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New Jersey Remains on Pace As Nevada Online Gambling Delays Continue
By Steve Larson Wednesday, September 4th, 2013
While Nevada may have been the first state in the U.S. to go live with regulated online gambling, the slight lead that milestone afforded may be in danger as competing states seek to displace Nevada at the top of the growing industry.
The main threat in the status quo: New Jersey, where regulators recently suggested that they remain on track for their ambitious launch date of November 23rd, 2013.
And when New Jersey does launch real-money online gambling, they’ll also be outdoing Nevada in one specific way: offering not only poker, but casino games to boot.
NJ regulators reveal they’ve been working for some time to develop regulations
What’s driving New Jersey’s belief that they can be live with regulated online gambling in New Jersey in just a few months? Part of the confidence stems from the fact that regulators have apparently been preparing themselves to handle the issue of regulating Internet gambling for some time.
According to recent interviews with the head of New Jersey’s Division of Gaming Enforcement, David Rebuck, preparations for regulating online gambling have been in the works for years. But the agency began looking at the issue with substantially greater urgency after the Department of Justice issued their memo regarding a re-interpretation of the Wire Act in December of 2011.
If November target is met, questions about Nevada’s pace will arise
Regulators in New Jersey – along with the majority of industry observers – agree that the November launch target is aggressive. But as the date draws closer absent any indication of setbacks or delays, many are starting to wonder exactly why New Jersey has been able to proceed at a pace that makes Nevada’s progress on regulated online gambling seem downright glacial by comparison.
Has Nevada taken an overly cautious approach to online gambling regulation? Or does the state simply not feel the same urgency to roll out regulated poker and casino games as New Jersey, where casino revenues are in the midst of a nearly-decade-long slump?
Whatever the explanation, one thing seems certain: if New Jersey manages to pass legislation allowing online gambling and launches full-scale real-money online gambling within the same calendar year – as it appears poised to do – then consumers in Nevada are going to have some tough questions for regulators and operators.
Specifically, why have Nevada players had to wait so long for a robust online gambling market to emerge? And why has the process of releasing seemingly trivial software updates for Nevada’s one up-and-running online poker site been so fraught with delays and difficulty?
Read entire article here.
By Steve Larson Wednesday, September 4th, 2013
While Nevada may have been the first state in the U.S. to go live with regulated online gambling, the slight lead that milestone afforded may be in danger as competing states seek to displace Nevada at the top of the growing industry.
The main threat in the status quo: New Jersey, where regulators recently suggested that they remain on track for their ambitious launch date of November 23rd, 2013.
And when New Jersey does launch real-money online gambling, they’ll also be outdoing Nevada in one specific way: offering not only poker, but casino games to boot.
NJ regulators reveal they’ve been working for some time to develop regulations
What’s driving New Jersey’s belief that they can be live with regulated online gambling in New Jersey in just a few months? Part of the confidence stems from the fact that regulators have apparently been preparing themselves to handle the issue of regulating Internet gambling for some time.
According to recent interviews with the head of New Jersey’s Division of Gaming Enforcement, David Rebuck, preparations for regulating online gambling have been in the works for years. But the agency began looking at the issue with substantially greater urgency after the Department of Justice issued their memo regarding a re-interpretation of the Wire Act in December of 2011.
If November target is met, questions about Nevada’s pace will arise
Regulators in New Jersey – along with the majority of industry observers – agree that the November launch target is aggressive. But as the date draws closer absent any indication of setbacks or delays, many are starting to wonder exactly why New Jersey has been able to proceed at a pace that makes Nevada’s progress on regulated online gambling seem downright glacial by comparison.
Has Nevada taken an overly cautious approach to online gambling regulation? Or does the state simply not feel the same urgency to roll out regulated poker and casino games as New Jersey, where casino revenues are in the midst of a nearly-decade-long slump?
Whatever the explanation, one thing seems certain: if New Jersey manages to pass legislation allowing online gambling and launches full-scale real-money online gambling within the same calendar year – as it appears poised to do – then consumers in Nevada are going to have some tough questions for regulators and operators.
Specifically, why have Nevada players had to wait so long for a robust online gambling market to emerge? And why has the process of releasing seemingly trivial software updates for Nevada’s one up-and-running online poker site been so fraught with delays and difficulty?
Read entire article here.
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