It is a Definite Maybe the next occasion for Christie on online Gambling for brand New Jersey
Saying ‘now is the time for our state to maneuver forward, again in the lead for the country, by becoming one of the first states to permit online gaming,’ New Jersey Gov. Chris Christie ironically once more this week vetoed his state’s latest draft of A web gambling statute. Citing concerns over gambling tax revenue rates being set too low, as well as over transparency dilemmas for companies seeking online gambling licensure, Christie however revealed a glimmer of hope 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 be addressed’ easily with a newly worded measure.
At stake are millions of dollars in potential income, specially key in a state whose brick-and-mortar casinos took a heavy hit last year, at least in part as a result of 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 nyc. Revenues were 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 lawmakers to accept a bill that would Continue reading