gambling bill that currently sits on his desk. The Governor must act by next Thursday February 7 or else the bill automatically becomes law.
With just a few days left for New Jersey Governor Chris Christie to either sign or veto a bill legalizing online gambling in the Garden State, Poker Players Alliance head John Pappas met with the a senior advisor to the Governor on Tuesday.
As Internet-gambling legislation struggles to gain traction at the federal level and several states debate their own i-gaming measures, prospective operators and regulators are left to wonder how, when and to what extent this highly anticipated activity will roll out. Five experts will offer their answers in a special panel discussion at the 8th Florida Gaming Congress, to be held February 25-26, 2013, at the Seminole Hard Rock Hotel & Casino in Hollywood.
Speakers on the panel titled "Internet Gaming in the US" include the following:
14 days of deliberations and still no verdict in the trial of Philadelphia Mob boss Joseph Ligambi.
Earlier in the day, jurors asked to hear more audio tapes from the 10-week trial, according to John P. Martin of the Philadelphia Inquirer.
While we don’t expect US missiles to rain down on the tiny Caribbean nation of Antigua any time soon, an all out war of words has broken out between these two nations following the World Trade Organization’s granting Antigua permission to set up an online site infringing on US intellectual property.
The parent company of the world’s largest real money online poker room, PokerStars, is looking to purchase the money-losing Atlantic Club Casino in Atlantic City.
PHILADELPHIA – (Associated Press) — A Philadelphia mob jury could work Super Bowl Sunday if the panel doesn’t reach a verdict this week in the sports betting and loansharking case.
One of the leading free to play online poker networks, ZEN Gaming, has filed for bankruptcy protection with its future uncertain. The company relied heavily on an ad support platform but has been met with fierce competition, mostly from real money Web poker rooms that also offer the free to play format. Still, ZEN Gaming does boast of having more than 750,000 registrants with over $100k in cash prizes awarded monthly.
While residents wait to see if New Jersey Governor Chris Christie will sign or veto a bill to allow online gambling, he did sign into law legislation for mobile gambling at race tracks.
(Reuters) - U.S. hedge fund Baupost Group has a 5.2 percent stake in Greek gambling firm OPAP, a regulatory filing showed on Tuesday, signaling foreign interest in the country's gambling monopoly before its privatization.
Boston-based Baupost Group, run by money manager Seth Klarman, unveiled the position after it exceeded a 5 percent reporting threshold under Greek law, OPAP said in the filing.
Baupost is the third investment fund holding a big stake in OPAP, which has a market value of 2.05 billion euros ($2.76 billion) on the Athens Stock Exchange.
SAN FRANCISCO – (Reuters) - Zynga’s stock rose 14 percent on Monday as investors grew more confident that the social games developer behind "Farmville" and "Mafia Wars" will deliver a solid set of quarterly results next week.
Its shares ended trading at $2.84, up 35 cents
In Geneva on Monday, the World Trade Organization gave permission to the tiny Caribbean nation of Antigua to suspend US copyrights as a form of relief for the US Government’s failure to abide by a WTO decision on Internet gambling.
Local authorities in Antigua may now move forward with the development of a download portal for pirated movies, television programs, CDs and games.
(Reuters) - The United States on Monday warned the tiny Caribbean nation of Antigua and Barbuda not to retaliate against U.S. restrictions on Internet gambling by authorizing the "theft" of U.S. intellectual property.
The tiny Caribbean island of Antigua is set to begin selling copyright-free US movies, DVDs, CDs, games, software a more beginning this coming Monday January 28, 2013.
The move is in response to the USA’s failure to adhere to a World Trade Organization ruling made several years ago in regard to online gambling.
A new documentary film about sports betting is set to debut nationwide Sunday. ‘Life On The Line’ will be shown as part of a free screening Saturday January 26, 2013 (that’s tomorrow if you are catching this piece from the Gambling911.com home page) at the LVH Sportsbook’s 1500-seat showroom (5 pm Vegas time).
HONG KONG — (Associated Press) - U.S. billionaire Sheldon Adelson’s flagship Macau casino is suing two mainland Chinese high rollers over debts worth millions in a case that provides a rare glimpse into the VIP culture that powers the gambling enclave.
PHILADELPHIA (Associated Press) — A jury weighing mob racketeering charges in Philadelphia is back at work after a chaotic week in which two jurors were replaced and a foreman quit the post.
Could Be a Positive Catalyst for BORGATA, BYD & CZR
Maintaining Existing Recommendations
(Reuters) - Irish bookmaker Paddy Power , known for its provocative advertising and innovative gambling products, projected a slot machine on the Milan stock exchange on Wednesday to promote its expansion in the growing online Italian gambling market.
The Dublin-based group said it aims to become one of the top five online bookmakers this year in the growing Italian market, dominated by local operators Lottomatica, privately owned Sisal, and Snai.
The German Federal Court set down a ruling on Thursday suspending its decision related to the legality of its State Treaty of Gaming.
The current online gambling treaty only allows for 20 licensed operators.
Opposition groups and gaming firms have argued that the German restrictions fail to adhere to European Union trade laws.
The numbers don’t lie. Bitcoin casino SatoshiDice, based out of Dublin, Ireland, has recorded a daily profit of ฿135.96 (£1,527) per day, and those numbers continue to grow as more and more Web gamblers become acquainted with the alternative anonymous online currency.
Not only is Bitcoin a sort of niche currency, SatoshiDice itself falls into the niche category, making these numbers all the more impressive.
Popular online gaming site, Cake Poker (CakePoker.eu) is introducing Cake Dice, the latest addition to Cake’s growing menu of gaming options including Poker, Casino, Tournament Blackjack, WAR and Russian Roulette. Cake Dice will launch with popular games, Cee-lo and 1-4-24.
ATLANTIC CITY, N.J. – (Associated Press) - The Texas billionaire who owns Golden Nugget Atlantic City casino has agreed to pay a $15,000 fine.
New Jersey regulators cited Tilman Fertitta for playing blackjack at two Atlantic City casinos last year. That violates a law that bars holders of a key casino employee license from gambling in Atlantic City.
Golden Nugget general manager Tom Pohlman tells the Press of Atlantic City Fertitta feels bad because he didn't know about the ban. Pohlman says Fertitta can gamble in Nevada except at his own casino.
Following news that the Feds will be joining a suit filed by the professional sports leagues and NCAA to prevent legalized sports betting in the state of New Jersey, Governor Chris Christie reacted late Tuesday evening.
On Tuesday night, New Jersey Governor Chris Christie addressed his concerns over legalized Internet gambling in the state, primarily will Web casinos and poker rooms keep gamblers from going to Atlantic City?
One of the least likely states, conservative Mississippi, is once again exploring options to legalize online gambling.
Mississippi considered seriously flawed legislation last year that called for – among other things – allowing cash and credit as deposits with little oversight and the confiscation of inactive funds by the state.
An almost identical bill is being re-introduced by state Rep. Bobby Moak. He once again asserts that legalized online gambling in the state would result in countless numbers of jobs created.
SatoshiDice.com, the largest bitcoin online casino in terms of overall volume, has reported impressive earnings on the year.
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Owning an online sportsbook may sound like a license to print all the money you want but the truth is such an operation is not always that easy to run without the proper tools.