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New Jersey Gaming Commission Against Implementing Online Casinos
July 1, 2010- By Bryan Cross
In total, there are 11 casinos in the United States second-largest gaming industry in Atlantic City, New Jersey. While the industry in Atlantic City continues to struggle, the casinos wage another battle against Internet gambling that they have taken on in the recent weeks.
The Casino Association of New Jersey has recently come out saying that they would be against the set up of legal online gambling through their casinos, eluding to the fact that it would violate laws in place on the federal level disallowing online Sports Betting and gambling.
Joe Corbo, the President of the Association wrote a letter stating the concerns of the casinos.
“As the industry seeks to work with government to revitalize the economic engine that the Atlantic City casinos bring to the state of New Jersey, the last thing that the state needs at this time is to undermine the destination resort model by expanding gambling to other parts of the state,” the letter read.
Some of the provisions being considered would be letting the casinos filter Sports Betting online and featuring online table games. Corbo stated that the company behind this, the Interactive Media Entertainment & Gaming Association, deals in large part with offshore online casinos and Internet gambling.
“New Jersey, which has set the gold standard for its gambling laws, should not now have its gambling laws driven by a group like iMEGA that is made up of offshore Internet gambling sites that are not permitted to accept wagers in the United States and are thumbing their nose at the United States Department of Justice,” he said in the letter.
President of the iMEGA company, Joseph Brennan, stated that the company would not treat the New Jersey Online Casinos any differently.
“We sought out New Jersey because they have the toughest gaming regulators on the planet, and they’ll probably be even tougher on anyone that wants to fill this space,” he remarked.
“We advocated all along for the existing Atlantic City casinos to be the apex of this industry and this effort,” Brennan added. “The revenue would flow through them. The opportunity for Internet operators is to ink partnerships with casinos, which don’t currently have the expertise, the technology or the manpower to get this business up off the ground.”
Brennan stated that as many as 57,000 jobs could be created and over $7 billion in revenue.
Source
July 1, 2010- By Bryan Cross
In total, there are 11 casinos in the United States second-largest gaming industry in Atlantic City, New Jersey. While the industry in Atlantic City continues to struggle, the casinos wage another battle against Internet gambling that they have taken on in the recent weeks.
The Casino Association of New Jersey has recently come out saying that they would be against the set up of legal online gambling through their casinos, eluding to the fact that it would violate laws in place on the federal level disallowing online Sports Betting and gambling.
Joe Corbo, the President of the Association wrote a letter stating the concerns of the casinos.
“As the industry seeks to work with government to revitalize the economic engine that the Atlantic City casinos bring to the state of New Jersey, the last thing that the state needs at this time is to undermine the destination resort model by expanding gambling to other parts of the state,” the letter read.
Some of the provisions being considered would be letting the casinos filter Sports Betting online and featuring online table games. Corbo stated that the company behind this, the Interactive Media Entertainment & Gaming Association, deals in large part with offshore online casinos and Internet gambling.
“New Jersey, which has set the gold standard for its gambling laws, should not now have its gambling laws driven by a group like iMEGA that is made up of offshore Internet gambling sites that are not permitted to accept wagers in the United States and are thumbing their nose at the United States Department of Justice,” he said in the letter.
President of the iMEGA company, Joseph Brennan, stated that the company would not treat the New Jersey Online Casinos any differently.
“We sought out New Jersey because they have the toughest gaming regulators on the planet, and they’ll probably be even tougher on anyone that wants to fill this space,” he remarked.
“We advocated all along for the existing Atlantic City casinos to be the apex of this industry and this effort,” Brennan added. “The revenue would flow through them. The opportunity for Internet operators is to ink partnerships with casinos, which don’t currently have the expertise, the technology or the manpower to get this business up off the ground.”
Brennan stated that as many as 57,000 jobs could be created and over $7 billion in revenue.
Source
